Digital health refers to technologies that improve healthcare outcomes and reduce costs. The report examines challenges facing various healthcare stakeholders and opportunities for digital solutions. Employers and payers struggle with rising costs and lack of data insights. Healthcare systems face administrative burdens and a shift to value-based care. Patients lack health information and tools for managing care. Digital health companies can help address these issues through tools like telemedicine, data analytics, and patient engagement platforms.
The number of startups entering the healthcare AI space has increased in recent years, with over 50 companies raising their first equity rounds since January 2015. Deals to healthcare-focused AI startups went up from less than 20 in 2012 to nearly 70 in 2016.
Alex Ermolaev at AI Frontiers : Major Applications of AI in HealthcareAI Frontiers
The latest AI advances have the potential to massively improve our health and well being. However, most of the work is yet to be done. In this talk, we will explore the most important opportunities for AI in healthcare. For example, we will explore how AI can diagnose major life-threatening conditions even before those conditions emerge. We will talk about AI ability to recommend dramatically more effective and less harmful treatment plans based on AI understanding of patient's medical history and current conditions. Finally, we will talk about AI role in making our healthcare system effective and affordable for everyone.
Investment trends in digital health are shifting from consumer wellness applications to clinically driven solutions that engage consumers and improve health outcomes. This reflects the convergence of technologies that drive behavioral changes to lower healthcare costs. Specifically, financing is increasingly focused on disease management and remote patient monitoring rather than fitness and wellness. Consumer-facing companies are adapting by partnering with medical institutions on clinical studies, acquiring other companies, and developing features to gather clinical data.
'The Digital Healthcare Leap' highlights insights into how digital health could be an answer to the emerging markets’ challenge to achieve sustainable growth; and leapfrog the developed nations to provide quality, affordable, universal and patient-centric care.
With increased internet and smartphone penetration, and the arrival of new affordable technological solutions in the market, digital healthcare will eventually become a fundamental business imperative. The challenge to healthcare providers for the future, is to adapt and set strategies that leverage new technology while putting patients at the heart of everything they do.
New AI innovations bring the healthcare sector to a CAGR of 54.5% by 2025 Bella Harris
The healthcare sector explores AI with innovations focusing on improved treatments. With this, AI in the healthcare industry is anticipated to grow with a healthy CAGR of more than 54.5% by 2025.
2013 Midyear Digital Health Funding by @Rock_HealthRock Health
A review of venture capital funding of digital health companies in 2013, totaling $849M through June (Q2). This report covers the major companies, investors and trends in digital health that are emerging in 2013. Purchase this report here: https://gumroad.com/l/TgefY
According to our recently published Game Changers 2020 report, we look at unique tech categories like speed-of-light chips, mind-altering medicines, and quantum cryptography.
You can read the full report, which highlights the following:
• 200 unique investors backed this year's game changers
• 20 investors backed multiple game changers
• 23 game changer companies are based in the U.S
The results are in: how can innovation win?Jill Gilbert
Speakers: Jody Holtzman, SVP - Enterprise Strategy and Innovation, AARP
The Digital Health Summit, produced by Living in Digital Times, convenes one of the broadest spectrum of health care and technology audiences in the world. The Summit features innovations and advancements in genomics, diagnostics, wearables, telehealth and more in the mobile health market which is expected to reach $26 billion by 2017. This is a must see event each year that takes place at the International Consumer Electronics Show (CES) in Las Vegas.
Website: Http://www.digitalhealthsummit.com
Twitter: http://www.twitter.com/dhsummit
Hashtags: #digitalhealthces #ces2016
Photos: https://www.flickr.com/digitalhealthsummit
The number of startups entering the healthcare AI space has increased in recent years, with over 50 companies raising their first equity rounds since January 2015. Deals to healthcare-focused AI startups went up from less than 20 in 2012 to nearly 70 in 2016.
Alex Ermolaev at AI Frontiers : Major Applications of AI in HealthcareAI Frontiers
The latest AI advances have the potential to massively improve our health and well being. However, most of the work is yet to be done. In this talk, we will explore the most important opportunities for AI in healthcare. For example, we will explore how AI can diagnose major life-threatening conditions even before those conditions emerge. We will talk about AI ability to recommend dramatically more effective and less harmful treatment plans based on AI understanding of patient's medical history and current conditions. Finally, we will talk about AI role in making our healthcare system effective and affordable for everyone.
Investment trends in digital health are shifting from consumer wellness applications to clinically driven solutions that engage consumers and improve health outcomes. This reflects the convergence of technologies that drive behavioral changes to lower healthcare costs. Specifically, financing is increasingly focused on disease management and remote patient monitoring rather than fitness and wellness. Consumer-facing companies are adapting by partnering with medical institutions on clinical studies, acquiring other companies, and developing features to gather clinical data.
'The Digital Healthcare Leap' highlights insights into how digital health could be an answer to the emerging markets’ challenge to achieve sustainable growth; and leapfrog the developed nations to provide quality, affordable, universal and patient-centric care.
With increased internet and smartphone penetration, and the arrival of new affordable technological solutions in the market, digital healthcare will eventually become a fundamental business imperative. The challenge to healthcare providers for the future, is to adapt and set strategies that leverage new technology while putting patients at the heart of everything they do.
