The Future of The CMIO: Opportunities and Challenges

Download as pdf or txt
Download as pdf or txt
You are on page 1of 5

The Future of the CMIO:

Opportunities and Challenges

The transition from volume to value-based


healthcare is creating new roles and responsibilities

Strategy/Innovation
Volume

Chief Innovation
Officer,
e.g., DartmouthHitchcock, UCLA,
Humana

Change Management

Technology Expertise

Chief Transformation
Officer, e.g.,
Geisinger, Reading
Health System

Chief Digital Officer,


e.g., CVS Caremark,
American College of
Cardiology

Chief Accountable
Care Officer, e.g.,
Palo Alto Medical
Foundation

Head of Digital
Innovation, e.g.,
Baxter, J&J

Value

Chief Medical
Innovation Officer,
e.g., Cleveland Clinic

The transition from volume to value-based healthcare is


calling traditional roles into question, particularly the CMIO position

Typically the CMIO role has focused


on CPOE, decision support,
functional use of the EMR and
meeting meaningful use standards

Impact of
Transition to
Value-Based
Care on
CMIOs

Recent changes in the healthcare


paradigm are creating new
opportunities that could be
addressed by the CMIO
- Novel business relationships and
commercial ventures
- New operational responsibilities
- Analytics and business intelligence

CMIO CAREER PATHS


Average
50
45
40
35
30
25
20
15
10
5
0

Strategy

Change Mgmt

Technology

No change

CMIOs have a number of options before them

Degree of Risk/Change
00
Role

Option #1

Option #2

Option #3

Option #4

Strategy/
Innovation

Change
Management

Technology
Expertise

Advancing CMIO
Role

10%

30%

Probability

Requirements

Career
Considerations

15%

50%

Visionary/
creative thinker
Knowledge of
policy

Strong leadership
skills
Critical thinking
Project
management

Consultative
approach
Networking/
sales skills
Systems thinker

Advancing role to
optimizing
information and
expanding to
multiple system
integration

High visibility
Highly
competitive

Focus on
operations. Good
skill fit

High risk/high
reward
Focus on bottomline (ROI) not
patients

Move to larger
organization

You might also like