# Performance Management * **Definition:** The process of monitoring and improving the efficiency and effectiveness of healthcare services and operations. * **Taxonomy:** CTO Topics / Performance Management ## News * Selected news on the topic of **Performance Management**, for healthcare technology leaders * 8.8K news items are in the system for this topic * Posts have been filtered for tech and healthcare-related keywords | Date | Title | Source | | --- | --- | --- | | 4/23/2025 | [**Managers lead global drop in employee engagement: 4 key takeaways**](https://www.beckershospitalreview.com/workforce/managers-lead-global-drop-in-employee-engagement-4-key-takeaways/) | [[Beckers Hospital Review]] | | 4/22/2025 | [**Straine Dental Management Expands Rapidly Growing Network into Maryland, Marking Entry into 16th State**](https://www.prnewswire.com/news-releases/straine-dental-management-expands-rapidly-growing-network-into-maryland-marking-entry-into-16th-state-302430480.html) | [[PR Newswire]] | | 4/11/2025 | [**Asset Performance Management (APM) Market on a Steady Growth Path - Yahoo Finance**](https://finance.yahoo.com/news/asset-performance-management-apm-market-120000176.html) | [[Yahoo Finance]] | | 4/11/2025 | [**Khachkar Studios Details US$10+ Million Support for U.S. Armenian Pilot Churches - PR Newswire**](https://www.prnewswire.com/news-releases/khachkar-studios-details-us10-million-support-for-us-armenian-pilot-churches-302426173.html) | [[PR Newswire]] | | 4/8/2025 | [**Reframing Performance Management: McLean & Company Releases a Blueprint ... - PR Newswire**](https://www.prnewswire.com/news-releases/reframing-performance-management-mclean--company-releases-a-blueprint-for-a-strategic-people-first-approach-302423658.html) | [[PR Newswire]] | | 4/8/2025 | [**Reframing Performance Management: McLean & Company Releases a Blueprint ... - Yahoo Finance**](https://finance.yahoo.com/news/reframing-performance-management-mclean-company-175700646.html) | [[Yahoo Finance]] | | 3/31/2025 | [**Hospital Information Systems Market worth US$116.75 billion by 2030 with 10.6AGR - MarketsandMarkets™.**](https://finance.yahoo.com/news/hospital-information-systems-market-worth-003000743.html) | [[Yahoo Finance]] | | 2/13/2025 | [**Solid 2024 performance; executing on plan to accelerate growth - Yahoo Finance**](https://finance.yahoo.com/news/solid-2024-performance-executing-plan-060000548.html) | [[Yahoo Finance]] | | 2/6/2025 | [**Data Center Market in UK to Grow by USD 37.87 Billion by 2028, Multi-Cloud Adoption and ...**](https://www.prnewswire.com/news-releases/data-center-market-in-uk-to-grow-by-usd-37-87-billion-by-2028--multi-cloud-adoption-and-5g-network-upgrades-boost-market-report-on-how-ai-is-redefining-the-landscape---technavio-302368571.html) | [[PR Newswire]] | | 2/5/2025 | [**Human Resource Outsourcing (HRO) Market size to grow by USD 14.1 Billion (2025-2029 ...**](https://www.prnewswire.com/news-releases/human-resource-outsourcing-hro-market-size-to-grow-by-usd-14-1-billion-2025-2029-digitization-boosts-the-market-report-on-how-ai-is-redefining-market-landscape---technavio-302368521.html) | [[PR Newswire]] | | 2/3/2025 | [**Dedalus Surges Ahead in Europe & Latin America: Black Book Research's Top-Ranked ...**](https://www.morningstar.com/news/accesswire/977713msn/dedalus-surges-ahead-in-europe-latin-america-black-book-researchs-top-ranked-digital-health-leader) | [[Morningstar]] | | 1/31/2025 | [**CobbleStone Software Publishes Contract Performance Management Guidelines**](https://www.prweb.com/releases/cobblestone-software-publishes-contract-performance-management-guidelines-302364828.html) | [[PRWeb]] | | 1/30/2025 | [**A quarter of women business leaders don't feel respected. What is going on in the C-suite?**](https://fortune.com/2025/01/30/women-business-leaders-respect-c-suite/) | [[Fortune]] | | 1/23/2025 | [**Enterprises Adopting AI-Powered Revenue Performance Software, ISG Says**](https://www.businesswire.com/news/home/20250123115132/en/Enterprises-Adopting-AI-Powered-Revenue-Performance-Software-ISG-Says) | [[Business Wire]] | | 1/20/2025 | [**Enterprise Performance Management Market to Reach USD 12.03 Billion by 2032, Driven ...**](https://www.prnewswire.com/news-releases/enterprise-performance-management-market-to-reach-usd-12-03-billion-by-2032--driven-by-ai-integration-and-cloud-adoption--credence-research-inc-302355455.html) | [[PR Newswire]] | | 1/13/2025 | [**Jan-Elof Cavander Proposed for Election to Greater Than Board of Directors - PR Newswire**](https://www.prnewswire.com/news-releases/jan-elof-cavander-proposed-for-election-to-greater-than-board-of-directors-302349064.html) | [[PR Newswire]] | | 1/4/2025 | [**Salary vs. Bonus-Based Pay: Which is Better For Your Earning Potential? - AOL.com**](https://www.aol.com/salary-vs-bonus-based-pay-220158159.html) | [[AOL]] | | 11/28/2024 | [**Application Performance Management (APM) Market to Reach USD 6539 Million by 2030 ...