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Hosted by the Cleveland Clinic
By A. Schreiber
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Some of the nation’s leading healthcare executives examine recent policy impacts, cost reduction strategies, medical innovation funding and the overall health of medical research and innovation in the U.S. in this video from the 2016 Medical Innovation Summit hosted by Cleveland Clinic.
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Conclusion
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- FINANCE: Financial Planning for Physicians and Advisors
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Filed under: Information Technology, Videos | Tagged: 2016 Medical Innovation Summit, A. Schreiber, Cleveland Clinic |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Black Book: 9 Up and Coming Healthcare Trends
1. Technology Budgets Stagnate, Purchases through Q2 largely will be based on current business need.
2. Electronic Data Warehouses (EDW) move to the top of short term priorities.
3. Renewed and upgraded Enterprise Resource Planning Systems (ERP) swings back into importance, now for Value Based Care Costing.
4. Financially stable, regional IDNs are spending big dollars toward extended connectivity while the rest of the pack looks on.
5. Providers keep watch and wait for Large Scale Healthcare Cyber Attacks before forming a Better Defense.
6. Hype around the Cloud quiets down as it becomes the primary way to build enterprise architecture.
7. Focus on Front End and Middle Office Business Office Functions & RCM Outsourcing intensifies.
8. Skilled hospital tech staff recruitment is even more challenging.
9. Interest in Precision Medicine initiatives continue but few have commitments to buy for first half of the New Year.
Source: Digital Journal
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Cleveland Clinic: Top 10 Medical Innovations For 2019
1. Alternative therapies for pain management
2. The Advent of AI in Healthcare
3. Expanded Window for Acute Stroke Intervention
4. Advances in Immunotherapy for Cancer Treatment
5. Patient-Specific Products Achieved with 3D Printing
6. Virtual and Mixed Reality for Medical Education
7. Visor for Prehospital Stroke Diagnosis
8. Innovation in Robotic Surgery
9. Mitral and Tricuspid Valve Percutaneous Replacement and Repair
10. RNA-Based Therapies
Source: Cleveland Clinic
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INNOVATION 2019
Healthcare’s ‘innovation index’ is off the charts. The variety and velocity of innovation sweeping across the healthcare landscape is unprecedented. Often categorized under ‘digital health’ with companies or solutions labeled HlthTech, MedTech, FinTech or InsurTech, we are seeking a broad range of innovative approaches to: reduce health expenditures, improve quality of life, introduce infrastructure efficiencies, increase individual productivity, manage chronic conditions, and extend life expectancy.
Both startups and established companies alike are seeking to leverage technology to empower consumers. Investment in digital health startups surged in 2018, hitting $6.8 billion by the end of the third quarter, already surpassing 2017’s yearlong total of $5.7 billion. Innovators are breaking down barriers with wearables, blockchain, artificial intelligence/AI, ‘Big Data’, Internet of Things, augmented and virtual reality, voice technology, and precision medicine.
Consumers are adopting and using technology to take ownership of their health, making it easier to self-diagnose a condition or symptom, change a health habit or behavior to reach a goal, enable compliance with a course of treatment, and interact with their community of care providers. They’re seeing the value of ‘innovation with a purpose’ – solutions that empower, inform, instruct, track, guide, or remind healthcare consumers.
For healthcare companies, innovation isn’t just a substitute for a brand narrative or value proposition, it’s a means to an end. Led by entrepreneurs and risk-takers these companies are making stunning advances in cancer, diabetes, Alzheimer’s, population health, and wellness. Simply stating ’we are an innovative company’ won’t cut it. The storyline has to read…we are an innovative company that delivers value to our customers, improves health outcomes and does it in a way that changes the way health care is delivered.
Lindsey R. Resnick
[Strategist – Wunderman Health]
via Ann Miller RN MHA
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