Some of the Points Tom and Craig Discussed

EHR Implementation

• There is $19 billion in the stimulus set aside for healthcare IT, including electronic health records. And there is incentive for hospitals and doctors and healthcare management facilities to act sooner rather than later, as the money available to modernize their systems diminishes over time.
• These systems can make our healthcare faster and more accurate, leading to better outcomes for patients. The way, for instance, hospitals will stay competitive is through these upgrades that simply lead to better efficiency, while at the same time attracting the best young doctors who want to work in a leading-edge environment.

Mergers & Acquisitions

• Particularly for banks, there is a huge cost savings for doing an M&A right with regard to IT – you can better streamline operations limiting any disruption in your systems
• If an M&A is executed poorly and the systems have a lot of down time or dysfunction, there can be a huge loss of customers.
• When Wachovia acquired Core States, it was bumpy ride – systems were disrupted, and customers left the bank in droves.

About Tom Pettibone

Tom is a senior executive with more than 25 years of experience in Information Technology line-management and management consulting. He's an expert in achieving IT turnarounds in small and large companies, aligning IT and business strategy, implementing IT for new business capability and achieving bottom-line improvement. Clients include Aramark, Bates Advertising, GE Capital, Hilton Hotels, IEEE, Ingersoll Rand, New School University, Saatchi & Saatchi and U.S. Tennis Association. Tom served as SVP and CIO at Philip Morris, New York Life, Richardson Vicks (Procter & Gamble), Emery Airfreight and BMW.

Tom holds an MBA from The Wharton School and BS in Mechanical Engineering from Drexel University. He's past Chairman of the New York Chapter of the Society of Information Management and former Director of SIM International. He's contributing author to Chief Executive magazine; past member of The Research Board and The Conference Board; and Advisory Board Member of Norwalk Community College.

About Transition Partners

Transition Partners is a national management consultancy regarded by senior executives as trusted advisors to effectively and efficiently solve strategic, management and operational problems in Information Technology and Business Processes. The company offers end-to-end IT consulting capabilities across strategy, performance assessment, management and implementation leadership. Transition Partners is proud to be recognized by industry leaders and clients as a preeminent firm to tackle and solve tough IT issues.