**](https://www.prnewswire.com/news-releases/application-performance-management-apm-market-to-reach-usd-6539-million-by-2030--growing-at-a-cagr-of-6-8--valuates-reports-302318353.html) | [[PR Newswire]] | | 11/8/2024 | [**ISG to Assess Procurement Services Worldwide**](http://www.businesswire.com/news/home/20241108684257/en/ISG-to-Assess-Procurement-Services-Worldwide/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==) | [[Business Wire]] | | 10/22/2024 | [**Healthcare SaaS Market Revolution: Size, Share & Emerging Trends (2024 - 2031)**](https://www.linkedin.com/pulse/healthcare-saas-market-revolution-size-share-emerging-trends-fizpf) | [[Linkedin]] | | 10/13/2024 | [**Corporate Performance Management Market Poised for Growth: Projected CAGR of 6.3o Reach USD 9.70 Billion by 2030**](http://prsync.com/maximize-market-research-company/corporate-performance-management-market-poised-for-growth-projected-cagr-of--to-reach-usd--billion-by--4326569/) | [[PRSync]] | | 9/12/2024 | [**Unlocking Human Potential: HR's Role In Building A Thriving Workplace**](https://www.msn.com/en-us/money/news/unlocking-human-potential-hr-s-role-in-building-a-thriving-workplace/ar-BB1kGFZb) | msn.com | | 8/19/2024 | [**A gold medal for Olympic mobile coverage**](https://www.computerweekly.com/ezine/Computer-Weekly/A-gold-medal-for-Olympic-mobile-coverage) | [[Computer Weekly]] | | 6/25/2024 | [**Deutsche Telekom adopts Wolters Kluwer's CCH® Tagetik Corporate Performance Management solution**](http://www.businesswire.com/news/home/20240625947949/en/Deutsche-Telekom-adopts-Wolters-Kluwer%E2%80%99s-CCH%C2%AE-Tagetik-Corporate-Performance-Management-solution/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==) | [[Business Wire]] | | 4/2/2015 | [**3 ways to improve hospital performance management**](https://www.fiercehealthcare.com/healthcare/3-ways-to-improve-hospital-performance-management) | [[FierceHealthcare]] | ## Topic Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **McLean & Company**: Provides research and frameworks for modernizing performance management practices in organizations. - **Meta Platforms**: A technology company focusing on performance management improvements through workforce restructuring and AI investments. - **Meta**: A technology company focusing on AI and machine learning, emphasizing performance management through workforce optimization. - **IBM**: A major competitor in the Enterprise Performance Management market, providing solutions that help organizations manage performance metrics and compliance. - **Centrical**: A leader in workforce engagement management, known for its AI Performance Experience Platform that enhances employee engagement and productivity. - **Oracle Corporation**: Provider of cloud-based enterprise performance management solutions aimed at improving healthcare financial performance. - **Humaans**: An HR software company launching an AI-powered performance management module to enhance organizational performance. - **Adaptive Insights**: Focuses on cloud-based EPM solutions that enhance financial performance and operational efficiency. - **Oracle**: Offers comprehensive EPM solutions that integrate financial and operational data for better decision-making. - **SAP**: Provides EPM tools that support financial planning, analysis, and reporting for healthcare organizations. - **Envisio**: A strategic planning and performance management solution widely used in local government, helping organizations execute plans and build trust with communities. - **Pivot Point Consulting**: A managed IT services firm focusing on enhancing healthcare quality through digital transformation and performance management. - **Prophix**: Introduced Prophix One Intelligence, an AI engine integrated into its financial performance management platform to enhance productivity. - **Wolters Kluwer**: A global leader in professional information and software solutions, recognized for its Corporate Performance Management (CPM) and Environmental, Health, and Safety (EHS) solutions. - **OneStream**: A company providing financial performance management solutions, demonstrating resilience and growth amid economic uncertainties. - **Orlando Health**: Developed a clinically integrated network of healthcare providers, utilizing Value-Based Performance Management (VBPM) to enhance analytics and performance. - **Dresner Advisory Services**: A research firm providing insights into business intelligence and performance management, focusing on the collaboration between business and IT. - **insightsoftware**: A company enhancing enterprise performance management capabilities through strategic acquisitions. - **Amazon