New AI innovations bring the healthcare sector to a CAGR of 54.5% by 2025 Bella Harris
The healthcare sector explores AI with innovations focusing on improved treatments. With this, AI in the healthcare industry is anticipated to grow with a healthy CAGR of more than 54.5% by 2025.
2013 Midyear Digital Health Funding by @Rock_HealthRock Health
A review of venture capital funding of digital health companies in 2013, totaling $849M through June (Q2). This report covers the major companies, investors and trends in digital health that are emerging in 2013. Purchase this report here: https://gumroad.com/l/TgefY
According to our recently published Game Changers 2020 report, we look at unique tech categories like speed-of-light chips, mind-altering medicines, and quantum cryptography.
You can read the full report, which highlights the following:
• 200 unique investors backed this year's game changers
• 20 investors backed multiple game changers
• 23 game changer companies are based in the U.S
The results are in: how can innovation win?Jill Gilbert
Speakers: Jody Holtzman, SVP - Enterprise Strategy and Innovation, AARP
The Digital Health Summit, produced by Living in Digital Times, convenes one of the broadest spectrum of health care and technology audiences in the world. The Summit features innovations and advancements in genomics, diagnostics, wearables, telehealth and more in the mobile health market which is expected to reach $26 billion by 2017. This is a must see event each year that takes place at the International Consumer Electronics Show (CES) in Las Vegas.
Website: Http://www.digitalhealthsummit.com
Twitter: http://www.twitter.com/dhsummit
Hashtags: #digitalhealthces #ces2016
Photos: https://www.flickr.com/digitalhealthsummit
Digital Health Funding 2013 Year in Review by @Rock_HealthRock Health
A summary of the companies, investors and themes that drove digital health funding to a record $1.97B in 2013. Includes details on crowdfunding, exits, and digital health in the public markets. Purchase this report here: https://gumroad.com/l/tZYVH
Q3 2012 Digital Health Funding Report by @Rock_HealthRock Health
Highlights:
- The number of digital health deals has increased 82% from this time last year
- The total amount of investment has increased 70% from this time last year
10% of digital health investors this year are new to healthcare
A look at the key trends and challenges in applying Big Data to transform healthcare by supporting research, self care, providers and building ecosystems. Purchase the report here: https://gumroad.com/l/PlXP
HealthXL Digital Health Success Stories Report Part OneMaeve Lyons
Circulation is a digital health company that coordinates non-emergency medical transportation (NEMT) for patients through partnerships with transportation companies like Uber and Lyft. By streamlining NEMT, Circulation has helped reduce no-show rates for medical appointments from 20-25% industry average to only 8% for partner hospitals. Circulation also saves those hospitals up to 70% on transportation costs and ensures 95% of patients arrive on time for their appointments. The company works with over 1000 health facilities across 44 US states.
The Propell Group - ESSEC Business School - Digital Health InnovationJulien de Salaberry
- The document discusses a presentation on digital health and innovation in digital health.
- It provides an overview of key topics in digital health including big data, wearable sensors and devices, business models in healthcare, and funding trends.
- The presentation covers how these elements are transforming healthcare through precision medicine, remote monitoring, and new partnerships between technology companies and pharmaceutical companies.
2015 Healthcare IT Vision: Top 5 eHealth Trendsaccenture
Read about the five key Health IT trends and innovations shaping the business landscape in 2015 and beyond according to Accenture’s Healthcare Technology Vision 2015.
StartUp Health’s Annual Insights Report: The Year Digital Health Hit its Stri...Jill Gilbert
2017 is on track to be the biggest year yet for digital health funding, with almost $2.4B in deals in Q3 alone, according to StartUp Health Insights’ 2016 Q3 Report. With a record quarter on the books and no signs of funding slowing down, join the Director of StartUp Health Academy as she shares the latest market trends and advances in digital health technology and what’s in store over the next quarter, next year, and 10+ years from now.
HealthXL: How Artificial Intelligence (AI) Can Improve Research & Care Models...Maeve Lyons
Artificial Intelligence in Pharma and Care Delivery Delivering on the Promise.
Earlier this week we published a blog about the state of AI in pharma and care delivery, and we also mentioned we’d be launching an accompanying report. We’re happy share our initial report presentation as part of HealthXL’s Big Data & AI Working Group above.
In the future, HealthXL’s Working Group will go deeper into use cases and discuss other relevant industry topics such as best practices for acquiring quality data, regulatory guidelines for AI solutions, leading academic centers, and much more!
https://healthxl.co/report-artificial-intelligence-pharma-care-delivery-delivering-promise/
Calling all HealthTech start-ups. Are you looking to connect with top tier life sciences and healthcare companies to help tackle some of the world’s key digital health challenges? If so, apply now for the Accenture HealthTech Innovation Challenge.
