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HIMSS International Conference Presentation, March 07, 2018


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Paddy Padmanabhan discusses the forces unlocking healthcare data ( and those that restrain it)

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HIMSS International Conference Presentation, March 07, 2018

  1. 1. @paddypadmanabhaThe forces unlocking healthcare data (and those that restrain it) Paddy Padmanabhan CEO, Damo Consulting Inc
  2. 2. 2 @paddypadmanabha
  3. 3. 3 Healthcare in the U.S – basic facts @paddypadmanabha • Public-private markets, employer-based health insurance • Highest per capita costs in the world : $ 10,500 (OECD average $ 3200) • Highly fragmented : over 5500 hospitals • Uncertain policy environment: future of individual markets, Medicare, Medicaid funding • Healthcare IT spend growing : data, analytics, digital health
  4. 4. 4 The Big Unlock @paddypadmanabha • The Big Unlock refers to the massive opportunity unfolding in healthcare from the digitization of patient medical records and the emerging tsunami of data from a wide range of medical and non- medical sources, especially unstructured data such as text and speech. Collectively, these data will enable the unlocking of insights for improving the quality of care, reducing costs, and creating new sources of value for healthcare providers, consumers, and technology firms.
  5. 5. 5 @paddypadmanabha The forces driving the Big Unlock • Shift to value-based care • Population health management • Healthcare consumerism • Digital transformation and digital health • Emerging data sources ( IoT, Genomics, Social determinants) • Cloud computing • Cognitive and AI • Blockchain
  6. 6. 6 …and the forces restraining it @paddypadmanabha • Enterprise readiness: IT infrastructure, funding, appetite for risk • Security and privacy : HIPAA, ransomware • Data quality, data interoperability We are at the cusp of an unprecedented opportunity to transform healthcare by unlocking data and using advanced analytics.. Ed Marx, CIO Cleveland Clinic
  7. 7. Thank you! Paddy Padmanabhan CEO, Damo Consulting Inc @paddypadmanabha