Web Services (AWS)**: A leading cloud platform that provides a wide range of services, including Application Performance Management (APM) tools essential for healthcare technology. ### Partnerships and Collaborations - **Strata Decision Technology**: Engaged with healthcare leaders to discuss advancements in performance management at the LIFT24 virtual summit. - **NHG and SAP**: Integration of SAP's HR platform with predictive analytics for enhanced workforce management. - **SolarWinds**: Engaging in collaborative initiatives to address evolving customer needs through a unified IT management platform. - **Ready Computing and Staten Island Performing Provider System (SI PPS)**: Collaboration to implement technology solutions in healthcare, particularly through the Channels360 platform. - **UCSF Health and Training Programs**: UCSF Health is actively investing in developing strong middle managers through a comprehensive training program. - **OnBalance and Wake Forest Athletics**: Collaborating to enhance mental healthcare management for student-athletes using innovative technology. - **Consero Global and Planful**: Partnered to enhance Financial Planning & Analysis (FP&A) and Reporting practices by integrating AI-driven solutions with finance transformation expertise. - **QuantSpark and Global SaaS Provider**: Collaboration to create a multi-phased BI roadmap for improved data integration and analytics. - **Allegheny Health Network**: Integrated a financial engagement platform to improve billing processes, enhancing financial performance and patient payment experiences. - **Avature and Major Companies**: Avature's onboarding technology has been instrumental for companies like Siemens and Deloitte, enhancing the experience for new hires. - **Deloitte and Hewlett Packard Enterprise**: Collaborating to offer Zora AI for Finance, aimed at transforming financial operations. - **ALIGNMT AI and HFMA**: Launched a micro-credentialing program to enhance AI governance skills among healthcare professionals, focusing on compliance and ethical considerations. - **SpendHQ**: Offers a Supplier Risk Management Masterclass to help companies strengthen their supply chain defenses. - **Orlando Health**: Utilizes a physician-led governance structure focusing on clinical pathways and data sharing among providers. - **Arcadia and CareJourney**: Acquisition to enhance value-based care analytics capabilities. - **Unilever**: Leveraging AI to streamline recruitment processes, improving candidate experience and reducing time-to-hire. - **Microsoft**: Introduced Dynamics 365 Copilot, enhancing operational efficiency in healthcare organizations through AI-driven tools. - **Holy Name Medical Center and Medicomp Systems**: Collaboration to develop a customized EHR system aimed at improving patient outcomes. - **Oura and Sparta Science**: Acquisition aimed at improving health analytics and population health management. - **IR and Healthcare Organizations**: IR's healthcare bundle features advanced troubleshooting capabilities to maintain high-quality performance for remote workers in healthcare. ### Innovations, Trends, and Initiatives - **Performance Management Standards**: Meta Platforms is raising performance management standards by implementing performance-based terminations. - **Performance Management Metrics**: Guidehouse's Jeff Bankowski implemented performance management metrics in Michigan, showcasing the importance of data-driven decision-making in public service. - **Human-Centric Performance Management**: McLean & Company emphasizes a three-step framework focusing on ongoing dialogue, psychological safety, and alignment of employee development with business objectives. - **Value-Based Performance Management (VBPM)**: Orlando Health employs VBPM to manage a large patient population effectively with limited resources. - **AI in Performance Management**: Organizations are increasingly integrating AI to enhance efficiency, streamline operations, and personalize employee experiences. - **Application Performance Management (APM)**: The market is growing due to the demand for real-time monitoring and cloud-based applications, essential for optimizing user experiences in healthcare. - **Corporate Performance Management (CPM) Market Growth**: Valued at approximately USD 6.32 billion in 2023, projected to grow at a CAGR of 6.3% to reach nearly USD 9.70 billion by 2030, driven by technological advancements. - **Performance Measurement Tools**: The ADAMS Centre will implement comprehensive performance measurement tools based on key performance indicators (KPIs) to monitor and improve hospital services. - **Cloud-Based EPM Solutions**: The shift towards cloud-based Enterprise Performance Management (EPM) solutions is gaining momentum due to their scalability and cost efficiency. - **AI