Strategies for IT Investment: Business Process and Healthcare

This report delves into various IT investment strategies crucial for business development and healthcare improvements. It examines informational, strategic, transactional, and infrastructure investments, highlighting their roles in enhancing business processes, increasing efficiency, and driving growth. The report emphasizes the importance of IT in healthcare, citing examples like CarePoint Health and the benefits of information systems in managing patient data, inventory, and payroll. It also addresses the impact of cloud computing and digital technologies, emphasizing the need for businesses to adopt IT strategies to remain competitive. The analysis covers risk management, change management, and the importance of aligning IT investments with business goals, providing a comprehensive overview of how IT investments can transform organizations and improve customer experiences. The report also stresses the need for organizations to consider the current business conditions, turnover, and budget before implementing new IT systems, and the importance of choosing the right organization for the implementation of IT infrastructure. The report concludes by suggesting that IT investment is a complete solution for all the problems in the system and that it is a must-have for companies to compete with their competitors and improve their overall business operations. The report also references the importance of IT services in attracting customers, especially in the context of online business.

Strategies for business:
Every organization is having strategies for handling and managing the business processes of the
organization. Project manager is a compulsory thing for the organization that they have to
appoint a project manager for managing the work processes and they also planning for the future
investments. There should be a dedicated office for the project management work, which is
beneficial for the company. In the healthcare system, changes are required from the client’s side
so company must receive the changes and improve the systems based on them.
There are so many minor changes in the system, which are beneficial for the doctors, patients,
and managements. IT-services are changes the working processes in a smooth way. It is also
increasing the efficiency of the business processes.
(Source: Chakkarpani, 2009)
Information technology is having different investment strategies for the managing an
organization.

(Source: Chakkarpani, 2009)
Before investment in the IT services, few things must considered, which are:
Informational Investment: it is beneficial for the company, because it increases control for
managing the different operations of the company in proper ways. It is cost saving for the
company. IT services are providing better information to the organization for their investments
and it is providing integrated services to different functions of the company. Information
Systems are improving quality of the company. It is also making different image of an
organization. It is also helping in better productivity.
Strategic Investment: IT is 11 percent of all the investment. It will beneficial for the product
and process innovations. Today era is full of competition, so it is necessary to invest in the IT
services. IT- services are also providing better delivery services. There are so many things
manage by the IT-services. It is also increasing sales of the company. It is having high risk but it
also provides high returns to the organization.
Transactional Investment: it has 26 percent of overall the investment. It is the best solution of
the cost cutting in the organization. It increases throughput of the company. IT- services are
managing different things of the company, such as information transfer is easy with the IT-
services. Monitoring is so easy with the help of IT-services. It is having low risk, and it provides
solid returns to the company.

Infrastructure Investment: it is requiring 46 percent of the total investment of the Information
systems investment. There are so many advantages of the infrastructure of the IT. It is beneficial
for the business integration. All the functions are handled from a single place. It also provides
flexibility to the system. It is helpful for the reducing marginal cost of business units. There are
so many standards for the IT-services, which are necessary to implement according to rule and
regulations.
These factors are used for the implementation of the Information System. There are few things
which are also considers as risk for the organization.
Current conditions of the company are helpful form making strategies of the IT investment.
Company turnover is also affects from the IT investment. It requires huge funds for
implementation, so organization must aware about the risk form it. It is a big step for the
organization. As their current system is working fine then it will not require a new system, but
for future it is must for compete their competitors. If company budget is allowing for the
purchase of the Information system then it is more beneficial for the company. There are few
steps to create strategies for IT investments.
Business risk are also affects the IT investment. IT investment is reducing the competition from
their competitor. There are so many assets of the organization. There is few information assets
also includes in the organization, which makes organization image better in the market. It is best
thing for the business of the company. There are so many things for making working process
better of an organization. The best solution is the Information System, which is providing a
complete solution for the company. It will solve every problem of the organization in the proper
manner.
IT investment is also impact better on the business processes. Business processes are going more
fine with the IT- services. It is also attracting the customers. Online business is the most popular
thing in the current market. Everyone wants to purchase from online resources. Therefore,
company should go for the IT investment, but if it is cost effective than do not agree for
implementation of it.
Technological changes are always beneficial for the organizations. It will provide benefits in
long term but it is making system more accurate. There are different stages of the strategies
designing for business processes. IT strategies are at second position in every industry now days.

There are few things, which make an organization better than others do. Now days, every
industry is having their own IT infrastructure for managing their functions. It is also beneficial
for research and development.
Digital technologies are changing business of the company and it is most of the time beneficial
for the organization, if the proper system is implemented for the company. It is must require
things for the company that they choose a best organization for the implementation of the IT
infrastructure.
In present era, Cloud computing is most popular thing in the whole world. They are providing
platform, services, and infrastructures for the working. Many companies are attracting customers
from online facilities. It is also beneficial for the customers that they have knowledge about the
new things.
There are so many fields in the company, which are handled by the Information System (IS). It is
a best thing for the increasing their business using IT investments. Financial management is
also handled by the IT-services. There are few things in the company, which are managed by the
IT-services, such as risk management, change management. IT services makes system more
solid for handling the risk for the business of the company. It is a complete solution for all the
problems in the system.
CarePoint Heath is providing different services for the patients as well as for doctors to manage
their appointments using the Information System. Every new service is easily managed by the
information system, as it is manage everything of the organization. There are different operation
in the field of medical science, such as data about the patients for their operation and future
treatment, inventory system, payroll system, and many others. All these operations are easily
manage using the Information System.