The document summarizes Massachusetts' strengths as a leading global digital health ecosystem. It highlights the large and growing US digital health market opportunity exceeding $32 billion over the next decade. Massachusetts excels in key drivers of the digital health industry: a talented workforce emerging from top universities; a strong innovation environment with over 350 digital health companies; competitive investment and venture capital funding; and collaboration across healthcare, academia, life sciences and technology. The state has strategic advantages including world-class healthcare and life sciences industries, engaged civic leadership, and initiatives to support the continued growth of digital health.
The document summarizes Massachusetts' strengths as a leading global digital health ecosystem. It highlights the state's large digital health market opportunity, top talent from universities, strong innovation culture evidenced by over 300 digital health firms, competitive investment environment including over 30 venture capital firms, and engaged healthcare and business community. Massachusetts excels in key drivers of talent, innovation, investment, and collaboration that are fueling the growth of its digital health cluster.
Talawanda Turbines is a leading manufacturer of industrial fans, blowers and exhaust systems with a diverse customer base. It has experienced high organic growth through innovative processes and expanded into new markets through acquisitions. A sale to a strategic buyer is recommended to realize synergies and given the current M&A environment, with SPX Corporation identified as the best fit due to opportunities in similar verticals.
How MongoDB is Transforming Healthcare TechnologyMongoDB
Healthcare providers continue to feel increased margin pressure, due to both macro-economic factors as well as significant regulatory change. In response to these pressures, leading healthcare organizations are leveraging new technologies to increase quality of care while simultaneously reducing costs.
In this session, we'll cover:
- How MongoDB has enabled successful real world projects with EHR / EMR in the healthcare industry
- How MongoDB allows providers to create a single view in order to collect patient information from multiple systems
- The challenges with healthcare data collection and how MongoDB handles various data types, HIPAA/PII and hybrid deployments
- Interest in reshoring production from China to the US remains strong, with more companies moving from consideration to active reshoring. The US is now seen as a more likely destination for new manufacturing capacity than China or Mexico.
- Key drivers for expanding US manufacturing capacity include reducing costs and shipping times, access to skilled labor, and allowing for more local control over production.
- Investments in automation and advanced manufacturing are viewed as opportunities to further increase efficiency and competitiveness.
- Executives anticipate continued net job growth in US manufacturing over the next five years, though prospects are slightly lower than the previous year due to global economic uncertainties.
DocSmart is a novel health care software which addresses this lacunae and helps in linking all the health care services under a Common cloud based Healthcare Eco System (HES).
Various Modules for healthcare Providers are created which talk among themselves in real time without any external interference, maintaining a secure and confidential environment.
This document provides an overview and agenda for building an analytics capability. It discusses key topics such as:
- The importance of big data and analytics for business decisions
- Building an analytics capability requires the right people, processes, and technology
- Companies can build capabilities internally, outsource work, or use a hybrid approach
- When outsourcing analytics work, firms need to consider issues like vendor skills, data protection, and intellectual property ownership
How to Run Analytics for More Actionable, Timely Insights: A Healthcare Data ...Health Catalyst
Healthcare organizations increasingly understand the value of data quality, but many lack a systematic process for establishing and maintaining that quality. However, as COVID-19 response and recovery further underscores the need for timely, actionable data, organizations must take a more proactive approach to data quality.
A structured process engages technical and subject matter expertise to define, evaluate, and monitor data quality throughout the pipeline. Health systems can follow a simple, four-level framework to measure and monitor data quality, ensuring that data is fit to drive quality data-informed decisions:
Think of data as a product.
Address structural data quality first.
Define content level data quality with subject matter experts.
Create a coalition for multidisciplinary support.
Accenture Tech Vision 2019 for Consumer Goods and Servicesaccenture
This document discusses technology trends that will drive innovation in consumer goods and services companies over the next few years. It identifies three main trends: 1) The rise of human+ workers who use technologies like AI to enhance their skills and capabilities. 2) The emergence of "momentary markets" where consumers expect hyper-personalized, on-demand offerings. 3) The evolution of "markets of one" through technologies that give companies insights into individual consumer needs. To prepare for these changes, the document recommends that companies embrace new technologies like AI, blockchain and augmented reality, build human+ workforces, and partner through secure ecosystems.
The document summarizes Massachusetts' strengths as a leading global digital health ecosystem. It highlights the state's large digital health market opportunity, top talent from universities, strong innovation culture evidenced by over 300 digital health firms, competitive investment environment including over 30 venture capital firms, and engaged healthcare and business community. Massachusetts excels in key drivers of talent, innovation, investment, and collaboration that are fueling the growth of its digital health cluster.
Talawanda Turbines is a leading manufacturer of industrial fans, blowers and exhaust systems with a diverse customer base. It has experienced high organic growth through innovative processes and expanded into new markets through acquisitions. A sale to a strategic buyer is recommended to realize synergies and given the current M&A environment, with SPX Corporation identified as the best fit due to opportunities in similar verticals.
How MongoDB is Transforming Healthcare TechnologyMongoDB
Healthcare providers continue to feel increased margin pressure, due to both macro-economic factors as well as significant regulatory change. In response to these pressures, leading healthcare organizations are leveraging new technologies to increase quality of care while simultaneously reducing costs.
In this session, we'll cover:
- How MongoDB has enabled successful real world projects with EHR / EMR in the healthcare industry
- How MongoDB allows providers to create a single view in order to collect patient information from multiple systems
- The challenges with healthcare data collection and how MongoDB handles various data types, HIPAA/PII and hybrid deployments
- Interest in reshoring production from China to the US remains strong, with more companies moving from consideration to active reshoring. The US is now seen as a more likely destination for new manufacturing capacity than China or Mexico.
- Key drivers for expanding US manufacturing capacity include reducing costs and shipping times, access to skilled labor, and allowing for more local control over production.
- Investments in automation and advanced manufacturing are viewed as opportunities to further increase efficiency and competitiveness.
- Executives anticipate continued net job growth in US manufacturing over the next five years, though prospects are slightly lower than the previous year due to global economic uncertainties.
DocSmart is a novel health care software which addresses this lacunae and helps in linking all the health care services under a Common cloud based Healthcare Eco System (HES).
Various Modules for healthcare Providers are created which talk among themselves in real time without any external interference, maintaining a secure and confidential environment.
This document provides an overview and agenda for building an analytics capability. It discusses key topics such as:
- The importance of big data and analytics for business decisions
- Building an analytics capability requires the right people, processes, and technology
- Companies can build capabilities internally, outsource work, or use a hybrid approach
- When outsourcing analytics work, firms need to consider issues like vendor skills, data protection, and intellectual property ownership
How to Run Analytics for More Actionable, Timely Insights: A Healthcare Data ...Health Catalyst
Healthcare organizations increasingly understand the value of data quality, but many lack a systematic process for establishing and maintaining that quality. However, as COVID-19 response and recovery further underscores the need for timely, actionable data, organizations must take a more proactive approach to data quality.
A structured process engages technical and subject matter expertise to define, evaluate, and monitor data quality throughout the pipeline. Health systems can follow a simple, four-level framework to measure and monitor data quality, ensuring that data is fit to drive quality data-informed decisions:
Think of data as a product.
Address structural data quality first.