- HealthTech innovation is disrupting healthcare and its established players
- Technology is driving a new paradigm to create better health care
- Developing markets can leapfrog their healthcare infrastructure limitations
- New opportunities are opening to shape the new paradigm
By 2018, digital drug launches and social media marketing will be standard for most major pharmaceutical companies as digital technologies transform the industry. By 2019, half of the top 100 life science companies will have conducted at least one clinical trial using wearable devices, and big data projects will have moved from pilots to production at 30% of life science research organizations. Global health data is growing rapidly and becoming more open, requiring companies to make use of this additional information to gain advantages over competitors.
This document provides an overview of new care models and technology-enabled solutions that promote connected and independent living for seniors. It highlights three main sections: an overview of trends in senior care innovation, the current solution landscape, and investment perspectives in the senior care market. The overview section discusses trends like greater technological adoption among seniors, a desire for independent living, and the potential for mass market consumer technologies to help seniors if properly marketed. The solution landscape maps out current categories of solutions like telehealth, medication management, and shared care planning. The investment section profiles the views of venture capitalists on what makes senior care solutions stand out and opportunities in the market.
AI for Healthcare Leaders: The New AI Frontier for Improved Leadership Decisi...Health Catalyst
A new frontier is expanding AI from artificial intelligence to augmented intelligence. Traditional AI has focused on improving analytics efficiency and effectiveness. Augmented Intelligence is about improving the decision-making ability of healthcare leaders.
Our goal is to support leaders in driving systemwide outcomes improvement—do we have more opportunity in readmission or depression, how should we staff the ED on weekends, how long does a nurse manager need to improve safety culture, and so on. There is an opportunity to include AI to assist in decision making in new and innovative ways. In this webinar, you will see specific frameworks and tools to use AI to close the information gap for leaders to drive outcomes improvement.
HAS 20 Virtual: Featuring a World-Class Lineup of Keynote SpeakersHealth Catalyst
The Healthcare Analytics Summit (HAS®) is going virtual this year but will still feature the same world-class experience you expect from HAS–including world-class keynote speakers. HAS 20 Virtual will showcase well-known visionaries and C-level executives from leading healthcare organizations. The summit will feature speakers who’ve battled COVID-19 in the trenches as well as other speakers adjusting to planning for the “new normal” that we all anticipate.
We’re reimagining HAS 20 in a virtual format that will be unlike any other healthcare conference you may have attended, virtual or otherwise. HAS 20 Virtual takes place September 1-3, 2020 and will feature nationally recognized keynote speakers, educational breakout sessions, and much more.
Rock Report: Smart Seating - Opportunities at the intersection of automotive ...Rock Health
This report explores existing and potential opportunities that can improve health by utilizing new advances in automotive technologies, including incorporation of biosensors. Purchase the report here: https://gumroad.com/l/YEXX
The Digitization of Healthcare: Why the Right Approach Matters and Five Steps...Health Catalyst
While many industries are leveraging digital transformation to accelerate their productivity and quality, healthcare ranks among the least digitized sectors. Healthcare data is largely incomplete when it comes to fully representing a patient’s health and doesn’t adequately support diagnoses and treatment, risk prediction, and long-term health care plans. But even with the obvious urgency for increased healthcare digitization, the industry must raise this trajectory with sensitivity to the impacts on clinicians and patients. The right digital strategy will not only aim for more comprehensive information on patient health, but also leverage data to empower and engage the people involved.
Health systems can follow five guidelines to digitize in a sustainable, impactful way:
Achieve and maintain clinician and patient engagement.
Adopt a modern commercial digital platform.
Digitize the assets (the patients) and the processes.
Understand the importance of data to drive AI insights.
Prioritize data volume.
Survey Points to Major Burnout Concerns Among CliniciansHealth Catalyst
According to a November 2019 survey, 62 percent of clinicians and other healthcare professionals view burnout as a major problem industrywide. When asked for the best way to address clinician burnout problems, the most popular solution was less-complex workflows, which is the aim of emerging point-of-care analytics solutions.
Responses to additional questions reveal more about clinician burnout experience and views on the technology designed to help:
At your organization, how big of a problem is clinician burnout?
What is the best way to solve clinician burnout problems?
What are the biggest barriers to adopting closed-loop, point-of-care analytics capabilities at your organization
What are the biggest problems arising from a lack of adopting closed-loop, point-of-care analytics capabilities?
How to Build a Healthcare Analytics Team and Solve Strategic ProblemsHealth Catalyst
Health systems have vast amounts of data, but frequently struggle to use that data to solve strategic problems in a timely fashion. A healthcare analytics team, made up of the right people with the right tools and skillsets, can help address these challenges. This article walks through the steps organizations need to take to put an effective analytics team in place. These include the following:
Recognizing the need for change.
Demonstrating the value of an analytics team.
Conducting a current state assessment.
Identifying solutions.
Implementing a phased approach.
Building a roadmap.
Making the pitch.
Putting the roadmap into action.
The article also includes the foundation skills to look for when putting together the team and tips on how best to organize.
Activity-Based Costing: Healthcare’s Secret to Doing More with LessHealth Catalyst
Delivering high-quality, cost-efficient care to specific patient populations within a service line is nearly impossible without a sophisticated costing methodology. Activity-based costing (ABC) provides a nuanced, comprehensive view of cost throughout a patient’s journey and reveals the “true cost” of care—the real cost for each product and service based on its actual consumption—which traditional costing systems don’t provide.
