Insourcing versus Outsourcing in Health System IT Strategies The growth rate in hospital IT spend has outpaced growth rates in overall healthcare costs by as much as five times between 2007 and 2015, according to our analysis. Much of the IT spend during that time was dedicated to massive investments in electronic health record (EHR) implementations.…
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Some of the biggest changes in how we conduct business relates to changes in technology. In fact, technology has changed more in the last two decades than in the 200 years before that. Banks have traditionally not been early adopters of change, particularly when it comes to technology and shifting to digital organizations.…
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nCino implementations have the potential to touch nearly all aspects of a bank’s operational workflows, data management system, and customer journey. Implementations of any new technology can be fraught with delays. After completing dozens of implementations with our partner nCino, we’ve learned a lot about how to help banks ensure successful implementations.…
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The magnitude of opportunity and change facing utility executives is both exciting and overwhelming. With many facets of the business shifting all at once, it is difficult to balance successfully running today’s utility while transforming into a more efficient, more secure, customer-centric and safer organization. Through our observation of many utility environments, we believe that focusing...
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2017 saw several hundred insurance transactions, with more than 100 private equity investments. These include mega deals like Caisse and KKR’s $4.3 billion deal for Onex’s USI Insurance business and smaller transactions by any number of other firms. It is clear that private equity firms have an appetite for growing their insurance portfolios.…
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Operating a public-cloud based infrastructure requires a careful appreciation of recurring costs and how to minimize them. We work with clients to optimize their cloud environments, and see several reoccurring themes when cloud cost optimization is done successfully. Use cost management tools Organizations that manage their cloud costs well deploy cost management tools and processes very early...
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It’s been an exciting past few years watching cloud services evolve into what they are current day. Starting from the early years, companies were only looking to utilize unused computing resources; to now, where you can run platforms such as SQL Server as a service (PaaS) or use Salesforce in the cloud (SaaS).…
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One of the best things about our profession is the opportunity to meet and collaborate with so many talented and interesting people at our clients and in the community. This blog series introduces some of the executives with whom we work and spotlights the ways they are leading and making their mark, both personally and professionally.…
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We know business and technology teams often struggle to work together to drive results, but why? These two groups don’t always speak each other’s languages, don’t communicate with any regularity, and are struggling to overcome historical siloes. It’s driving a rift that is affecting your organization’s ability to perform at peak and innovate rapidly.…
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Most have heard of Bitcoin – the cryptocurrency currently rising in popularity and stock, and a hot topic of conversation. Bitcoin was created in 2008 as the world’s first decentralized digital currency by Satoshi Nakamoto. Bitcoin is the poster child for blockchain technology, but its rise to stardom raises questions regarding its role in various industries outside of banking and...
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As utilities prepare for an uncertain future, WMP is helping our clients navigate the road to digital transformation, which comes with a lot of organizational change. Our OCM expert, Bill Kirst, talks with Charles Berardesco, the Interim CEO of North American Electric Reliability Corporation (NERC) to discuss the changes that are occurring in the power industry and the ever emerging and...
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Last week at DistribuTECH 2018 in San Antonio, TX, energy professionals from all over shared ideas and perspectives on the future of the industry with one clear conclusion: our energy future remains uncertain, but “digital” will be a major driver in addressing this uncertainty. Multiple speakers echoed the theme that changes in technology, customer expectations, legislation, new...
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