Define content level data quality with subject matter experts.
Create a coalition for multidisciplinary support.
Accenture Tech Vision 2019 for Consumer Goods and Servicesaccenture
This document discusses technology trends that will drive innovation in consumer goods and services companies over the next few years. It identifies three main trends: 1) The rise of human+ workers who use technologies like AI to enhance their skills and capabilities. 2) The emergence of "momentary markets" where consumers expect hyper-personalized, on-demand offerings. 3) The evolution of "markets of one" through technologies that give companies insights into individual consumer needs. To prepare for these changes, the document recommends that companies embrace new technologies like AI, blockchain and augmented reality, build human+ workforces, and partner through secure ecosystems.
This document discusses using IBM Watson to assist in healthcare. It describes how Watson can help address issues like the growing amount of medical data, increasing healthcare costs, diagnosis errors, and the shortage of doctors. Watson combines technologies like natural language processing and evidence-based learning to provide concise summaries of medical information to aid clinical decision making. The document provides examples of how Watson could be applied in areas like oncology to help create individualized cancer treatment plans.
Accenture's six-country survey among 180 C-level health executives says adoption of AI is measured, but real.
The survey assessed beliefs about market maturity, practical and clinical challenges to the adoption of AI in healthcare.
Enthusiasm for AI (artificial intelligence) is high among health executives, with people skills the most important implementation success factor.
Sufficient staff training/ expertise is rated the most important success factors for AI implementation (ranked in top three by 73 percent of execs).
Visit https://accntu.re/2T4KuXb to learn more.
Standards in health informatics - problem, clinical models and terminologySilje Ljosland Bakke
- Clinical information must be structured using shared and standardized clinical models and terminologies to enable semantic interoperability, longitudinal record access, and clinical decision support. However, structuring health information is complex due to the diversity and dynamic nature of clinical data.
- openEHR provides a free and open specification for structured health records, separating the reference model from archetypes and templates to define clinical content in a reusable way. National governance is needed to develop, review, and publish archetypes.
- Information models and terminologies are complementary - models define data structure while terminologies provide controlled vocabularies, but neither is sufficient alone due to contextual needs and complex concepts. Pragmatic choices must be made based on use case
Creating a Data Driven Organization - StampedeCon 2016StampedeCon
Companies today are all focused on finding new consumption models to better utilize the data they produce. This presentation will provide insights and best practices for creating the organization and sponsorship necessary to set the foundation for success.
For this session, Dan will provide an overview of the process and methodologies he employs to establish and sustain a Data Driven Culture. Key topics will include:
Data Driven Culture
Executive Sponsorship
Organizational Structure – Collaboration Hubs and Bi-Modal Analytics
Role of Hadoop and Big Data as Part of Data Driven Culture
This document discusses data governance challenges in the era of big data and proposes solutions. It begins by outlining the rise of data-driven businesses and the challenges they face with data quality, access, and trust issues. This has led to the rise of the Chief Data Officer role. The document then discusses how data governance approaches need to shift from hierarchical systems of record to more networked systems of engagement to manage expanding data volumes and types from sources like IoT and big data analytics. Key challenges discussed include digitalizing trust in data and addressing risks from opaque big data models. The document proposes taking a hybrid governance approach and implementing a system of record for data assets to provide findability, understandability and trust for all organizational data. Example use
Findings on health information technology and electronic health recordsDeloitte United States
The Deloitte Center for Health Solutions 2016 Survey of US Physicians set out to understand physician adoption and perception of key market trends around health information technology and electronic health record data. Explore key survey findings to discover where physicians find the most value, barriers to adoption, and what they want next. http://deloi.tt/2d3b4w6
Data Modeling, Data Governance, & Data QualityDATAVERSITY
Data Governance is often referred to as the people, processes, and policies around data and information, and these aspects are critical to the success of any data governance implementation. But just as critical is the technical infrastructure that supports the diverse data environments that run the business. Data models can be the critical link between business definitions and rules and the technical data systems that support them. Without the valuable metadata these models provide, data governance often lacks the “teeth” to be applied in operational and reporting systems.
Join Donna Burbank and her guest, Nigel Turner, as they discuss how data models & metadata-driven data governance can be applied in your organization in order to achieve improved data quality.
Our report will provide a look into the technology landscape of the future, including:
- Importance of AI in enabling innovation
- Catalysts of future innovations
- Top technology trends in 2023-2024
- Main benefits of AI adoption
- Steps to prepare for future disruptions.
Download your free copy now and implement the key findings to improve your business.
Building an Effective BI Governance ProgramDATAVERSITY
“Through 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.” – Gartner
If you are in the process of building a governance initiative or responsible for governance initiatives today, you can’t afford to be in the 80%. This webinar will ensure you deliver a successful program, by providing you tools and recommendations and will run you through a practical example from start to finish.
The following will be covered:
- Define clear objectives & gain buy-in
- Involve the right stakeholders
- Define Scope
- Set clear roles and responsibilities
- Create an effective workflow
- Monitor impact
The document discusses the need for profiles and validation in FHIR. It notes that healthcare data can vary significantly between countries, disciplines, clinicians and IT systems. Profiles are needed to define constraints and rules for how resources should be used in particular contexts. The goal of FHIR is to create a common platform that can support interoperability even where global interoperability is not possible. The conformance resources, including profiles, value sets, and conformance statements, provide guidance on how to use the FHIR framework in a standardized way.
Ironside's VP of Strategy & Innovation, Greg Bonnette, delivered a presentation on "How to Build a Winning Strategy for Data & Analytics" to provide a framework for data-driven decision making.
This document summarizes applications of blockchain technology in healthcare, including for big data analytics, data security, data management and governance, interoperability, and digital health. It provides examples of companies implementing blockchain solutions for predictive modeling using medical data, securing patient records, managing health records for a country, improving data sharing between providers, and preventing counterfeit drugs. While adoption of blockchain in healthcare is increasing, widespread impact requires overcoming challenges such as rebuilding infrastructure and training personnel.
Accenture Digital Health Technology Vision 2018accenture
Explore Accenture's Digital Health Tech Vision 2018 report, showcasing five health IT trends that are going to redefine how intelligent enterprises of the future will work. Learn more: https://accntu.re/2IoOLMI
Compare and Contrast: US Health Care and the Netherlands Health CareMaddox5329
The document compares the health care systems of the United States and Netherlands. It finds that while government health care expenditures as a percentage of total spending are similar between the two countries, total per capita health care expenditures are much higher in the US. The standard coverage provided in the Netherlands includes broader benefits like access to general practitioners and dental for those under 18, while out-of-pocket costs for individuals are higher as a percentage of private spending. Both countries require residents to have health insurance and penalize those who do not comply.
Targeting towards the health and human services communities, this presentation covers the importance of a data-driven culture, how to identify areas where data can be used to innovate and how to recognize the operational processes you must have in place to fully utilize your data.
End-to-End OT SecOps Transforming from Good to Greataccenture
Building and growing an OT SecOps program takes vision, buy-in and budget. This track explores how to take your program to the next level. The discussions are intended to spark conversation and this guide highlights key takeaways on what works, what doesn’t and what’s next. https://accntu.re/3tz7wGY
Governing Innovation: The recipe for portfolio growth | Accentureaccenture
Accenture reports that with innovation investments increasing, it's critical to invest in growth with an innovation portfolio management strategy. Read more.