With the true cost of care at their fingertips, healthcare leaders can identify at-risk populations earlier—such as pregnant women diagnosed with gestational diabetes mellitus—and more quickly implement effective interventions (e.g., more scrupulous monitoring and earlier screenings). Health systems that leverage the actionable insight from ABC further benefit by implementing the same, or similar, process/clinical improvement measures across other service lines.
This document summarizes a lean transformation initiative at Ruby Hospital in Calcutta, India. Through gemba walks, the team found that only 31% of outpatients with drug prescriptions purchased them from the hospital pharmacy and only 50% purchased all prescribed items. They also found most purchases occurred during rush hours and that patients wanted to complete the purchase within 12 minutes of consultation. Process mapping, data collection, and analysis showed the biggest time wasters were walking to the pharmacy and item retrieval, contributing over 10 minutes. The root causes were identified as poor pharmacy location and unavailable inventory.
Patient Engagement: The Next Wave of Change in Healthcare ITCascadia Capital
Patient Engagement is one of the fastest growing sub verticals in Healthcare. Is it really going to solve some of the big issues plaguing the Healthcare system? We think so.
Digital Health Funding 2013 Year in Review by @Rock_HealthRock Health
A summary of the companies, investors and themes that drove digital health funding to a record $1.97B in 2013. Includes details on crowdfunding, exits, and digital health in the public markets. Purchase this report here: https://gumroad.com/l/tZYVH
Q3 2012 Digital Health Funding Report by @Rock_HealthRock Health
Highlights:
- The number of digital health deals has increased 82% from this time last year
- The total amount of investment has increased 70% from this time last year
10% of digital health investors this year are new to healthcare
A look at the key trends and challenges in applying Big Data to transform healthcare by supporting research, self care, providers and building ecosystems. Purchase the report here: https://gumroad.com/l/PlXP
HealthXL Digital Health Success Stories Report Part OneMaeve Lyons
Circulation is a digital health company that coordinates non-emergency medical transportation (NEMT) for patients through partnerships with transportation companies like Uber and Lyft. By streamlining NEMT, Circulation has helped reduce no-show rates for medical appointments from 20-25% industry average to only 8% for partner hospitals. Circulation also saves those hospitals up to 70% on transportation costs and ensures 95% of patients arrive on time for their appointments. The company works with over 1000 health facilities across 44 US states.
The Propell Group - ESSEC Business School - Digital Health InnovationJulien de Salaberry
- The document discusses a presentation on digital health and innovation in digital health.
- It provides an overview of key topics in digital health including big data, wearable sensors and devices, business models in healthcare, and funding trends.
- The presentation covers how these elements are transforming healthcare through precision medicine, remote monitoring, and new partnerships between technology companies and pharmaceutical companies.
2015 Healthcare IT Vision: Top 5 eHealth Trendsaccenture
Read about the five key Health IT trends and innovations shaping the business landscape in 2015 and beyond according to Accenture’s Healthcare Technology Vision 2015.
StartUp Health’s Annual Insights Report: The Year Digital Health Hit its Stri...Jill Gilbert
2017 is on track to be the biggest year yet for digital health funding, with almost $2.4B in deals in Q3 alone, according to StartUp Health Insights’ 2016 Q3 Report. With a record quarter on the books and no signs of funding slowing down, join the Director of StartUp Health Academy as she shares the latest market trends and advances in digital health technology and what’s in store over the next quarter, next year, and 10+ years from now.
HealthXL: How Artificial Intelligence (AI) Can Improve Research & Care Models...Maeve Lyons
Artificial Intelligence in Pharma and Care Delivery Delivering on the Promise.
Earlier this week we published a blog about the state of AI in pharma and care delivery, and we also mentioned we’d be launching an accompanying report. We’re happy share our initial report presentation as part of HealthXL’s Big Data & AI Working Group above.
In the future, HealthXL’s Working Group will go deeper into use cases and discuss other relevant industry topics such as best practices for acquiring quality data, regulatory guidelines for AI solutions, leading academic centers, and much more!
https://healthxl.co/report-artificial-intelligence-pharma-care-delivery-delivering-promise/
Calling all HealthTech start-ups. Are you looking to connect with top tier life sciences and healthcare companies to help tackle some of the world’s key digital health challenges? If so, apply now for the Accenture HealthTech Innovation Challenge.
- HealthTech innovation is disrupting healthcare and its established players
- Technology is driving a new paradigm to create better health care
- Developing markets can leapfrog their healthcare infrastructure limitations
- New opportunities are opening to shape the new paradigm
By 2018, digital drug launches and social media marketing will be standard for most major pharmaceutical companies as digital technologies transform the industry. By 2019, half of the top 100 life science companies will have conducted at least one clinical trial using wearable devices, and big data projects will have moved from pilots to production at 30% of life science research organizations. Global health data is growing rapidly and becoming more open, requiring companies to make use of this additional information to gain advantages over competitors.
