Leaders Roundtable: Do You Have the Right Collaborative Healthcare Strategy?

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Leaders Roundtable: Do You Have the Right Collaborative Healthcare Strategy?

The healthcare industry has undergone a significant transformation amidst the crises of the past few years.

With rapid technology adoption, changes in business processes, and shifts in the mindset of clinicians, administrative staff, and patients, the priorities of healthcare providers have evolved. In the past year, organisations have shifted their focus towards implementing innovative measures to improve systemic efficiency, reducing costs to manage resource sprawl, and enhancing employee experience to improve retention rates.

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As virtual care becomes increasingly mainstream, the healthcare system is poised to realise the benefits of a collaborative healthcare model. Collaborative care has emerged as a key enabler for achieving the top business priorities in healthcare.

What collaborative care strategy works best? Has your organisation adopted hybrid care – in-person consultations supplemented by virtual care? What will make patients adopt virtual visits? With the proliferation of technology, how can you make it easier for clinicians and administrators to access the right technology to provide better care?

Join me and your industry peers for this Executive Leaders discussion where we will discuss the biggest challenges facing healthcare delivery today; how patient and employee expectations are shaping the future of healthcare; and the need to keep virtual visits simple and seamless.

Ecosystm Podcast Episode 23-The Path to a Collaborative, Empowered & Resilient Workforce: Featuring Zoom and Grab

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Collaboration 2.0: What Does It Mean For Your Business and How Does It Improve Productivity

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Leaders Roundtable: Collaboration 2.0: What Does It Mean For Your Business and How Does It Improve Productivity?

As AI and Automation technologies further redefine the role of information workers, the importance of creativity, flexibility and teamwork will only increase.

Working styles and business workplaces continue to evolve – after a few years of bedding down the “post-COVID modern workplace” industry leaders are now looking to evolve their working environments and related technology and processes to support their employees in a tightening economy.

As organisations tighten budgets and curtail travel, employees are once again looking towards collaboration tools to drive their productivity and improve teamwork. But this time, the pressure to innovate and transform has heightened – with more stakeholders across more partners and locations helping to drive your business forward.

Ecosystm research finds that in Australia:

  • Employee experience (EX) is the second most important business priority behind digital transformation, with nearly 40% of businesses looking to dramatically improve their EX
  • To drive this change, 58% of businesses plan to increase their investments in Digital Workplace platforms and tools – the highest increase of any technology area
  • Our worker wants more flexibility – with only 11% preferring the traditional 9-5 working hours

Join us and your industry peers for a discussion on what you should be focusing on, as you are tasked with refreshing your digital workplace for the new challenges ahead. The discussion will cover:

  • What are the digital workplace challenges business are facing, and how are businesses in Australia responding to these challenges?
  • How leading businesses are empowering their teams to improve their collaboration?
  • How your teams can continue to transform the business in a resource-restrained environment?

Leaders Roundtable: Process Automation Needs Workflow Redesign

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Leaders Roundtable: Process Automation Needs Workflow Redesign

Do organisations run the risk of delivering poor experiences?

We live in a world of hyperpersonalisation. Every successful organisation today is focused on delivering optimal experiences to its customers and employees – and are constantly evolving them as expectations shift.

While organisations invest in technologies for better experiences and process automation, they often do not pay enough attention to workflows. Process automation to deliver better experiences and efficiencies require agile and reliable workflows that are designed keeping on business value and financial benefits in mind.

Why should you focus on redesigning workflows?

  • To meet the expectations of your contemporary, highly evolved customers
  • To address your biggest employee challenges of delivering frictionless experiences and processes
  • To ensure that your organisation remains agile in the face of constant change

What does a workflow redesign process look like? Which are the workflows that you should prioritise?  How do you support the workflow redesign with the right steps to upskill and reskill your employees?  What role does technology play in a seamless workflow redesign?

Join me and your industry peers for this Executive Leaders discussion where we will discuss how you can deliver excellent customer and employee experiences, process efficiency and cost optimisation through a re-evaluation of your existing business workflows.

Leaders Roundtable: The Need for a Collaborative Healthcare Strategy

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Leaders Roundtable: The Need for a Collaborative Healthcare Strategy: Why you must focus on ease and efficiency

Healthcare has emerged as a transformed industry through all the crisis over the last few years.

It has seen rapid tech adoption, shifts in business processes and changes in the mindset of the clinicians, administrative staff, and patients.

The most overwhelming impact on the industry has been the widespread acceptance of virtual care/ telehealth. In Australia, between March 2020 and February 2022, nearly 96 million telehealth services were delivered to almost 17 million patients; and more than 91,000 clinicians used telehealth services, according to the Australian Digital Health Agency. With virtual care increasingly becoming mainstream the healthcare system is on the verge of realising the benefits of a collaborative healthcare model.

Collaborative Healthcare Helps Providers Achieve their key objectives

Have you as a healthcare business or as a clinician adopted virtual care? What are the challenges that you continue to face when delivering care remotely? How can you improve patient experience when delivering healthcare using a hybrid model – in-person consultations supplemented by virtual visits?

Join us and your industry peers for this Executive Leaders discussion where we will discuss the biggest challenges facing healthcare delivery today; how patient and employee expectations are shaping the future of healthcare; and the need to keep virtual visits simple and seamless.