This document proposes an integrated EMR, business, and HR system for New Century Wellness Group to improve inefficient paper-based processes. The current system relies too heavily on overworked staff and is prone to errors. The proposed system would streamline scheduling, medical records, billing, payroll, and other processes. It would include an EMR, CPOE, and CDSS to support providers and improve patient care. The system is designed to address the growing needs of New Century as they plan to expand to a new location.
This document provides an overview of a healthcare information analytics course. It includes:
1. An introduction to the class and instructor with an overview of course materials, software requirements, and housekeeping items.
2. A review of current healthcare challenges around rising costs, quality of care, and system pressures to improve outcomes.
3. A history of the evolution of hospital information systems from the 1960s to present day, covering drivers in healthcare and IT and how they resulted in health information technology.
Massachusetts ranks #1 in innovation according to several studies and indices. It has the highest concentration of innovation economy jobs and workers in the US, especially in software, communications, and STEM fields. Massachusetts also has a strong talent pipeline, ranking #1 nationally in awarding college degrees per capita, including more than 120,000 graduates annually. It leads the nation in STEM degrees and has top-ranked universities for engineering, technology, and entrepreneurship.
The document discusses Massachusetts' leadership in cyber security through its concentration of talent, resources, investment, and industry. Key points:
- Massachusetts is home to 35 of the top 500 cyber security firms in the US and over 70 cyber security startups.
- The state produces over 15,000 STEM graduates annually and has numerous cyber security programs at universities and community colleges.
- Massachusetts has a strong cyber security industry cluster and receives significant venture capital investment, with over $1 billion invested from 2010-2015.
This document discusses using IBM Watson to assist in healthcare. It describes how Watson can help address issues like the growing amount of medical data, increasing healthcare costs, diagnosis errors, and the shortage of doctors. Watson combines technologies like natural language processing and evidence-based learning to provide concise summaries of medical information to aid clinical decision making. The document provides examples of how Watson could be applied in areas like oncology to help create individualized cancer treatment plans.
Accenture's six-country survey among 180 C-level health executives says adoption of AI is measured, but real.
The survey assessed beliefs about market maturity, practical and clinical challenges to the adoption of AI in healthcare.
Enthusiasm for AI (artificial intelligence) is high among health executives, with people skills the most important implementation success factor.
Sufficient staff training/ expertise is rated the most important success factors for AI implementation (ranked in top three by 73 percent of execs).
Visit https://accntu.re/2T4KuXb to learn more.
Standards in health informatics - problem, clinical models and terminologySilje Ljosland Bakke
- Clinical information must be structured using shared and standardized clinical models and terminologies to enable semantic interoperability, longitudinal record access, and clinical decision support. However, structuring health information is complex due to the diversity and dynamic nature of clinical data.
- openEHR provides a free and open specification for structured health records, separating the reference model from archetypes and templates to define clinical content in a reusable way. National governance is needed to develop, review, and publish archetypes.
- Information models and terminologies are complementary - models define data structure while terminologies provide controlled vocabularies, but neither is sufficient alone due to contextual needs and complex concepts. Pragmatic choices must be made based on use case
Creating a Data Driven Organization - StampedeCon 2016StampedeCon
Companies today are all focused on finding new consumption models to better utilize the data they produce. This presentation will provide insights and best practices for creating the organization and sponsorship necessary to set the foundation for success.
For this session, Dan will provide an overview of the process and methodologies he employs to establish and sustain a Data Driven Culture. Key topics will include:
Data Driven Culture
Executive Sponsorship
Organizational Structure – Collaboration Hubs and Bi-Modal Analytics
Role of Hadoop and Big Data as Part of Data Driven Culture
This document discusses data governance challenges in the era of big data and proposes solutions. It begins by outlining the rise of data-driven businesses and the challenges they face with data quality, access, and trust issues. This has led to the rise of the Chief Data Officer role. The document then discusses how data governance approaches need to shift from hierarchical systems of record to more networked systems of engagement to manage expanding data volumes and types from sources like IoT and big data analytics. Key challenges discussed include digitalizing trust in data and addressing risks from opaque big data models. The document proposes taking a hybrid governance approach and implementing a system of record for data assets to provide findability, understandability and trust for all organizational data. Example use
Findings on health information technology and electronic health recordsDeloitte United States
The Deloitte Center for Health Solutions 2016 Survey of US Physicians set out to understand physician adoption and perception of key market trends around health information technology and electronic health record data. Explore key survey findings to discover where physicians find the most value, barriers to adoption, and what they want next. http://deloi.tt/2d3b4w6
Data Modeling, Data Governance, & Data QualityDATAVERSITY
Data Governance is often referred to as the people, processes, and policies around data and information, and these aspects are critical to the success of any data governance implementation. But just as critical is the technical infrastructure that supports the diverse data environments that run the business. Data models can be the critical link between business definitions and rules and the technical data systems that support them. Without the valuable metadata these models provide, data governance often lacks the “teeth” to be applied in operational and reporting systems.
Join Donna Burbank and her guest, Nigel Turner, as they discuss how data models & metadata-driven data governance can be applied in your organization in order to achieve improved data quality.
Our report will provide a look into the technology landscape of the future, including:
- Importance of AI in enabling innovation
- Catalysts of future innovations
- Top technology trends in 2023-2024
- Main benefits of AI adoption
- Steps to prepare for future disruptions.
Download your free copy now and implement the key findings to improve your business.
Building an Effective BI Governance ProgramDATAVERSITY
“Through 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.” – Gartner
If you are in the process of building a governance initiative or responsible for governance initiatives today, you can’t afford to be in the 80%. This webinar will ensure you deliver a successful program, by providing you tools and recommendations and will run you through a practical example from start to finish.
The following will be covered:
- Define clear objectives & gain buy-in
- Involve the right stakeholders
- Define Scope
- Set clear roles and responsibilities
- Create an effective workflow
- Monitor impact
The document discusses the need for profiles and validation in FHIR. It notes that healthcare data can vary significantly between countries, disciplines, clinicians and IT systems. Profiles are needed to define constraints and rules for how resources should be used in particular contexts. The goal of FHIR is to create a common platform that can support interoperability even where global interoperability is not possible. The conformance resources, including profiles, value sets, and conformance statements, provide guidance on how to use the FHIR framework in a standardized way.
Ironside's VP of Strategy & Innovation, Greg Bonnette, delivered a presentation on "How to Build a Winning Strategy for Data & Analytics" to provide a framework for data-driven decision making.
This document summarizes applications of blockchain technology in healthcare, including for big data analytics, data security, data management and governance, interoperability, and digital health. It provides examples of companies implementing blockchain solutions for predictive modeling using medical data, securing patient records, managing health records for a country, improving data sharing between providers, and preventing counterfeit drugs. While adoption of blockchain in healthcare is increasing, widespread impact requires overcoming challenges such as rebuilding infrastructure and training personnel.