This document provides an overview of new care models and technology-enabled solutions that promote connected and independent living for seniors. It highlights three main sections: an overview of trends in senior care innovation, the current solution landscape, and investment perspectives in the senior care market. The overview section discusses trends like greater technological adoption among seniors, a desire for independent living, and the potential for mass market consumer technologies to help seniors if properly marketed. The solution landscape maps out current categories of solutions like telehealth, medication management, and shared care planning. The investment section profiles the views of venture capitalists on what makes senior care solutions stand out and opportunities in the market.
AI for Healthcare Leaders: The New AI Frontier for Improved Leadership Decisi...Health Catalyst
A new frontier is expanding AI from artificial intelligence to augmented intelligence. Traditional AI has focused on improving analytics efficiency and effectiveness. Augmented Intelligence is about improving the decision-making ability of healthcare leaders.
Our goal is to support leaders in driving systemwide outcomes improvement—do we have more opportunity in readmission or depression, how should we staff the ED on weekends, how long does a nurse manager need to improve safety culture, and so on. There is an opportunity to include AI to assist in decision making in new and innovative ways. In this webinar, you will see specific frameworks and tools to use AI to close the information gap for leaders to drive outcomes improvement.
HAS 20 Virtual: Featuring a World-Class Lineup of Keynote SpeakersHealth Catalyst
The Healthcare Analytics Summit (HAS®) is going virtual this year but will still feature the same world-class experience you expect from HAS–including world-class keynote speakers. HAS 20 Virtual will showcase well-known visionaries and C-level executives from leading healthcare organizations. The summit will feature speakers who’ve battled COVID-19 in the trenches as well as other speakers adjusting to planning for the “new normal” that we all anticipate.
We’re reimagining HAS 20 in a virtual format that will be unlike any other healthcare conference you may have attended, virtual or otherwise. HAS 20 Virtual takes place September 1-3, 2020 and will feature nationally recognized keynote speakers, educational breakout sessions, and much more.
Rock Report: Smart Seating - Opportunities at the intersection of automotive ...Rock Health
This report explores existing and potential opportunities that can improve health by utilizing new advances in automotive technologies, including incorporation of biosensors. Purchase the report here: https://gumroad.com/l/YEXX
The Digitization of Healthcare: Why the Right Approach Matters and Five Steps...Health Catalyst
While many industries are leveraging digital transformation to accelerate their productivity and quality, healthcare ranks among the least digitized sectors. Healthcare data is largely incomplete when it comes to fully representing a patient’s health and doesn’t adequately support diagnoses and treatment, risk prediction, and long-term health care plans. But even with the obvious urgency for increased healthcare digitization, the industry must raise this trajectory with sensitivity to the impacts on clinicians and patients. The right digital strategy will not only aim for more comprehensive information on patient health, but also leverage data to empower and engage the people involved.
Health systems can follow five guidelines to digitize in a sustainable, impactful way:
Achieve and maintain clinician and patient engagement.
Adopt a modern commercial digital platform.
Digitize the assets (the patients) and the processes.
Understand the importance of data to drive AI insights.
Prioritize data volume.
Survey Points to Major Burnout Concerns Among CliniciansHealth Catalyst
According to a November 2019 survey, 62 percent of clinicians and other healthcare professionals view burnout as a major problem industrywide. When asked for the best way to address clinician burnout problems, the most popular solution was less-complex workflows, which is the aim of emerging point-of-care analytics solutions.
Responses to additional questions reveal more about clinician burnout experience and views on the technology designed to help:
At your organization, how big of a problem is clinician burnout?
What is the best way to solve clinician burnout problems?
What are the biggest barriers to adopting closed-loop, point-of-care analytics capabilities at your organization
What are the biggest problems arising from a lack of adopting closed-loop, point-of-care analytics capabilities?
How to Build a Healthcare Analytics Team and Solve Strategic ProblemsHealth Catalyst
Health systems have vast amounts of data, but frequently struggle to use that data to solve strategic problems in a timely fashion. A healthcare analytics team, made up of the right people with the right tools and skillsets, can help address these challenges. This article walks through the steps organizations need to take to put an effective analytics team in place. These include the following:
Recognizing the need for change.
Demonstrating the value of an analytics team.
Conducting a current state assessment.
Identifying solutions.
Implementing a phased approach.
Building a roadmap.
Making the pitch.
Putting the roadmap into action.
The article also includes the foundation skills to look for when putting together the team and tips on how best to organize.
Activity-Based Costing: Healthcare’s Secret to Doing More with LessHealth Catalyst
Delivering high-quality, cost-efficient care to specific patient populations within a service line is nearly impossible without a sophisticated costing methodology. Activity-based costing (ABC) provides a nuanced, comprehensive view of cost throughout a patient’s journey and reveals the “true cost” of care—the real cost for each product and service based on its actual consumption—which traditional costing systems don’t provide.
With the true cost of care at their fingertips, healthcare leaders can identify at-risk populations earlier—such as pregnant women diagnosed with gestational diabetes mellitus—and more quickly implement effective interventions (e.g., more scrupulous monitoring and earlier screenings). Health systems that leverage the actionable insight from ABC further benefit by implementing the same, or similar, process/clinical improvement measures across other service lines.