and Machine Learning in EPM**: Integration of AI and machine learning into EPM systems is transforming performance management by improving forecasting and decision-making accuracy. - **Oracle's EPM Solution**: Oracle launched a planning solution for healthcare to enhance financial performance and patient care. - **Wolters Kluwer's TeamMate+ Enhancements**: Introduced features to improve internal audit processes, enhancing performance management in auditing. - **Data-Driven Decision Making**: Healthcare organizations are increasingly adopting data-driven approaches for workforce planning and performance management. - **Macorva's Call Scorecards**: AI-powered tool designed to enhance customer service quality through comprehensive performance evaluations. - **Mobile Applications**: Enhancing employee experiences by allowing effective management of schedules and training materials. - **RCMTAM**: A five-stage framework developed to evaluate operational performance and maturity of revenue cycle technology in healthcare organizations. - **Cloud Computing**: Increasing adoption in workforce management for scalability, accessibility, and process transparency. - **SENNA Platform**: Integrates traditional EPM tools with AI/ML technologies to provide predictive analytics and scenario simulation. - **Digital Transformation**: Healthcare organizations are increasingly adopting digital transformation strategies to enhance performance management and patient care. ### Challenges and Concerns - **Performance Management Strategies**: Organizations are re-evaluating performance management frameworks to better understand employee motivations and enhance motivation. - **Performance Management Effectiveness**: Despite 65% of HR professionals considering performance management critical, only 25% find their current systems effective, indicating a significant gap. - **Data Security**: Concerns regarding data security and privacy are significant barriers to the widespread adoption of performance management technologies. - **High Implementation Costs**: Challenges in the CPM market include high costs and resistance to change, which may hinder the adoption of performance management solutions. - **Integration Complexities**: Organizations face challenges in integrating new performance management technologies with existing systems. - **Compliance and Governance**: Organizations must navigate complex governance, risk, and compliance processes, which can hinder performance management efforts. - **Resistance to Change**: Organizations, especially small and medium-sized enterprises, face challenges in adopting new performance management systems due to resistance to change from traditional methods. - **Performance Measurement in Organ Donation**: The need for improved performance measurement and public trust in organ donation systems is highlighted, emphasizing the importance of evidence-based improvements. - **Job Security in Tech**: Ongoing layoffs in the tech sector raise concerns about job security, particularly in roles related to performance management. - **Employee Engagement Decline**: Gallup's report shows a drop in global employee engagement, particularly among managers, leading to substantial productivity losses. - **Economic Uncertainty**: The Zacks Computer Software industry faces challenges due to global macroeconomic uncertainty, impacting performance management systems. - **Staffing Challenges in Healthcare**: Healthcare organizations are experiencing staffing shortages, impacting performance management and patient care. - **Middle Management Layoffs**: Despite layoffs in middle management, their role remains crucial in driving innovation and navigating organizational change in healthcare. - **Balancing Short-term and Long-term Goals**: Businesses struggle to harmonize immediate revenue pursuits with sustainable long-term strategies. - **Employee Resistance**: Concerns regarding AI job displacement and the need for transparency in AI implementation within organizations. - **Succession Planning for CHROs**: A significant lack of internal talent development for Chief Human Resources Officers, with many coming from outside organizations. - **Regulatory Compliance**: Challenges related to software management and the need for standardization in eCOAs and other clinical trial technologies. - **Data Security and Compliance**: Organizations face challenges in managing sensitive employee data while ensuring compliance with regulatory requirements. - **Financial Pressures**: Healthcare providers are dealing with rising labor costs and pharmaceutical expenses, impacting their financial margins. - **Ethical Concerns in AI**: Issues such as potential biases in algorithms and privacy concerns related to personal data in HR processes. ## Related Topics [[Talent Management]]