Accenture Digital Health Technology Vision 2018accenture
Explore Accenture's Digital Health Tech Vision 2018 report, showcasing five health IT trends that are going to redefine how intelligent enterprises of the future will work. Learn more: https://accntu.re/2IoOLMI
Compare and Contrast: US Health Care and the Netherlands Health CareMaddox5329
The document compares the health care systems of the United States and Netherlands. It finds that while government health care expenditures as a percentage of total spending are similar between the two countries, total per capita health care expenditures are much higher in the US. The standard coverage provided in the Netherlands includes broader benefits like access to general practitioners and dental for those under 18, while out-of-pocket costs for individuals are higher as a percentage of private spending. Both countries require residents to have health insurance and penalize those who do not comply.
Targeting towards the health and human services communities, this presentation covers the importance of a data-driven culture, how to identify areas where data can be used to innovate and how to recognize the operational processes you must have in place to fully utilize your data.
End-to-End OT SecOps Transforming from Good to Greataccenture
Building and growing an OT SecOps program takes vision, buy-in and budget. This track explores how to take your program to the next level. The discussions are intended to spark conversation and this guide highlights key takeaways on what works, what doesn’t and what’s next. https://accntu.re/3tz7wGY
Governing Innovation: The recipe for portfolio growth | Accentureaccenture
Accenture reports that with innovation investments increasing, it's critical to invest in growth with an innovation portfolio management strategy. Read more.
This document proposes an integrated EMR, business, and HR system for New Century Wellness Group to improve inefficient paper-based processes. The current system relies too heavily on overworked staff and is prone to errors. The proposed system would streamline scheduling, medical records, billing, payroll, and other processes. It would include an EMR, CPOE, and CDSS to support providers and improve patient care. The system is designed to address the growing needs of New Century as they plan to expand to a new location.
This document provides an overview of a healthcare information analytics course. It includes:
1. An introduction to the class and instructor with an overview of course materials, software requirements, and housekeeping items.
2. A review of current healthcare challenges around rising costs, quality of care, and system pressures to improve outcomes.
3. A history of the evolution of hospital information systems from the 1960s to present day, covering drivers in healthcare and IT and how they resulted in health information technology.
Massachusetts ranks #1 in innovation according to several studies and indices. It has the highest concentration of innovation economy jobs and workers in the US, especially in software, communications, and STEM fields. Massachusetts also has a strong talent pipeline, ranking #1 nationally in awarding college degrees per capita, including more than 120,000 graduates annually. It leads the nation in STEM degrees and has top-ranked universities for engineering, technology, and entrepreneurship.
The document discusses Massachusetts' leadership in cyber security through its concentration of talent, resources, investment, and industry. Key points:
- Massachusetts is home to 35 of the top 500 cyber security firms in the US and over 70 cyber security startups.
- The state produces over 15,000 STEM graduates annually and has numerous cyber security programs at universities and community colleges.
- Massachusetts has a strong cyber security industry cluster and receives significant venture capital investment, with over $1 billion invested from 2010-2015.
The document reports on the Massachusetts big data ecosystem and opportunities for growth. It finds that Massachusetts has close to 500 big data companies, 10 leading research centers, and graduates around 5,600 students annually from 14 data science programs. The state has seen $2.5 billion in investment funding for big data companies since 2000. However, it also faces challenges retaining data science talent and developing skills in the growing field. The report identifies priorities like strengthening data science education and expanding collaboration to help the ecosystem continue thriving.
The document is a report on the Massachusetts big data ecosystem. Some of the key findings include:
- There are over 400 companies in the Massachusetts big data industry.
- Massachusetts universities graduate almost 5,600 students annually from 14 data science programs.
- Over $2.5 billion has been invested in 123 Massachusetts big data companies since 2000.
- Massachusetts receives significant federal funding for big data initiatives and research.
This Fiscal Year 2013 Annual Report highlights many of the exciting initiatives supporting the Commonwealth’s tech
economy at the Massachusetts Technology Collaborative (MassTech). This report offers a summary of the organization’s progress in driving the adoption of health technologies, expanding broadband Internet access, supporting the state’s burgeoning tech economy, and fostering valuable research partnerships.
PDF of MassTech's Annual Report for Fiscal Year 2014. Includes overviews of our three divisions, the Innovation Institute at MassTech; the Massachusetts Broadband Institute; and the Massachusetts eHealth Institute (MeHI).
A central activity of the Innovation Institute is the production of the Massachusetts Technology Collaborative’s annual publication, The Index of the Massachusetts Innovation Economy.
Since 1997, the Index has provided users with a wealth of data and information for assessing the performance and progress of the Commonwealth’s innovation economy.
By means of 24 indicators, the Index offers a comprehensive view of several dimensions of the innovation ecosystem. Using a robust selection of data sources, the Index benchmarks Massachusetts against nine Leading Technology States throughout the United States to reveal relative strengths and weaknesses. With the guidance and advice of its Advisory Committee, the Innovation Institute revisits the indicators and framework annually to remain current with the evolving understanding of the Innovation Economy in order to provide timely insights into its strengths and weaknesses.
The Index also includes a special analysis section that is conceptualized as a forward-looking but directly relevant assessment and commentary on a critical issue in the Commonwealth and its innovation economy.
Latino Summit Presentation: Houston Community College Building a Pipeline of ...Houston Community College
This document discusses strategies used by Houston Community College to build a pipeline of STEM success for Hispanic students. It notes that HCC graduates more Hispanic students with associate degrees than any other community college in the US. HCC focuses on STEM programs in fields with high demand like engineering, health sciences, and technology. Partnerships with 4-year universities and industry allow students to seamlessly transition from an associate's to a bachelor's degree or into well-paying jobs.
Presentation of Susan Bannister (Massachusetts Life Sciences Center, Former President and CEO) at the Forum of the BioRegion of Catalonia, organized by Biocat.
Growing Massachusetts in Challenging Times: Macro and Micro Perspectives on Economic Development in the Commonwealth
A presentation to the Harvard Business School Association of Boston.
Capturing the next economy: Pittsburgh’s rise as a global innovation cityAlex Jones
This document outlines Pittsburgh's innovation economy project which included interviews and analysis of the city's industry clusters, universities, workforce, and entrepreneurial ecosystem. It finds that while Pittsburgh has strong research institutions, industry clusters lack size and connectivity. The workforce has gaps in mid-career talent and many workers are disconnected from technology jobs. Recommendations include initiatives to strengthen industry-university collaboration, support growth-stage companies, develop talent pipelines, and better connect nodes of innovation.
The Index of the Massachusetts Innovation Economy,
published annually since 1997, is the premier fact-based benchmark for measuring the performance of the Massachusetts knowledge economy. The 2012-2013 Index of the Massachusetts Innovation Economy shows that the state's innovation economy is experiencing three new shifts, including the growth of new technology sectors like robotics and Big Data as major economic drivers and a changing capital landscape including an increase in angel investment. Massachusetts retains its position of strength as compared to other Leading Technology States, and this year’s Index revealed that many other states are gaining ground. For more information on the Massachusetts innovation economy visit our website at: www.masstech.org.
The three universities that make up Michigan’s University Research Corridor (URC) ― Michigan State University, the University of Michigan and Wayne State University ― continue to lead the nation’s university innovation clusters in the number of medicine and biological science degrees awarded annually.
Those are just some of the findings in the annual Benchmark Report through which the URC measures its performance against the nation’s top university research clusters, including California’s Silicon Valley, Massachusetts’ Route 128 and North Carolina’s Research Triangle. Michigan’s URC is the only national innovation cluster comprised exclusively of public universities ― and the only one with three medical doctors heading those institutions.
