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Reforming
Healthcare
PAUL YOUNG CPA CGA
SEPTEMBER 23, 2021
Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
Agenda
 Global Healthcare Ranking
 Healthcare spending per capita
 Most efficient healthcare
 Blog – Digital Healthcare
 IT Solutions
Introduction
 Healthcare is key area for government as it is
large government expenditures
 Too many people do not grasp there are issues
with healthcare delivery
Global
Healthcare
Spending
SOURCE - DELOITTE
Efficient Healthcare Country Ranking
Source - http://worldpopulationreview.com/countries/best-healthcare-in-the-world/
Best Healthcare
Source -
https://ceoworld.biz/2021/04/27/reve
aled-countries-with-the-best-health-
care-systems-2021/
Healthcare spending per Capita
Source - https://www.healthsystemtracker.org/chart-collection/health-spending-u-s-compare-countries/#item-
spendingcomparison_health-consumption-expenditures-per-capita-2019
Most Efficient
Healthcare
Source -
https://www.bloomberg.com
/news/articles/2020-12-
18/asia-trounces-u-s-in-
health-efficiency-index-
amid-pandemic
Canada – True Cost of Public Healthcare
Source – Fraser Institute
price-of-public-health
-care-insurance-2021.pdf
Canada and Private Health Insurance
Digital Healthcare
Blog - How virtual care will impact the trillion-dollar global healthcare market. https://www.linkedin.com/pulse/blog-
how-virtual-care-impact-trillion-dollar-global-paul-young/?published=t
Frost & Sullivan’s recent analysis finds that the emergence of the anytime-anywhere care concept with the COVID-19 outbreak has
transformed the healthcare sector worldwide, resulting in a surge in demand for digital health applications—especially telehealth and remote
patient monitoring.
Vendors’ need to redefine their visions and strategies to align with the new normal will be a key factor that will define the global healthcare
market in the coming years. In an optimistic scenario, the total healthcare market—pharmaceuticals and biotechnology, in-vitro diagnostics,
advanced medical technologies, medical imaging and informatics, and digital health—is estimated to hit over US$2.6 trillion by 2025,
growing at a compound annual growth rate of 6.3%.
As patients grow accustomed to digital healthcare, service providers will focus on building efficiencies and managing scalability issues for
the following growth opportunities:
 Real-world, data-supported approaches to increase the adoption of immuno-oncology (I-O) agents into the standard of care.
 Digital point-of-care testing (POCT) platforms for infectious disease testing.
 Artificial intelligence in imaging and virtual platforms in high-acuity care to optimize workflow and improve clinical outcomes.
 Expansion of telehealth services toward virtual care across the care continuum.
https://www.canadianmanufacturing.com/technology/how-virtual-care-will-impact-the-trillion-dollar-global-healthcare-market-268331/
Blog – Healthcare
Source - https://www.mckinsey.com/featured-insights/collections/how-prioritizing-health-can-help-people-
economies-and-businesses?cid=other-eml-alt-mip-mck&hdpid=e8964271-0093-422e-8c46-
cd977ea12981&hctky=11493232&hlkid=a774e1a8976d4a078406df70a8406fd5#
Healthcare needs to move towards a digital footprint to focus on the following areas:
1. Disease management
2. Efficient delivery of healthcare dollars
3. COVID19 showed how the world can get together as part of the drug discovery process. More work needs to
be done to with reducing the cost of drugs along with cutting down the time it takes for new drugs and
treatments to get to market.
4. The WHO needs to have performance audits including audits.
5. Both the private and public sector need to embrace risk and crisis management reporting -
https://www.slideshare.net/paulyoungcga/why-there-needs-to-be-audited-reports-of-crisis-emergency-
management-policies-and-procedures.
