Innovation in Connected Healthcare by Summer Knight MD at Inform[ED] Connected Healthcare

1
© 2017 All Rights Reserved
“Innovation in
Connected Healthcare”
Summer Knight, MD, MBA
Managing Partner
Firecracker International

3
Getting to Total Addressible Market
• Story to Humanize Healthcare
• Lexicon of Connected versus Virtual Health
• Opportunities for Cable
• A specific Use Case

4
Hi!
Nikolas
My name is

7
This is Nikolas’ mom

8
Slide:
Illustration: Nikolas in the car with friend pulling up to clinic
This is to illustrate that it takes a village
It takes a village

9
Slide:
Illustration: Nikolas taking chemo at home, devices, and Mom
and Doctor video chatting.

10

11
This is Nik & His Mom

12
• Makes health caring, accessible, flexible, efficient and
affordable for individuals and their families – the end
customers
• Restores the human connection in healthcare
• Shares information with patients and their caregivers
when it is actionable
• Acknowledges a person's social and emotional needs in
addition to addressing their medical condition
• Creates healing environments to achieve healthfulness
even for those afflicted with a chronic condition
• Connects data to the human story
Humanizing Healthcare
Humanizing healthcare means hardwiring humanity at every point of care.
Engages and empowers
the individual and their
family as part of the
healthcare team
12

13
Problem/Opportunity
Lack of Integration,
Coordination & Information
sharing among Stakeholders
• Healthcare system
• Patient-consumers
• Family
• Primary caregivers
• Home
• Community
• Employers

Critical to support the growing
aging population and epidemic of
individuals with Chronic Conditions
and Disabilities.
13

14
So what exactly is
CONNECTED HEALTH ?

15
Remote
Communication
Diagnosis
Treatment
Monitoring
Remote
Communication
Virtual
Healthcare
What we are doing

16
Cost effective
Enhances access
Is convenient
Virtual
Healthcare
What we are doing

17
Connected Health
How we do itConnected
Health
How we do it

18
Virtual Healthcare
Consumer Engagement &
Activation
Care Triage, Care
Coordination, & Care
Management
Digital Health Support
18

19
Consumer Engagement and Activation Platform
19

20
Care Delivery Transformation Consumer
Engagement
Care Triage, Care Coordination
and Care Management
Telemedicine
Remote Patient
Monitoring
Data Exchange & Analytics
Content Sharing
Natural Support Network Activation
Virtual Care Staff
Augmentation

21
© 2017 All Rights Reserved 21

22
The secure connection between providers and medical grade devices in the home.
connectivity
medical grade
This includes authentication, data encryption and management of the connection.

23
Allow for true
continuum of care
Unite and empower the
care circle (patients,
caregivers and families)
Allow for easy data flow = earlier intervention
Enhance healthfulness
Lead to efficient use of healthcare resources
Increase access
Flexible engagement between
consumers and clinicians
Foster competition
Provoke a meaningful, cost-effective
customer experience
health can:
Connected

24
We develop secure, reliable, high-performing platforms and partner with best-in-class technology and service
organizations to provide comprehensive solutions that enable and augment care delivery transformation.
Technology PlatformsTechnology Services Custom Application development
EngagementConnectivity Enablement

25
Provided on a value-based model
Population level, individual preference
Coupling of physical health with social
situation
Remote health monitoring is the new
“norm”
Information when and how you need it
The Future of Healthcare

26
Transition risk from fee-for-service
to value-based reimbursement
Augment the consumerization of
healthcare
Create integration between
stakeholders in the individual's
care
Create and utilize actionable
data
Integrate social and health
information
Address healthcare
populations
To Realize the Future Vision, Healthcare Organizations must:

27
A reliable platform that securely
connects Healthcare businesses to
consumer home
Ability to scale to “population
health” level
Engaging content delivered
proactively
Tools that improve care coordination
and management Easy-to-use eHealth solutions
Partnership to transition from capital
intensive technology to a lower cost,
service models
The Healthcare Industry Needs…

28
Critical to the Healthcare Industry that Cable
Operators become Involved

29
Technology
Platforms and
Infrastructure
already in place
Big Data
Management Content
Connection
between
Provider and
Home
Service Logistics Call Center
Capabilities
Healthcare’s Wish List for Cable

30
Why Cable Can Win

31
The secure connection between providers and medical grade devices in the home.
connectivity
medical grade
This includes authentication, data encryption and management of the connection.

