Many companies are known to cut a department’s budget the following year if funds go unused. Similarly, those departments that are able to ear mark where all funds were spent, often have the opportunity for an increased budget the following year. It is worth it to take a timely but thoughtful look at what you have remaining and where you can get the most traction.
The healthcare industry is being revolutionized by technological advancements specifically, the Internet of Medical Things (IoMT). IoMT is the connected infrastructure of devices, software, hardware and services to process and analyze data for decision making by both patients and healthcare professionals.