This document summarizes a lean transformation initiative at Ruby Hospital in Calcutta, India. Through gemba walks, the team found that only 31% of outpatients with drug prescriptions purchased them from the hospital pharmacy and only 50% purchased all prescribed items. They also found most purchases occurred during rush hours and that patients wanted to complete the purchase within 12 minutes of consultation. Process mapping, data collection, and analysis showed the biggest time wasters were walking to the pharmacy and item retrieval, contributing over 10 minutes. The root causes were identified as poor pharmacy location and unavailable inventory.
Patient Engagement: The Next Wave of Change in Healthcare ITCascadia Capital
Patient Engagement is one of the fastest growing sub verticals in Healthcare. Is it really going to solve some of the big issues plaguing the Healthcare system? We think so.
Bertus Van Niekerk: Unlocking the True Potential of Integrated Occupational H...SAMTRAC International
This presentation argues that the value of occupational health and safety, and corporate wellness programmes, can be increased exponentially through an integrated information system. This is accomplished by integrating data collected from a host of standalone safety technologies with an electronic health record, corporate wellness and ERP systems.
This document provides an overview of Synergetics' "Industry in Focus" series highlighting trends in the healthcare and life sciences industry and how Synergetics is positioned to help clients in this sector. It discusses the challenges facing third party administrators in healthcare, including balancing costs and provider reimbursement rates. It also identifies factors driving increasing healthcare costs and provides examples of ways Synergetics has helped healthcare clients improve efficiency and profitability through process improvements and technology optimization.
Digitization is bringing a sea change to a U.S. healthcare industry already facing waves of uncertainty. By taking the right steps, this can be a major opportunity for industry players.
Forecasting the future of any industry is difficult, none more so right now than healthcare in the United States. There are countless reasons why healthcare will look different in the near future, not least of which being the country's movement toward national coverage. However, digital transformation—the cumulative change that comes when digital technologies are introduced wholesale into an established industry—is poised to have an even bigger impact. For the U.S. healthcare industry, digital technology will be transformational, cutting healthcare delivery costs, eliminating errors through improved electronic medical records, and establishing routinized, evidence-based approaches to treatment.
Digital forces are pulling at the industry and significantly altering services, products, innovation, delivery, and remuneration (see figure). There are digitally integrated healthcare providers, digital medical devices and technologies, and digital delivery and monitoring of home healthcare. In addition, new ideas are emanating from developing markets, agile competitors are embracing technology, and a digital-friendly federal administration is pushing innovation. And don't forget the digital consumer who is used to digital banking, digital retailing, and digital education, and expects digital healthcare.
- See more at: http://www.atkearney.com/paper/-/asset_publisher/dVxv4Hz2h8bS/content/digital-healthcare-or-bust-in-america/10192#sthash.gP6B4uWR.dpuf
This document discusses the financial challenges facing hospital CFOs as the healthcare system transitions to value-based care. It notes that healthcare costs are rising faster than GDP and revenues, driven by factors like legislation and an aging population. This is putting pressure on CFOs to control costs. The top priorities for capital expenditures according to a survey are mergers and acquisitions to gain efficiencies of scale, investing in clinical technology and new facilities to improve patient care and outcomes, and transition to value-based models. Reduced reimbursements from Medicare, Medicaid, and insurance exchanges are a major concern as they squeeze hospital margins. CFOs must allocate scarce capital to address these challenges while implementing electronic medical records and meeting other regulatory requirements.
Chronic Care Improvement: How Medicare Transformation Can Save Lives, Save Mo...Steve Brown
Presentation by Steve Brown and Harris Miller introducing the ITAA Whitepaper: Chronic Care Improvement: How Medicare Transformation Can Save Lives, Save Money, and Stimulate an Emerging Technology Industry
Healthcare IT Services Insights - January 2016Duff & Phelps
The document discusses healthcare information technology M&A activity in the second half of 2015. Some key points:
- 209 HCIT deals were announced in 2015, similar to the 198 announced in 2014. Acquirers sought solutions for electronic health records, meaningful use, and issues affecting revenue cycles.
- Strategic buyers represented 93% of deals, with financial buyers representing the remaining 7%.
- Approximately 25% of M&A activity involved cloud-based solutions for areas like EHRs, imaging storage, and billing due to their lower costs and elasticity.
- The largest deal was the $2.7 billion acquisition of MedAssets by Pamplona Capital Management, expected to close in late January
Painsolver is a clinical decision support tool designed to improve healthcare outcomes for low back pain. It addresses limitations in how patient care is currently managed by providing evidence-based guidance, integrating recommendations into workflows, and promoting shared decision making between providers and patients. The tool aims to help organizations and providers succeed under emerging pay-for-performance models by enhancing outcomes and reducing costs over a patient's lifetime. Vertelogics believes Painsolver can help providers and organizations not just survive but thrive as the healthcare system shifts its focus to outcomes-based reimbursement.
The healthcare industry is undergoing change at unprecedented speed and magnitude, yet continues to be fraught with cost inefficiencies and disappointing clinical outcomes. In this slides you will explore an outline of the current healthcare revolution, and how innovative technology strategies, models and tools are helping improve efficiency, effectiveness, and patient experiences.
