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TechTalks | Digital Transformation in Healthcare: Opportunities and Trends

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Of all the industries out there, healthcare has perhaps the most to gain from digital transformation. Technology can decrease wait times, reduce medical errors and increase collaboration across providers — all of which helps people find their way to better health and healthcare businesses achieve a better bottom line.

The problem is, healthcare has struggled more than pretty much any other industry out there to keep up with the times. Why is that? How do we buck the trend and begin to embrace the tremendous opportunity of digital transformation in healthcare? And who out there is already doing it really, really well?

RMCSoft and Advent Coworking brought together a panel of experts to dig into all of that at their TechTalks event on Tuesday, Jan. 22.

This fascinating conversation highlighted not only the challenges facing health care in the digital age, but also ideas and vision for a path forward.

About TechTalks: TechTalks series is a chance for you to improve your knowledge regarding new technology and technology-related issues. Brought by RMCSoft and Advent Coworking, TechTalks target tech startups as well as all other companies utilizing software & digital products in their day-to-day operations.

We cover a wide variety of tech-related topics, offer valuable insights on the best practices, discuss the most common issues, review the tech trends and provide plenty of opportunities to enhance your tech knowledge.

For more information, please write back to us at info@rmcsoft.com

Published in: Healthcare
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TechTalks | Digital Transformation in Healthcare: Opportunities and Trends

  1. 1. Digital Transformation in Health Care Opportunities & Trends presenting:
  2. 2. Thank you! … and everyone else who helped this event happen! We Would Like to Thank:
  3. 3. Proprietary & Confidential. © 2018 Business of Healthcare3 Prior experience Senior Vice President, Mercy Virtual Mercy (St. Louis) Vice President, Sales & Marketing; Acting CEO Advanced Practice Strategies (buyer: Relias Learning) Vice President & General Manager Healthcare Business of Thomson Reuters (buyer: IBM) Director of Sales & Consulting APACHE Medical Systems (buyer: Cerner) Early Career: 1 IPO, 1 liquidation, 1 spin-off, 2 debt financings Matthew E. Hanis Founder & Executive Producer Business of Healthcare
  4. 4. Proprietary & Confidential. © 2018 Business of Healthcare4 BOHSeries.com Healthcare Mission & Margin Watch, Read, Listen
  5. 5. Proprietary & Confidential. © 2018 Business of Healthcare 5 Audience: 19,000 Decision Makers ~ 16% of healthcare
  6. 6. Proprietary & Confidential. © 2018 Business of Healthcare6 U.S. Healthcare: $3.8 trillion segment (estimated 2018) Sellers Buyers
  7. 7. 7
  8. 8. Study Group: 300 patients • 2 or more chronic conditions • 6+ ambulance & acute visits per year • Medicaid or Dual Eligible Goal: Reduce ED Transport & Acute Admits 300 * 6 * $25,000 = $45 million medical spend
  9. 9. Digital Transformation Example: Mercy Virtual Health System Operating Unit Revenue: $325 million EBITDA: $113 million Profit: $10 million Study Group 300 * 6 * $25,000 = $45 million REVENUE $15 million EBITDA Outcomes Overall Profitability: $10 M to -$5 M 12 FTEs cut ‘Free Care’ Reduced Project Cut New project: Fee-for-Value Contracting
  10. 10. 10
  11. 11. Please meet the experts:
  12. 12. Lisa Tweardy lisa@unyq.com 609.304.1617
  13. 13. The Innovation Engine accelerates the transformation of Atrium Health by... Employing human-centered design methods to inform strategy and approach. Leading business model innovation to develop new models of care. Forming strategic partnerships with tech startups, Fortune 500 companies and other health systems to build and test solutions. Generating alternative revenue sources by commercializing solutions outside our System. michael.johnson@atriumhealth.org
  14. 14. Dr. Waseem Ghannam MD MBA MHSA CEO and Co-Founder Ghannam@telehealthsolution.com 704-726-1587 Creating a new standard of care to optimize matching healthcare service Supply & Demand
  15. 15. Access to Care According to WHO, nearly 400 million do not have access to essential health care Cost Cost reduction by having physician access at a lower rate, avoiding ED visits, and hospital readmissions Physician Shortage According to AAMC, physician shortage expected to reach 100k by 2030 Readmission Penalties Avoid penalties by reducing CMS Mandated 30-Day readmissions 21Confidential and Proprietary. Copyright (c) by TeleHealth Solution. All Rights Reserved. The Problem The Solution • Physician Access: Multi-Specialty Physicians on call across the continuum of care. • Ease of Client Use: Call Center & Reporting Application • Technology Powered By AMD Global: Telemedicine technology that puts our physicians bedside virtually.
  16. 16. 22Confidential and Proprietary. Copyright (c) by TeleHealth Solution. All Rights Reserved. Rural HealthCare Deserts
  17. 17. 23Confidential and Proprietary. Copyright (c) by TeleHealth Solution. All Rights Reserved. ** (https://www.beckershospitalreview.com/healthcare-information-technology/telemedicine-to-attract-7m-patient-users-by-2018-12-statistics-on-the-thriving-market.html)
  18. 18. 24Confidential and Proprietary. Copyright (c) by TeleHealth Solution. All Rights Reserved.
  19. 19. End Of Speaker Slides
  20. 20. Questions & Answers
  21. 21. March, 2019 IoT 101: Opening a New World of Possibilities Through Data Join us @ our Next Event:

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