32
In the healthcare ecosystem, medical grade connectivity provides:
Scalability
Security along
the Connection
Continuum
Direct Connections between
Provider and Home
Quality Service

33
Medical grade connectivity
serves as the foundation.
RPM

34
• Diseases lasting three months or longer
• Generally progressive
• The major cause of disability and death globally
Chronic conditions are:
*U.S National Center for Health Statistics

35

36
Self-Recording RPM

37
Spirometers
Blood
Glucometers
Thermometers
Digital Scales
Blood Pressure
Monitors
Pulse Oximeters ECGs
A change in the standard
of care
Remote Patient
Monitoring

38
Early interventions based on actionable data can:
• Avoid ED visits & hospital admissions
• Manage transitions in care and decrease
re-admission
Secure Medical Connection –
authentication, data encryption, and
management of the connection -
foundation for RPM.
Savings: $8375 per patient

39
Medical IoT Security
2 Obstacles
Transitioning reimbursement

40
Critical factor aligning for Cable to
play a dominant role:
ü Secure Medical-Grade
Connectivity
An Opportunity For Cable Operators
Example: Medical Grade Connectivity to enable RPM
165 Million
175 Million
2017
2020
Patients in the US with Chronic Conditions

41
Hospital/ ED spend and Hospital Readmissions Penalties
Hospitals Re-admission Penalties
Health Care System
$1.1 Trillion is US annual
direct healthcare cost spend
to treat chronic conditions 4
These costs continue to rise
with Chronic Care Patients in
US estimated to reach 175
Million by 20205
$400 Billion of which is spent
on hospital inpatient and ER visits,
including $41.3
BILLION in Readmissions Costs6
Research suggests a savings opportunity of $205 Billion if chronic
condition are monitored and managed proactively at home7
Data Breaches
41
2016 - $428 million
2017 - $528 Million (expected)
Annual Cost of Healthcare Data Breaches
in 2015 reached $6.2 billion

42
Avoidable
Hospital
Readmissions &
Emergency Dept.
Visits: $205 billion
Medicare Hospital
Readmission
Penalties: $528
million
Criminal Security
Breaches: $3.1
billion
Savings Opportunity
Total >$208 billion

43
Sequential
assumptions to
establish a realistic
addressable
market for Cable
% of Chronically Ill receiving Clinical Trtmt
Provider adoption & Rx rate of RPM
as Standard of Care
The basis for the Business Model assumptions is the growing
Chronic condition population and the demands on the healthcare system.
Assumption
1
Assumption
2

44
Growing Chronic Condition Population

2015 2020 2025
Total Population 321,369,000 334,503,000 347,335,000
Population <1-64 273,539,000 278,064,000 281,415,000
~ 45% with at least 1 chronic
condition
123,093,000 125,129,000 126,637,000
Population 65 + years 47,830,000 56,441,000 65,920,000
~ 88% with at least 1 chronic
condition
42,090,000 49,668,000 58,010,000
Total Chronic Condition Population 165,183,000 174,797,000 184,647,000

45
Percentage of Chronically Ill
receiving Clinical Trtmt
175 million * 97% = 169.75 million or ~
170 million
Assumption
1
Assumption
2
US Total Addressable Market
Provider adoption rate/Rx rate of RPM
170 million * 75% = ~ 127 million TAM

46
Enhancing Care
Delivery
Transformation
Data
Call Center
capabilities
Patient
Engagement
Content Hospital TV
Security
Solutions
“Medical Grade Connectivity” offers many opportunities

47
In Conclusion
Secure Medical Grade Connectivity (SMGC) is defined as a secure connection between
healthcare providers and medical grade devices in the home, which includes
authentication, data encryption, and management of the connection.
$205 billion
medical expenditures that
could be avoided
$528 million
in Medicare penalties
that could be avoided
$3.1 billion
security breach expense
that could be avoided

48
www.FirecrackerInternational.com
sknight@firecrackerinternational.com
850-545-7480

49
49

Innovation in Connected Healthcare by Summer Knight MD at Inform[ED] Connected Healthcare

Recommended

Recommended

More Related Content

Similar to Innovation in Connected Healthcare by Summer Knight MD at Inform[ED] Connected Healthcare

Similar to Innovation in Connected Healthcare by Summer Knight MD at Inform[ED] Connected Healthcare (20)

More from CableLabs

More from CableLabs (8)

Recently uploaded

Recently uploaded (20)

Innovation in Connected Healthcare by Summer Knight MD at Inform[ED] Connected Healthcare