Value-Based Purchasing in healthcare is here to stay. Though the industry has come to terms with this reality, there are still more updates and changes than most of us can keep up with. In a world of accountable care, quality measures, shared savings, and bundled payments, everyone seems to have more questions than answers.
Bobbi Brown, Vice President, Financial Engagements outlines the latest announcements on Value-Based and how to prepare your organization for success in this new reality. Having previously worked in healthcare administration and finance for Kaiser, Sutter, and Intermountain, Bobbi is no stranger to translating complex legislative requirements for complex health systems.
Bobbi discusses the various programs offered by CMS, in particular:
What the programs are
How these programs are measured
What the current incentives are
Results of the programs to date
Organizational changes needed for the shift in programs
This document discusses the transition to value-based reimbursement in healthcare. It provides definitions of value-based payment models, describes results from surveys of provider organizations' adoption of these models, and summarizes recent announcements from CMS and other payers regarding goals to further shift payments to alternative payment models. Challenges in measuring quality, reducing cost and care variability, and preparing provider organizations for value-based contracts are also addressed.
Why Accurate Financial Data is Critical for Successful Value TransformationHealth Catalyst
Approximately 50 percent of CMS payments are now tied to a value component. The CMS Innovation Center has allocated nearly $5.4 billion to implement 37 value-based payment models, with 55 percent of those funds marked for development and implementation of additional value-based models. The shift towards value and consumerism is pushing providers to adopt a novel financial mindset and strategy. The key component? Accurate financial data.
In this webinar Steve Vance, senior vice president and executive advisor at Health Catalyst, explores why accurate financial data, coupled with specific tools and strategies, is critical for successful transformation.
View this webinar for key insights into thriving in a value-based environment:
- Why it’s time to embrace new payment methodologies.
- What role financial and clinical data play in value- and risk-based contracts.
- Various organizational and operational strategies for successful financial transformation.
- How Health Catalyst solutions support an innovative data-driven financial process.
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SVB digital health-report-2016
1. Digital
Health:
Opportunities for Advancing Healthcare
Steve Allan CFA
Head of SVB Analytics
sallan@svb.com
Scott Winder
Director
swinder@svb.com
Alex Lee
Manager
klee@svb.com
Emily Wengel
Associate
ewengel@svb.com
Written by SVB Analytics:
2. Table of Contents
Digital Health Report 2
3 Overview: What is Digital Health?
6 State of U.S. Healthcare: What Drives Costs and Outcomes
10
Employers and Payers:
Improving Outcomes and Lowering Costs
19
Healthcare Systems and Professionals:
Impacting Care Delivery
26
Healthcare Consumers:
Engaging Consumers, Empowering Patients
31
Digital Health Outlook:
Mapping Digital Solutions for Advancing Healthcare
33 About the Authors
36 About Silicon Valley Bank and SVB Analytics
See Appendix for complete sources and additional information.
3. What is Digital Health?
Digital Health Report 3
Solutions that use
digital technology
to improve
patients’ health
outcomes and/or
reduce the cost of
healthcare
The convergence of healthcare and technology has arrived.
Healthcare stakeholders are seeking solutions to survive and
thrive in a fast-changing regulatory and clinical environment.
At the same time, enabling technologies are becoming widely
adopted. The healthcare ecosystem is aligning around critical
areas to bring widespread advancements through digital
health solutions. SVB Analytics is examining challenges facing
a wide range of stakeholders and identifying opportunities for
digital technology.
This is the first in a series of reports on Digital Health. In this report, we will examine:
• What drives costs and outcomes of the U.S. healthcare system
• How employers and payers struggle to contain healthcare costs
• How healthcare systems and professionals are plagued by inefficiencies in care delivery
• How healthcare consumers find it challenging to be involved in and manage their own healthcare
4. Stakeholder Challenge Example Digital Health Companies
Employers
Lowering healthcare costs and improving
productivity with healthier employees
Payers
Migrating to value-based care and
adjusting risk to maintain profitability
Healthcare
Systems and
Professionals
Reducing operational challenges and
adapting healthcare delivery to the
changing regulatory and clinical landscape
Healthcare
Consumers
Gaining access to information and
guidance to better manage healthcare
decisions and disease treatment
Digital Health Report 4
Healthcare Stakeholders
Face Many Challenges
In this report, we look at the some of the largest
unaddressed markets in which digital technology
can help solve key stakeholder challenges.
7. $- $2,000 $4,000 $6,000 $8,000 $10,000
United States
Switzerland
Norway
Netherlands
Sweden
Germany
Denmark
Austria
Canada
Belgium
France
Japan
Iceland
Finland
New Zealand
United Kingdom
Italy
Portugal
Healthcare Expenditure per Capita, PPP* in USD, 2013
U.S. Healthcare Expenditures Far Outpace
Other Countries
Digital Health Report
In many respects, the U.S. healthcare system has fallen behind other developed countries
– costs more but results in less satisfaction.
