Our May Health TechNet meeting was both an in-person and Zoom event held at Nelson Mullins’ offices in Washington, D.C.
The theme of the meeting was Business Process management and Healthcare Delivery: Are They Related? The global business process management (BPM) market was valued at 12 billion U.S. dollars in 2020 and is forecast to grow to 26.8. billion U.S. dollars by 2028. Driven by globalization, digitalization, supply chain evolution, technology innovation including cloud, low-code systems and workflow automation, there are several multibillion-dollar, multinational companies that have been leading the industry for decades in BPM, including IBM, Oracle, OpenText, Tibco, Fujitsu, and another couple of dozen you've likely never heard of.
BPM is heavily used in Banking, Financial Services, Insurance, Defense, Retail, Manufacturing, Energy and Education, and enjoys strong support from international standards development organizations, such as the Object Management Group (OMG).
During this presentation, the speakers provided some basic definitions of BPM, described the relatively low penetration of these technologies in healthcare information technology systems, and what's being done to improve that, with resultant improvements in service quality, reduction in costs and lost time, and improvement in health care service value.
We had four distinguished speakers:
-Jim Oakes, Adjunct Professor of Health Informatics, George Mason University
-Lloyd Dugan, BPM Expert
-Joe Bormel, Chief Medical Officer, Cognitive Medical Systems
-Ken Rubin, Community Coordinator, BPM+ Health
A recording of the meeting can be found here:
Access Passcode: @4J8=$KR