The three universities that make up Michigan’s University Research Corridor (URC) ― Michigan State University, the University of Michigan and Wayne State University ― continue to lead the nation’s university innovation clusters in the number of medicine and biological science degrees awarded annually.
Those are just some of the findings in the annual Benchmark Report through which the URC measures its performance against the nation’s top university research clusters, including California’s Silicon Valley, Massachusetts’ Route 128 and North Carolina’s Research Triangle. Michigan’s URC is the only national innovation cluster comprised exclusively of public universities ― and the only one with three medical doctors heading those institutions.
The Vision Project is the strategic initiative through which the Massachusetts Public Higher Education System as come together to focus on producing the best-educated citizenry and workforce in the nation by achieving national leadership on seven key outcomes, including Research and Economic Activity, meaning the research activity and resulting economic impact by the five campuses of the state's public research university, the University of Massachusetts. This presentation gives a preview of data showing where Massachusetts stands in these outcomes at the outset of the Vision Project. More information at www.mass.edu/visionproject. Original presentation date: May 3, 2011
University of Virginia School of Data SciencePhilip Bourne
March 6, 2020 presentation to the University of Virginia Board of Visitors on the prior work and development of the School of Data Science over the next several years.
This document discusses the growing demand for STEM talent and the shortage of workers to fill STEM jobs. It notes that while STEM jobs are growing significantly faster than other fields, the supply of STEM graduates and workers is not keeping pace. There are several factors contributing to this shortage, including attrition from STEM fields, underrepresentation of women and minorities, low student interest in STEM, and an aging STEM workforce. The document provides strategies for companies to address the talent shortage, such as focusing on project-based work instead of permanent hires, utilizing virtual talent, and increasing flexibility to retain older workers.
"Fostering Massachusetts' life science ecosystem", Dr. Susan Windham-Banniste...MIT Startup Exchange
"Fostering Massachusetts' life science ecosystem", Dr. Susan Windham-Bannister, President and CEO of the Massachusetts Life Sciences Center (MLSC). Presented at Better innovation in biotech, part of MIT Startup Exchange cluster workshop series on 2/26/15, see http://startupexchange.mit.edu/startupexchange/html/index.html#viewOpportunity/51
The document provides information about the life sciences industries in Massachusetts, highlighting several key points:
- Massachusetts has over 120 universities that conduct significant research, with Harvard and MIT being the most renowned. Both universities have extensive research programs in fields like biology, neuroscience, cancer, and more.
- The state has a large and innovative life sciences industry, with many major companies and over 100 hospitals that receive substantial NIH funding. Massachusetts ranks high in areas like new drug approvals.
- The state also has a strong entrepreneurial ecosystem centered around Boston, with over 3,700 tech startups, several accelerator programs, and institutions that provide mentorship and support to entrepreneurs. This has helped the biotech and digital health sectors in
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The Austin Technology Council had a transformative year in 2013, focusing on initiatives to strengthen and integrate the technology and life sciences sectors in Central Texas. Key accomplishments included:
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3) Continuing workforce development efforts through the ATC Foundation to address STEM talent challenges.
4) Accelerating life sciences sector development in anticipation of future growth.
5) Experiencing record participation in ATC events and membership growth.
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2. 2
The Digital Health Opportunity
U.S. Market Opportunity
Over Next Decade:
$32 Billion*
*Goldman, Sachs & Co. report, The Internet of Things Vol. 5,
“The Digital Revolution Comes to U.S. Healthcare,” June
29,2015. Does not include consumer wearables, IT solutions or
data>analytics platforms, all of which are individually multi-billion
dollar markets.
The pace of digital health funding in the first quarter of 2018 exceeded the first quarter of
2017, by 60 more deals. Additionally, funding in 2017 also bypassed the total funding in 2016
by $3.5 billion, for a total of $11.7 billion in 2017.
Source: Startup Health Digital Health Funding Rankings 2018 Q1 Report
The digital health market opportunity in the United States is
large and growing.
3. 3
Why Massachusetts
Digital Health leverages
industries and
capabilities in which
Massachusetts excels
• Leaders in US health reform
• Top healthcare delivery hub
• Dominant Talent Pool and
University Networks
• Strong startup climate
• #1 global life sciences and
medical device ecosystem
• Competitive investment/VC
landscape
• Growing tech clusters in software,
big data, robotics, cybersecurity,
and other areas
4. 4
Massachusetts’ Strengths
Globally-
Recognized Higher
Education Network
MA Healthcare Jobs
Grew 19% between
2009-2015
(source: MassTLC)
Highest Percentage
(47.3%) of Adults in US
with a Bachelor’s Degree
or Higher
(source: Innovation Index)
Most STEM
Degrees per
million residents
(source: Innov ,ation Index)
#1 in State
Science and
Technology Index
(source: Milken)
#1 ‘Most
Innovative
State’
(source: Bloomberg)
#1 Startup Hub
in the US
(source: 1776)
Most companies in
the Healthcare
Informatics 100
(source: Healthcare
Informatics)
Over 350 existing
Digital Health firms
(source: MassTech)
World-Leading
Healthcare Institutions
in Quality & Innovation
(source: US News)
Innovative Payers with
Top Healthcare
Outcomes
(source: NCQA)
Leaders in State &
National Healthcare
Reform
#3 US Digital
Health Destination
(source: StartupHealth)
#1 State for NIH
Research Funding per
$1 Million GDP
(source: Innovation
Index)
$1 Billion state
investment into Life
Sciences innovation
Engaged, Top-
Quality Civic &
Business
Associations
500+ Big Data /
Data Analytics
Companies
(source: MassTech)
Dominant Life
Sciences & Medical
Device Industry
(source: MLSC)
Competitive and
Growing Tech
Sector
(source: MassTLC)
Strong
Cybersecurity
Industry Cluster
Assets
TALENT &
WORKFORCE
INNOVATION
ECOSYSTEM
INVESTMENT
COLLABORATION &
CROSS-SECTOR
STRENGTHS
5. 5
Engagement in industry clusters raises a company’s productivity*.
Massachusetts is home to a strong and growing digital health cluster,
composed of:
Digital Health Cluster
Companies:
• Nearly 300 digital health
companies
• 10 companies in the
Healthcare Informatics 100
Investment:
• 30+ venture capital firms
investing in digital health
Innovation:
• 10+ digital health-specific
innovation programs
Healthcare Customers:
• 79 academic, specialty, and
community hospitals
• 98 community health centers
• 46,000+ healthcare providers
• 14 private healthcare payers
• 550 biopharmaceutical companies
• 400 medical device companies
Research and Talent:
• Over 100 colleges and universities
Civic Leaders
• Public, private, and community
leadership
*Source: http://www.isc.hbs.edu/competitiveness-economic-development/frameworks-and-key-concepts/Pages/clusters.aspx
6. 6
Massachusetts is becoming the
leading global ecosystem for digital
health innovation.
We excel in four key drivers:
Talent, Innovation,
Investment, and Collaboration.
Why Massachusetts
8. 8
Top Talent Pipeline
There are 117 colleges and universities in Massachusetts enrolling over
500,000 students seeking bachelor's or associate degrees (Based on National
Center for Education Statistics, 2016).