Pharmacare
Pharmacare would cost $20B+ year to
fund -
https://www.huffingtonpost.ca/entry/can
ada-pharmacare-ndp-liberals-
vote_ca_6036b086c5b60e3ed48b601f
Source -
https://www.slideshare.net/paulyoungcga/bi
otech-and-pharmaceutical-august-2021
https://data.oecd.org/healthres/pharmaceutical-
spending.htm
Public and Private Healthcare
Blog – Private Health Insurance Plans
a) Private Health Insurance Plans - https://www.sunlife.ca/en/explore-
products/insurance/health-insurance/personal-health-insurance/
b) Extension beyond basic coverage - https://www.surehealth.ca/pages/private-health-
plans.html
c) Delisting of services - https://www.getwellclinic.ca/announcements/140-delisted-from-
ohip
d) Healthcare systems - https://www.commonwealthfund.org/publications/fund-
reports/2021/aug/mirror-mirror-2021-reflecting-poorly
e) Single payer system -https://www.verywellhealth.com/difference-between-universal-
coverage-and-single-payer-system-1738546
IT Solutions
Here is my work on healthcare:
 Data, AI, and CloudPaks can help with management of applications, data sources, AI-modeling, etc. :
 Supply Chain and Analytics - https://ibm.box.com/s/63aqf8jo004v2bo5f8cf6eppgglhbvs5
 Sustainable Reporting - https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
 Continuous Intelligent Planning - https://newsroom.ibm.com/CIP-supply-chain
 Decision Optimization and Planning Analytics - https://www.youtube.com/watch?v=7ZYguYvluFI
 Cloudpaks - https://cloud.ibm.com/docs/openshift?topic=openshift-cs_uc_health
 Lifesciences - https://www.ibm.com/industries/lifesciences
 GRC, Security, and Data Governance - https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76
 Cloudpak for Data - https://cloud.ibm.com/docs/openshift?topic=openshift-cs_uc_health
Watson Assistant / Healthcare
Forecasting
Solution
Healthcare – Smarter Healthcare
Preventive Healthcare
Analytics and Healthcare
Healthcare
 The healthcare system is in crisis due to many factors
 Healthcare systems need to implement better crisis management policies and programs -
https://www.slideshare.net/paulyoungcga/establishing-best-practices-when-it-comes-to-managing-crisis-private-sector-and-public-
sector
 Cost of healthcare need to control through different options including procurement, co-pay, etc.
 Reforming all aspects of Government - https://www.slideshare.net/paulyoungcga/how-to-reform-the-public-sector-in-canada-and-around-
the-world
 United States - https://www.slideshare.net/paulyoungcga/fiscal-and-economic-management-state-and-local-government-united-states
 Transfers from the federal government - https://ca.news.yahoo.com/premiers-demands-long-term-health-090000854.html
 Waste within healthcare needs to be curb
 Healthcare needs to emphasis value for money including different ways to improve outcomes of the patient. -
https://www.slideshare.net/paulyoungcga/internal-audit-and-performance-base-auditing

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How to reform Global Healthcare

  • 1. Reforming Healthcare PAUL YOUNG CPA CGA SEPTEMBER 23, 2021
  • 2. Paul Young - Bio • CPA, CGA • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@hotmail.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga Twitter: https://twitter.com/paulyoungcpa Youtube - https://www.youtube.com/user/youngercga1968/videos
  • 3. Agenda  Global Healthcare Ranking  Healthcare spending per capita  Most efficient healthcare  Blog – Digital Healthcare  IT Solutions
  • 4. Introduction  Healthcare is key area for government as it is large government expenditures  Too many people do not grasp there are issues with healthcare delivery
  • 6. Efficient Healthcare Country Ranking Source - http://worldpopulationreview.com/countries/best-healthcare-in-the-world/
  • 8. Healthcare spending per Capita Source - https://www.healthsystemtracker.org/chart-collection/health-spending-u-s-compare-countries/#item- spendingcomparison_health-consumption-expenditures-per-capita-2019
  • 10. Canada – True Cost of Public Healthcare Source – Fraser Institute price-of-public-health -care-insurance-2021.pdf
  • 11. Canada and Private Health Insurance
