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Information Technology Portfolio Management in Healthcare

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TitleInformation Technology Portfolio Management in Healthcare
Publication TypeThesis
Year of Publication2017
AuthorsViswanathan, S
Academic DepartmentCollege of Information Sciences and Technology, The Pennsylvania State University
DegreeMaster of Science
Number of Pages48
Date Published05/2017
Thesis TypeProject
KeywordsHealthcare Information Technology, Information Technology Portfolio Management, Technology Investments, Triple Aim, Utility

The healthcare industry is witnessing continued growth with parallel advances in technology adoption. Society’s healthcare needs will lead this industry to innovate and provide the best possible facilities for patients. Healthcare organizations are undergoing a lot of changes, such as adopting new technologies: improving patient care, introducing new and improved healthcare policies to name a few. This research focuses on one aspect of healthcare information technology involving assessment and management of the technology assets of healthcare organizations: Information Technology Portfolio Management (ITPM). Although portfolio management originated from the financial industry, it has been gradually adopted in other industries. This idea of applying best practices from other disciplines into the healthcare domain motivated this research study. A method and supporting software application - Summit was used to assess technology investments in healthcare. It involves measuring the utility of technology interactions (based on benefits, costs and risks) to identify their contribution to the Triple Aim of healthcare: improving patient experience of care, health of populations and reducing per capita cost of healthcare.