Massachusetts is home to the most STEM Degrees in
the U.S. per million residents.
(source: Massachusetts Innovation Index)
Massachusetts has the Highest Percentage (47.3%) of
Adults in US with a Bachelor’s Degree or Higher.
(source: Massachusetts Innovation Index)
• Massachusetts is #2 in awarding
new college degrees per capita,
with 120,813 higher education
graduates in 2016, inclusive of
community college, 4-year, and
advanced degrees. This includes
more than 70,000 degree
holders inside Route 128 alone.
• 50 of these colleges and
universities are in the greater
Boston metropolitan area, which is
home to more than 250,000
students.
9. 9
College & University Grads
Massachusetts provides a deep pool of talent, producing over 120,000 graduates
annually across all institutions in the state, with over 50% of those undergraduates.
TOTAL GRADS – 2016 TOTAL Doctorate Masters Bachelors Associates
All of Massachusetts 120,813 8,475 38,281 60,715 13,342
Greater Boston
(Inside Route 128)
70,043 7,179 27,715 31,515 3,635
Within 1 Hour of Boston
(Inside Route 495 & Worcester)
96,663 7,745 33,536 46,346 9,036
Within 2 Hours of Boston
(Including Pioneer Valley/South
Coast)
119,375 8,475 38,215 59,774 12,911
10. 10
STEM Talent & Density
Massachusetts is
home to the most
STEM Degrees per
million residents.
(source: Massachusetts Innovation Index)
Source: The Index of the Massachusetts Innovation Economy 2017
0
500
1000
1500
2000
2500
3000
3500
Degrees Granted in STEM Fields
All Degree Levels
per 1 Million Residents
Massachusetts & LTS, 2014-2015
Biological and Biomedical Services Computer and Information Sciences
Engineering Mathematics and Statistics
Physical Sciences
11. 11
STEM (Science, Technology, Engineering & Math)
• MA is #1 nationally in STEM graduate and professional degrees granted per capita
• Two Massachusetts universities rank in the top five best graduate schools for math:
Massachusetts Institute of Technology (#1) and Harvard University (#3)
Science
• MA is #4 nationally in number of Science graduate and professional degrees granted
• Three Massachusetts universities rank in the top 25 of the best schools for computer
science: Massachusetts Institute of Technology (#1) , Harvard University (#18) and
University of Massachusetts Amherst #25).
Engineering
• MA is #5 nationally in number of Engineering graduate and professional degrees
granted
• Four Massachusetts universities rank in the top 50 engineering schools : Massachusetts
Institute of Technology (#1) , Harvard University (#20), Boston University (#37) and
Northeastern (#43).
STEM Graduates
12. 12
2016 STEM Grads - Select Schools
• In 2016, 21,775 total STEM students graduated from Massachusetts universities, including over
17,000 within an hour’s drive of Boston.
• While several UMass system schools are located outside of Greater Boston, roughly three-
quarters of recent UMass grads stay to live and work in Mass., and 60% remain long-term.
Source: National Center for Education Statistics Integrated Postsecondary Data System (NCES IPEDS).
STEM Graduates
TOTAL GRADS – 2016 TOTAL Doctorate Masters Bachelors Associates
All of Massachusetts 120,813 8,475 38,281 60,715 13,342
Greater Boston
(Inside Route 128)
70,043 7,179 27,715 31,515 3,635
Within 1 Hour of Boston
(Inside Route 495 & Worcester)
96,663 7,745 33,536 46,346 9,036
Within 2 Hours of Boston
(Including Pioneer Valley/South
Coast)
119,375 8,475 38,215 59,774 12,911
2,510
2,432
2,321
1,460
1,368
1,425
1,874
13. 13
Healthcare Workforce
Healthcare Delivery is a
dominant and growing
sector of the
Massachusetts economy,
and had a 10% increase in
employment from 2011-
2016.
(source: Massachusetts Innovation Index)
Brookings analysis shows that in
2014, Metro Boston was home to
over 330,000 HIT jobs, which
measured as 13.6% of total jobs.
(source: Brookings)
Employment by Industry Sector
Massachusetts 2011-2016
Sector
2016
Employment
Total
% Change in
Employment
2011-2016
Healthcare Delivery 385,062 10%
Financial Services 160,167 2%
Software & Communications
Services 158,851 15%
Postsecondary Education 156,878 10%
Business Services 152,070 7%
Scientific, Technical &
Management Services 86,171 13%
Biopharma & Medical
Devices 63,159 9%
Diversified Industrial
Manufacturing 37,956 -6%
Defense Manufacturing &
Instrumentation 36,319 -1%
Computer &
Communications Hardware 31,699 -21%
Advanced Materials 28,620 -7%
14. 14
INNOVATION:
-A World-Leading Startup Ecosystem
-Roughly 300 Digital Health Firms
-Strong & Established Anchor Companies
-Many Innovation Programs and Accelerators
-Innovation-Friendly Healthcare Community
15. 15
#1 Innovation State
The Index factors R&D
intensity, productivity,
high-tech density,
concentration of STEM
employment, science and
engineering degrees, and
patent activity.
Massachusetts has been #1 in
the Milken Institute’s annual
State Technology and Science
Index every year since 2002.
Bloomberg’s 2015 & 2016 U.S.
Innovation Index ranks
Massachusetts as the “Most
Innovative State.”
16. 16
There are roughly 350 existing
Massachusetts Digital Health companies.
Digital Health Cluster: Companies
17. 17
Massachusetts is also home to a
significant presence of many
global companies with digital
health focus, including Microsoft
and Google, as well as key
business units such as IBM
Watson and Optum Analytics.