Zoom Joins the Contact Centre Fray with Five9 Acquisition

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An Update (1 October 2021): This acquisition did not go through even after the boards of directors of both companies had approved it. It was voted down by Five9 shareholders, citing growth and valuation concerns. This is an unusual example of an acquisition not going through because of unwillingness of one of the companies. In recent times, regulators have stopped some acquisitions. Incidentally, there were some concerns raised by the by Federal Communications Commission (FCC) as Zoom is based in US. but has product development operations in China.

The partnership arrangement between the two companies will continue including support for integrations between their respective Unified Communications as a Service (UCaaS) and Contact Centre as a Service (CCaaS) solutions and joint go-to-market initiatives.

Zoom has announced their intention to acquire cloud contact centre service provider Five9 in an all-stock deal for about USD 14.7 Billion. This is Zoom’s largest-ever acquisition as the communications platform continues to expand their services and launch new products. The deal is expected to be completed in the first half of 2022 and Five9 will be an operating unit of Zoom.

The last year has seen Zoom scaling up their product offerings, including cloud calling solution – Zoom Phone, conference hosting solution – Zoom Rooms, and applications and productivity tools – Zoom Apps and Zoom Marketplace. Zoom also acquired real-time translation startup Kites GmbH to offer multi-language translation capabilities, and Keybase – a secure messaging and file-sharing service to build end-to-end encryption for its video conferencing platform.

Ecosystm Analysts share their thoughts on Zoom’s strategy and roadmap, how Five9 will augment Zoom’s capabilities, and the impact the acquisition will have on Zoom’s competitors and the market.

Why Contact Centre?

Ecosystm Principal Advisor Tim Sheedy says, “Zoom is moving beyond its period of ‘organic hypergrowth’ brought on by the pandemic. While the paying customer base for their core video collaboration service will continue to grow, growth rates are likely to begin to track the market. To grow beyond market rates, Zoom needs to move into new markets – through product development or acquisition.”

Talking about the importance of voice services, Sheedy adds, “Voice services are an obvious adjacent market to help drive growth, and Zoom already has seen some success with their Zoom phone service and associated devices – in fact, they already have 1.5 million users. The Five9 acquisition gives the company a stronger and deeper capability in the voice sector; buying them a significant chunk of the voice services in business – the contact centre. In many businesses, the contact centre already accounts for over 50% of their voice minute usage, so winning this space will go a long way towards winning the overall voice and collaboration supplier in enterprises.”

Ecosystm Principal Advisor Audrey William predicts exciting times ahead for Zoom. “With Zoom already having a platform for video, then bringing voice into that equation and now a contact centre solution, makes them take on their competitors in an all-native cloud stack. There is a still a large installed base of on-prem UC customers and with Zoom seeing success with Zoom phones in the short time frame since its launch, this is where this will get exciting for Zoom. The telephony piece is still important in the race to simplify how we work, communicate, and collaborate today. It is that same voice/telephony discussion that can lead to a routing discussion, which then leads to a contact centre discussion.”  

Ecosystm research shows that 54% of organisations are challenged in their customer experience delivery because of integration issues between multiple platforms. William sees this as an opportunity for Zoom. “The use cases to integrate workflows into the video environment is going to be important for Zoom. Video is now being used to solve customer service issues like letting the agents take over the screen to see how to help solve the customer problem immediately by using video and contact centre applications. The ability to bring this natively together will be very powerful. Zoom is investing heavily into apps and working to partner with ISVs who can develop workflows suitable for easy customer communication in specific industries such as Healthcare and Financial Services.”

Why Five9?

Five9 is considered a pioneer in cloud contact centre solutions and owns a comprehensive suite of applications for contact centre delivery and customer management operations across different channels. Five9 has made several acquisitions and enhancements to their CCaaS solution in recent years to make their stack more complete with richer AI offerings. They include Inference Solutions to offer their customers a Conversational AI solution and Whendu’s iPaaS platform which provides a no-code, visual application workflow tool.

William says, “More contact centres want to do away with monolithic IVR systems that confuse customers with too many long menus. The Agent Assist solutions are also gaining importance especially in the hybrid work model where agents face challenges working in isolation and not being on a floor with their colleagues and managers.”  

Five9 has acquired a cloud workforce optimisation provider Virtual Observer. “So, we are not looking at just a basic level contact centre solution but an offering with important capabilities demanded by customers,” says William. “During the investor call this week, Zoom’s Eric Yuan and Rowan Trollope made it clear that they have been listening to customer feedback on how effective it would be to have a single platform that can accommodate UC and contact centres in the cloud. Zoom also sees Five9 as a good fit culturally; and their goal now will be to disrupt all legacy systems with cloud-native communications.”

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What lies ahead?

William thinks that Zoom’s competitors will be watching this integration closely, especially those that lack an all-in-one native cloud UCaaS and CCaaS stack. “However, some of Zoom’s competitors have an established base of large enterprise customers and have done well to grow revenues and defend their base over the years. Working with in-country partners and ISVs will be critical for Zoom’s growth across regions.”

Sheedy thinks that the most important takeaway from this acquisition is not that Zoom is moving into the contact centre space. “It is that Zoom realises they have a “once in a generation” opportunity to grow beyond their core and cement their position as a supplier of collaboration and communication services – and that they are willing to flex their balance sheet and share price to create their future. The competition – from Microsoft in particular – will be strong. Google, AWS, Salesforce, and Facebook are also making a play for this market. Zoom has found themselves in their current position of strength due to good luck and good timing – and they appear to be telling the market that they aren’t going to give up their leadership without a significant battle.”

“Enterprises will be the true winners in this battle – with better, more integrated, lower cost and easier to implement communications and collaboration solutions for their employees and customers,” adds Sheedy.

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