Case Study in IT: Strategy
Strategy for National Healthcare Provider Creates Path for $25 Million Savings
An excerpt pulled from a recent survey from global giant EY on Managing Integration for Deal Success... "Despite its operational importance, IT ranks as the top integration priority for just a handful of executives, however, more than a fifth end up allocating the top proportion of time and money resources to IT integration. This suggests that IT is under- prioritized in the integration process, and because of this, executives end up spending more on it than anticipated.”
As executive leaders focus on making assets work together to produce business outcomes, what does it look like to enable an IT integration that delivers the right outcomes?
GuideIT was recently engaged by a national healthcare provider with a history of growth through acquisition. They had just acquired a large regional healthcare provider and identified IT Integration as a cornerstone in achieving the business objectives of the transaction. To drive the optimal outcome of this cornerstone initiative, the customer leadership team targeted $80 million in IT synergy opportunity as a key metric. Approximately 25% of this metric originated from a preliminary internal evaluation for integrating the IT environment of the largest acquired facility.
Deliver a strategy for capturing $20 million in savings by integrating the IT environment of the largest acquired facility.
Results at a Glance
GuideIT deployed a strategic team of resources to perform an analysis of the current environment measured against the objective to create a baseline, gap identification and roadmap. Key deliverables included:
- Process for data identification by category
- Responsive cost comparison tool
- RFP framework for key vendor partners
- Bid analysis and reporting
Although project constraints included limited access to customer stakeholders and a short timeline, GuideIT delivered the strategy providing visibility to a path for achieving $25 million in savings, $5 million above the target. The output was delivered on time, within budget, and included tools and a best practices roadmap for capturing the savings.