Digital Health Cluster: Anchor Firms
athenahealth Watertown MA
Nuance
Communications Burlington MA
InterSystems Cambridge MA
MEDITECH Westwood MA
eClinicalWorks Westborough MA
Kronos Incorporated Chelmsford MA
Verisk Health, Inc. Waltham MA
Imprivata Lexington MA
HealthEdge Burlington MA
Most companies in the
Healthcare Informatics
100 of any state:
(source: Healthcare Informatics)
18. 18
Massachusetts has a strong network of industry
and civic associations partnering with companies
and the state to support innovation and growth
Digital Health Cluster: Associations
20. 20
Healthcare organizations are key digital health customers
as well as centers of healthcare innovation:
• 79 Acute Care Hospitals
• 98 Community Health Centers with more than 250 sites of care
• >600 Behavioral Health Group Practices
• ~650 Long-Term and Post-Acute Care Providers
• 15,050 Active Primary Care Physicians
• 6,211 Active Nurse Practitioners
• 19,004 Active Specialist Physicians
• 6,424 Active Dentists
• 14 Private Payers / Insurers
Digital Health Cluster: Healthcare
Source: Kaiser Family Foundation Health Facts and MeHI internal data
21. 21
Massachusetts is home to 79 hospitals, including
world-leading academic medical centers as well as a
network of specialty and community hospitals:
Digital Health Cluster: Hospitals
Anna Jaques Hospital Clinton Hospital Association Lemuel Shattuck Hospital North Shore Medical Center Union Hospital
Athol Memorial Hospital Cooley Dickinson Hospital Leonard Morse Hospital Norwood Hospital
Baystate Franklin Medical Center Dana Farber Cancer Institute Lowell General Hospital Quincy Medical Center, A Steward Family Hospital Inc
Baystate Mary Lane Hospital Eliot Hospital Marlborough Hospital Saint Anne's Hospital
Baystate Medical Center Emerson Hospital Marthas Vineyard Hospital Saint Elizabeth's Medical Center
Baystate Noble Hospital Fairview Hospital Massachusetts Eye and Ear Infirmary Saint Luke's Hospital
Baystate Wing Memorial Hospital Falmouth Hospital Massachusetts General Hospital Saint Vincent Hospital
Berkshire Medical Center Framingham Union Hospital Melrose-Wakefield Hospital Signature Healthcare Brockton Hospital
Beth Israel Deaconess Hospital Milton Good Samaritan Medical Center Memorial Hospital Southern New Hampshire Medical Center
Beth Israel Deaconess Hospital Needham Hallmark Health System Inc Mercy Medical Center South Shore Hospital
Beth Israel Deaconess Hospital - Plymouth Harrington Memorial Hospital Metrowest Medical Center St. Joseph Hospital
Beth Israel Deaconess Medical Center Healthalliance Hospital Milford Regional Medical Center Sturdy Memorial Hospital
Beverly Hospital Heywood Hospital Morton Hospital The Shriners' Hospital for Children
Boston Childrens Hospital Holy Family Hospital at Methuen Mount Auburn Hospital The Shriners' Hospital for Children
Brigham and Womens Faulkner Hospital Holyoke Medical Center Nantucket Cottage Hospital Tobey Hospital
Brigham and Womens Hospital Kindred Hospital Boston Nashoba Valley Medical Center Tufts Medical Center
Cambridge Hospital Kindred Hospital Boston North Shore New England Baptist Hospital UMass Memorial Medical Center
Cape Cod Hospital Lahey Hospital Newton Wellesley Hospital UMass Memorial Medical Center
Carney Hospital Lawrence General Hospital North Adams Regional Hospital Winchester Hospital
Charlton Memorial Hospital Lawrence Memorial Hospital North Shore Medical Center
22. 22
• Massachusetts is home to a network of innovative, high-
quality healthcare payers. (source: NCQA)
• History of Health Plan innovation in digital health and
value based care:
– Blue Cross Blue Shield of MA Alternative Quality Contract starting in 2009
– Blue Cross Blue Shield of MA support for EHR Adoption with $50m grant in
2004
– Massachusetts won the SureScripts eRx award for the number 1
ePrescribing state for many years in a row (2007-2011 or later)
Digital Health Cluster: Payers
Aetna Health Inc. Harvard Pilgrim Health Care, Inc.
Blue Cross & Blue Shield of Mass. HMO Blue, Inc. Health New England, Inc.
Boston Medical Center Health Plan, Inc. Minuteman Health, Inc.
CeltiCare Health Plan of Massachusetts, Inc. Neighborhood Health Plan, Inc.
Connecticare of Massachusetts, Inc. Tufts Associated Health Maintenance Org., Inc.
Fallon Community Health Plan, Inc. Tufts Health Public Plans, Inc.
Harvard Pilgrim Health Care Of New England, Inc. UnitedHealthcare of New England, Inc.
24. 24
Massachusetts Digital Health Investors:
• .406 Ventures, LLC
• Aptima Ventures LLC
• Beacon Angels
• Bessemer Venture Partners
• Bolt
• Borealis Ventures
• Catalyst Health Ventures
• Collaborative Seed and Growth Partners
LLC
• Draper Fisher Jurvetson
• Egan-Managed Capital
• Excel Venture Management
• F-Prime Capital Partners
• Flare Capital Partners
• Fletcher Speight Ventures
• Flybridge Capital Partners
• General Catalyst Partners
• Google Ventures
• Highland Capital Partners
• HLM Venture Partners
• Leerink Partners
• Long River Ventures
• MassVentures
• North Bridge Venture Partners
• Polaris Venture Partners
• Sigma Prime
• Strategic Health Ventures LLC
• Summit Partners
• SV Life Sciences
• Venrock Associates
• Waterline Ventures
• Waypoint Capital
• Zaffre Investments
Investment Environment
Boston is currently ranked 3rd in the
U.S., with $651 Million in venture capital
deals in 2017
25. 25
Seed and Investment Capital
25
Massachusetts ranks second in
patent growth per capita and placed
in the top 4 of the Leading
Technology States in each category
of technology patents per capita.
MA receives more R&D
funding per capita, more National
Institutes of Health (NIH) funding as a
percentage of GDP, and produces more
academic science & engineering articles
per capita than any of the states reviewed
Massachusetts is a top destination
for federal R&D funding both in
absolute and per capita terms
Massachusetts is a top destination for
venture capital (VC)’ ranking second in
VC as a percent of GDP.
26. 26
State Digital Health Resources
• Massachusetts eHealth Institute at MassTech: State agency supporting digital health
innovation and implementation.
• MassVentures: State venture capital fund for early-stage firms
• Massachusetts Tech Transfer Center: State resource to advise and support with
commercialization of innovation
• MassDevelopment TechDollars: Loan program for nonprofits to invest in technology, can
support private nonprofit health care providers investing in digital health systems
• Health Policy Commission Healthcare Innovation Investment Program: $11 Million in
investments to help providers, health plans, and their partners to implement innovative models
that deliver better health and better care at a lower cost.
• The MassTech Intern Partnership: Provides stipends of up to $4800 to eligible start-up
companies, including digital health companies, to offset a portion of the cost of hiring a local
intern
• The Global Entrepreneur in Residence Program: Program to help entrepreneurs stay in
Massachusetts by facilitating pathways to work visas
• MassTAG: the Massachusetts Life Sciences Center leads a funding program to support
expansion and relocation of firms into Massachusetts
27. 27
Massachusetts eHealth Institute
Massachusetts has an innovative state agency, the Massachusetts eHealth
Institute at the Massachusetts Technology Collaborative (MeHI). MeHI is
accelerating digital health innovation and supporting digital health innovation
infrastructure.
Programs include:
Connected Communities: $3
Million in grants for community-
based digital health information
exchange projects
eHealth eQuality: Incentive
payments to help Behavioral
Health and Long-Term and
Post-Acute Care providers
implement health information
technology
Mass Digital Health: Supporting
digital health innovation and
entrepreneurship
28. 28
COLLABORATION:
-Strengths in Sectors that Intersect with Digital Health
-Interdisciplinary, Cross-Sector Collaboration
-Coordinated Public and Private Sector Leadership
29. 29
Cross-Sector Strengths
Massachusetts gains an
advantage from
interdisciplinary innovation
and cross-sector
collaboration.
Digital health innovation
benefits from relative strengths
in tech/software, healthcare, life
sciences and medical devices,
robotics, cybersecurity, and big
data/analytics.