  • 12. Digital Healthcare Blog - How virtual care will impact the trillion-dollar global healthcare market. https://www.linkedin.com/pulse/blog- how-virtual-care-impact-trillion-dollar-global-paul-young/?published=t Frost & Sullivan’s recent analysis finds that the emergence of the anytime-anywhere care concept with the COVID-19 outbreak has transformed the healthcare sector worldwide, resulting in a surge in demand for digital health applications—especially telehealth and remote patient monitoring. Vendors’ need to redefine their visions and strategies to align with the new normal will be a key factor that will define the global healthcare market in the coming years. In an optimistic scenario, the total healthcare market—pharmaceuticals and biotechnology, in-vitro diagnostics, advanced medical technologies, medical imaging and informatics, and digital health—is estimated to hit over US$2.6 trillion by 2025, growing at a compound annual growth rate of 6.3%. As patients grow accustomed to digital healthcare, service providers will focus on building efficiencies and managing scalability issues for the following growth opportunities:  Real-world, data-supported approaches to increase the adoption of immuno-oncology (I-O) agents into the standard of care.  Digital point-of-care testing (POCT) platforms for infectious disease testing.  Artificial intelligence in imaging and virtual platforms in high-acuity care to optimize workflow and improve clinical outcomes.  Expansion of telehealth services toward virtual care across the care continuum. https://www.canadianmanufacturing.com/technology/how-virtual-care-will-impact-the-trillion-dollar-global-healthcare-market-268331/
  • 13. Blog – Healthcare Source - https://www.mckinsey.com/featured-insights/collections/how-prioritizing-health-can-help-people- economies-and-businesses?cid=other-eml-alt-mip-mck&hdpid=e8964271-0093-422e-8c46- cd977ea12981&hctky=11493232&hlkid=a774e1a8976d4a078406df70a8406fd5# Healthcare needs to move towards a digital footprint to focus on the following areas: 1. Disease management 2. Efficient delivery of healthcare dollars 3. COVID19 showed how the world can get together as part of the drug discovery process. More work needs to be done to with reducing the cost of drugs along with cutting down the time it takes for new drugs and treatments to get to market. 4. The WHO needs to have performance audits including audits. 5. Both the private and public sector need to embrace risk and crisis management reporting - https://www.slideshare.net/paulyoungcga/why-there-needs-to-be-audited-reports-of-crisis-emergency- management-policies-and-procedures.
  • 14. Pharmacare Pharmacare would cost $20B+ year to fund - https://www.huffingtonpost.ca/entry/can ada-pharmacare-ndp-liberals- vote_ca_6036b086c5b60e3ed48b601f Source - https://www.slideshare.net/paulyoungcga/bi otech-and-pharmaceutical-august-2021 https://data.oecd.org/healthres/pharmaceutical- spending.htm
  • 15. Public and Private Healthcare Blog – Private Health Insurance Plans a) Private Health Insurance Plans - https://www.sunlife.ca/en/explore- products/insurance/health-insurance/personal-health-insurance/ b) Extension beyond basic coverage - https://www.surehealth.ca/pages/private-health- plans.html c) Delisting of services - https://www.getwellclinic.ca/announcements/140-delisted-from- ohip d) Healthcare systems - https://www.commonwealthfund.org/publications/fund- reports/2021/aug/mirror-mirror-2021-reflecting-poorly e) Single payer system -https://www.verywellhealth.com/difference-between-universal- coverage-and-single-payer-system-1738546
  • 16. IT Solutions Here is my work on healthcare:  Data, AI, and CloudPaks can help with management of applications, data sources, AI-modeling, etc. :  Supply Chain and Analytics - https://ibm.box.com/s/63aqf8jo004v2bo5f8cf6eppgglhbvs5  Sustainable Reporting - https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce  Continuous Intelligent Planning - https://newsroom.ibm.com/CIP-supply-chain  Decision Optimization and Planning Analytics - https://www.youtube.com/watch?v=7ZYguYvluFI  Cloudpaks - https://cloud.ibm.com/docs/openshift?topic=openshift-cs_uc_health  Lifesciences - https://www.ibm.com/industries/lifesciences  GRC, Security, and Data Governance - https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76  Cloudpak for Data - https://cloud.ibm.com/docs/openshift?topic=openshift-cs_uc_health
  • 17. Watson Assistant / Healthcare
  • 22. Healthcare  The healthcare system is in crisis due to many factors  Healthcare systems need to implement better crisis management policies and programs - https://www.slideshare.net/paulyoungcga/establishing-best-practices-when-it-comes-to-managing-crisis-private-sector-and-public- sector  Cost of healthcare need to control through different options including procurement, co-pay, etc.  Reforming all aspects of Government - https://www.slideshare.net/paulyoungcga/how-to-reform-the-public-sector-in-canada-and-around- the-world  United States - https://www.slideshare.net/paulyoungcga/fiscal-and-economic-management-state-and-local-government-united-states  Transfers from the federal government - https://ca.news.yahoo.com/premiers-demands-long-term-health-090000854.html  Waste within healthcare needs to be curb  Healthcare needs to emphasis value for money including different ways to improve outcomes of the patient. - https://www.slideshare.net/paulyoungcga/internal-audit-and-performance-base-auditing

Editor's Notes

  1. Source - https://data.oecd.org/healthres/health-spending.htm