■ Business Forecast
■ Business Forecast
Studies show that college graduates earn significantly more over their lifetimes than non-graduates .
staff . What used to take a dozen clicks will now be done with a single click . Facial recognition technology is allowing for the proper management of unstructured data . A patient ’ s office visit will no longer involve sitting with a doctor during an appointment and watching the doctor perform data entry . The entire visit can be recorded and the AI system will be able to recreate the encounter , route the prescriptions , and direct the staff to schedule procedures or other orders . The delivery of health care is finally catching up with the rest of industry by finding ways for AI to not replace employees , but to make their work more efficient . In a time when we are faced with a shortage of employees in general , AI has the potential to revolutionize the practice of medicine .
Holy Name Medical Center Michael Maron President and CEO
Holy Name is leveraging the power of machine learning and software architecture development and design to revolutionize the patient and provider experience . We are designing operational modules for Electronic Medical Records ( EMR ) that incorporate machine learning and the eventual integration of AI . This approach allows us to transform clinical decision-making and will ultimately enhance patient care .
As we pioneer the next generation of healthcare technology , we also remain at the forefront of training the next generation of physicians , which is critical as the state faces a worsening doctor shortage . We recently attained initial accreditation for our new graduate medical education program from the
Accreditation Council for Graduate Medical Education and will train 90 physicians a year across eight clinical specialties .
Rutgers Cancer Institute of New Jersey Steven K . Libutti , MD , FACS , Director and Senior VP , Oncology Services , RWJBarnabas Health .
As part of our ongoing investment of oncology services , Rutgers Cancer Institute of New Jersey and RWJBarnabas Health are preparing to open the Jack and Sheryl Morris Cancer Center , the state ’ s first freestanding cancer hospital , in early 2025 .
A component of this is our participation in a workforce partnership with Middlesex County to meet the future workforce needs of the new center and create educational pathways . As the state ’ s only National Cancer Institute-designated Comprehensive Cancer Center , it is important that we provide opportunities to train the next generation workforce to bring the highest level of cancer care to patients .
Saint Peter ’ s Healthcare System Leslie D . Hirsch , FACHE President and CEO
Exploring a strategic partnership to preserve Saint Peter ’ s Catholic mission and ensure our longterm success remains a priority , as does our continued focus on clinical excellence and service . We anticipate the launch of a major expansion and modernization of our adult and pediatric intensive care units and the completion of Saint
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Peter ’ s Family Health Center ’ s expansion to enhance access to care , especially for those most vulnerable . AI-enabled methodologies will help us identify patients at risk for extended stays or readmission within 30 days , as well as identifying patients with high-risk social determinants of health needs to help reduce their impact on individual health and well-being .
Valley Health System Audrey Meyers President and CEO
“ In 2024 , The Valley Hospital will be relocating to Paramus and will serve as the anchor of a 40-acre health and wellness campus . Adjacent to the new hospital is the Luckow Pavilion , home to Valley-Mount Sinai Comprehensive Cancer Care , along with our medical arts building at 140 East Ridgewood Avenue . The new “ smart hospital ” has been designed to optimize the delivery of patient care using leading-edge technologies , while enhancing the experience of our patients and their families . Valley ’ s state-of-the-art campus in Paramus will be a healthcare destination for generations to come .”
HIGHER EDUCATION
Bergen Community College Dr . Eric M . Friedman President
At Bergen Community College , we foresee a continuation of the “ flexibility trend ” of students taking mixed modalities of schedules . Three quarters of our students are taking some sort of mix of hybrid , on-ground and online courses . We are also experiencing strong growth in our business division , our health professions departments , and information technology , especially cyber-security . Our program that supports Bergen County ’ s small businesses is experiencing exponential growth .
Centenary University Dale Caldwell , Ed . D President
One of the challenges that higher education continues to face is a very public campaign against college . There are people , even celebrities , who say that tuition isn ’ t worth it . However , studies show that college graduates have greater employment opportunities and earn significantly more over their lifetime . At the same time , many students face financial challenges and drop out before com-
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