30. 30
• All of the world’s top 10 largest
biopharmaceutical firms maintain
facilities here, along with 550 other
biopharma companies and more than
400 medical device makers
• Life Sciences employs over 95,000
talented workers in Massachusetts
• 10-year, $1 billion comprehensive
state initiative supporting life
sciences innovation
(source: MLSC)
Strength: Life Sciences
Strong Cluster Network:
31. 31
Strength: Big Data / Analytics
Massachusetts is home to
a robust and growing Big
Data/ Analytics industry
cluster
Source: 2015 Mass Big Data Indicators Report
32. 32
Among U.S. states, Massachusetts has the second-
most cybersecurity firms (37) among the top 500,
behind California (132), but ahead of Virginia (36).
(Source: Cybersecurity Ventures Cybersecurity 500)
IBM X-Force Command Center, headquartered and
recently opened in Cambridge, MA brings
breakthrough technology and expertise to help clients
mature their security operations at the first-ever
Commercial Cyber Range.
Strength: Cybersecurity
33. 33
• Massachusetts has 122 commercial companies in the robotics cluster;
• Between 2011 and 2015, 33 new robotics businesses were created in
Mass., up 57% from five years earlier;
• Mass. robotics companies employed 4,716 individuals;
• Mass. robotics firms generated $1.6 billion in revenue in 2015;
• Mass.-based robotics companies received over $190 million in private
investments in 2015, equal to 23% of total U.S. funding and second
highest of any state, only behind California.
(source: MassTech 2016 Robotics Report)
Strength: Robotics
34. 34
Led by Governor Charlie Baker, public and private sector
leaders have convened to build a comprehensive strategy to
make Massachusetts the leading digital health ecosystem.
Collaborative Leadership
Public and Private Leaders at the launch of
PULSE@MassChallenge, June 2016
*Renamed MassChallenge HealthTech- 2018
L-R: Dan O’Connell, CEO, Massachusetts Competitive
Partnership, Kerry Healey, President, Babson College, Steve
Samuels, Chairman and Principal, Samuels Real Estate,
Lindsay Simeone, MassChallenge, Bill Swanson,
Raytheon/MACP Chair, Governor Charlie Baker, Christian
Lagier, TechSpring, Scott Bailey, MassChallenge, Housing
and Economic Development Secretary Jay Ash, Senate
President Stan Rosenberg, Boston Mayor Martin Walsh, Jeff
Leiden, CEO, Vertex Pharmaceuticals, State Senator Eileen
Donoghue, Health and Human Services Undersecretary Alice
Moore, John Fish, CEO, Suffolk Construction, Bryan Jamele,
MACP Chief Operating Officer, & Laurance Stuntz, Director,
Massachusetts eHealth Institute at MassTech
36. 36
About Mass Digital Health
Announced in January 2016, the
Massachusetts Digital Health
Initiative, or Mass Digital Health,
is a public-private partnership
building a stronger and more
competitive digital health
ecosystem statewide.
Mass Digital Health’s mission is
to make Massachusetts the
leading global digital health
ecosystem.
37. 37
Massachusetts will further lead as the single
best destination for digital health innovation
by:
• Accelerating Digital Health Innovation
• Improving Health Data Transparency and Access
• Improving Healthcare Outcomes and Costs
Mass Digital Health Goals
38. 38
Guiding Framework
Accelerate
Innovation
Data Access &
Transparency
Improve Healthcare
Outcomes and
Costs
Talent and
Workforce
Public-Private
Partnership /
Industry-Academic
Collaboration
Data Privacy and
Security
Regional
Strategies /
Statewide
Innovation
Research and
Development
Policy/Regulatory
39. 39
Accelerating Innovation
OPPORTUNITIES:
• Build greater connectivity and community across the digital health ecosystem
• Build greater visibility and brand recognition for the sector
• Help companies succeed faster by building a more transparent & accessible statewide
customer marketplace
• Help digital health customers more easily access innovation
• Leverage state government as a buyer and supporter of digital health innovation
STRATEGIES:
• Massachusetts Innovation Catalyst Fund
• Creation of PULSE@MassChallenge- *Renamed MassChallenge HealthTech (2018)
• Investment into TechSpring at Baystate Health
• Marketplace Program
• Cluster Convening: Events and Meetups, Mentorship Events, Cluster Directory
• Align and promote public and private resources
• www.MassDigitalHealth.org and #MassDigitalHealth
• Standardized digital health technology transfer agreements across universities
• Leverage the state as a customer of digital health innovation
40. 40
Data Transparency and Access
OPPORTUNITIES:
• Company development and growth based on open data
• Improved ability of entrepreneurs to test their ideas with real data
• Connections and coordination across available data sets, helping address public health
challenges
• Leverage partnerships with the high-impact Massachusetts big data / analytics cluster
STRATEGIES:
• State data coordination to address the opioid addiction crisis (Ch. 55)
• Leverage public and university assets to support testing new innovative solutions
– MITRE Synthetic Health Data
– Massachusetts Green High Performance Computing Center Data Labs
– Massachusetts Open Cloud
• Standardize legal agreements to improve consistency and efficiency
• Promote interoperability and exchange of health data
41. 41
Improve Healthcare Outcomes
OPPORTUNITIES:
• Connect providers and patients to ensure all needed information is available to caregivers
• Analyze digital healthcare data to spot trends and predict healthcare challenges
• Leverage digital healthcare data to develop new therapies, devices, and best practices
STRATEGIES:
• Connect all statewide healthcare providers to electronic health records (MeHI’s eHealth
eQuality Program)
• Share data via health information exchange for better care coordination outcomes via the
HIway and MeHI’s Connected Communities Program
• Demonstrate innovative strategies such as telemedicine through the Health Policy
Commission’s Healthcare Innovation Investment Initiative
• Be a national leader in the shift to value-based care through innovative reform of
MassHealth
42. 42
Global Economic Connectivity
• Eastern Time Zone
• East Coast presence with national reach
• Geographically dense – benefits of clustering, plus a
manageable size
53 International
Nonstop Flights
from Boston:
Note: Includes Seasonal
Service, Source: OAG &
Innovata Schedules
43. 43
Great Quality of Life:
• Massachusetts is more affordable than California and New
York when it comes to cost of business, living and taxes
• Superior K-12 education, world-leading universities
• Outstanding healthcare offerings
• Network of social, professional, community, cultural, and
philanthropic organizations
• Great professional sports culture
Best for U.S. Expansion
44. 44
Massachusetts is a top global digital health
destination for growth, expansion, or strategic
partnerships. We want to work with you.
Connect with Us:
Massachusetts Technology Collaborative
Engage@masstech.org
(508) 870-0312
@Mass_Tech
Partner with Us
Editor's Notes
This section needs editing
New updated graph added
Good
MA Healthcare Jobs couldn’t find update on MassTLC website
Bachelor’s degrees updated with link
STEM Degrees same
Milken same
Bloomberg same
1776 same
US Digital Health Destinations updated
2015 is the most recent year for cluster data
Good
Good
Good
Good
Good
Good
Edit the Brookings statement – seems most up to date
Index Statement and Chart updated.
Good
Good
DOne
Good
Good
Active primary care physicians, nurse practitioners, specialist physicians and dentists updated (Oct 2017) from Kaiser Family website?
Others from MeHi data?
Good
Good
Updated map and venture capital numbers (significantly less from 2016)
VC ranking updated
R&D funding etc. checked
Patents checked and updated
Good
Good
Good
Same as before
Good
Good
Good
Good
Good
Good
Good
Good
Good
Good
Check for update
Have to contact the source to update?