7*PPP: Purchasing power parity
8. 0% 20% 40% 60%
United States
United Kingdom
Luxembourg
Canada
Finland
Germany
Israel
Netherlands
Sweden
Italy
Switzerland
Japan
Korea
% of Population that is Overweight or Obese
in OECD Countries, 2013
Obese population, >30 BMI Overweight population , 25-30 BMI
0 2 4 6
United States
United Kingdom
Belgium
Netherlands
Switzerland
Israel
France
Ireland
Denmark
Portugal
Australia
Germany
Austria
Spain
Italy
Sweden
Norway
Finland
Iceland
Death per 1000 births
Infant Mortality Rates in OECD Countries,
Death per 1000 Births, 2012
But Health Outcomes Are No Better,
Despite Investment
Digital Health Report 8
Despite higher per capita spending on healthcare in the U.S., the health outcomes are
often no better. The U.S. system remains focused on sick-care rather than upon improving
wellness and providing preventive care.
9. 11.5% 15.7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1980 2012
Administrative and Insurance Costs
Contribute to Higher Healthcare Costs
$27.1
Billion
$386.3
Billion
Increase
$413.4
Billion
Annual
administrative &
insurance-related
costs
9
U.S. Healthcare Expenditures by Category
in annual administrative
& insurance-related costs
Other (incl. Insurance
and Administrative)*
Nursing Home Care
Other Medical Durables
and Non-Durables
Prescription Drugs
Home Healthcare
Other Professional
Physician Services
Hospital Care
*"Other" includes net cost of insurance and administration, government public health activities and
other personal healthcare. Digital Health Report
11. Challenge Opportunity Example Digital Health Companies
Growing Cost of
Healthcare Benefits
Implement platforms that improve
healthcare benefit management
and lead to employer cost savings
Competition to Attract
and Retain Talent
Provide employees access to
innovative services, such as
telemedicine and genetic testing,
to better manage their health
Productivity Loss Due to
Employee Health Issues
Offer technology-based tools and
services to emphasize wellness and
preventive health
Digital Health Report 11
Overview:
Employers Face High
Healthcare Costs and
Lost Productivity
12. Healthcare Benefits Become Bigger Part
of Employee Compensation
Digital Health Report 12
7.0%
7.2%
7.4%
7.6%
7.8%
8.0%
8.2%
8.4%
8.6%
8.8%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
%ofTotalCompensation
Healthcare Benefits as % of Total Compensation
For most of the last decade, the cost of employer-paid healthcare benefits has been on the
rise when measured as a percentage of total compensation. Implementing digital health
platforms to improve healthcare benefit management and to increase price transparency
will lower the overall cost burden of employers, a primary payer in the U.S. system.
13. 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Leveraged Benefits Program to Recruit Employees
Leveraged Benefits Program to Retain Employees
Positively Used Health Care Benefits To Recruit
Positively Used Health Care Benefits To Retain
2015
2014
2013
Employers Increasingly Use Benefits
to Attract and Retain Workers
Digital Health Report 13
Increasingly, employers are leveraging healthcare and preventive/wellness benefits to
attract and retain employees. Employers are providing employees access to innovative
services, such as telemedicine and genetic testing, to better manage their health.
Percentage of Companies
14. Unhealthy Workforce Impacts Productivity
and Bottom Line
Digital Health Report 14
Improving employee health management can help reduce the impact of health-related
productivity loss, which presents opportunities for digital health companies focused on
wellness and preventive care.
Management
Supervisors spend
4.2 hours/week
managing absences
Employees
Replacement
Workers are
36.6% less
productive
Bottom Line
Absences cost
an average
15.4% of payroll
15. Challenge Opportunity Example Digital Health Companies
Consumerism is Changing
Insurance Market
Dynamics, Increasing
Pricing Pressure
Use technology tools to be more
consumer-friendly and competitive
Lack of Insight and
Tools to Accurately
Measure Risk
Use big data and machine learning
to improve risk management
Shift from Fee-Based to
Value-Based Care
Implement population health tools
that manage care delivery and
control costs by risk population
Digital Health Report 15
Overview:
Payers Seek Solutions
in Price Competitive
Marketplace
16. Emergence of Public and Private Exchanges
Increases Pricing Pressure on Payers
Digital Health Report 16*Private Exchanges: Healthcare exchange that is created by employers for their employees.
The Affordable Care Act created public exchanges; now employers are embracing private exchanges.*
Public Exchanges
Public exchanges
are expected to cover
15 million people
by 2017
Private Exchanges
An estimated
20-30% of employers
plan to create private exchanges
within 5 years
Consumers on exchanges tend to choose lower-cost plans, impacting payer revenues.
$322 is the potential annual
savings for consumers actively
shopping for coverage in 2016
As many as 66% of employees choose
plans with lower premiums when switching
to private exchange plans
Exchanges make it easier for consumers to change their health insurance plans, which
creates pricing pressure on payers.
17. Data Remains in Silos, Making Claims and
Costs Difficult to Predict
Electronic
Health Records
Medical
Claims Data
Lab Data
Government regulations and standards are
adding to challenges of controlling medical
claims and costs.
Disparate data sources impact payers’
ability to accurately access risk.
Regulatory Changes May Increase
Medical Claims and Costs
Payers Face New Challenges in Cost Control
and Risk Management
Digital Health Report 17
Ongoing difficulty in capturing and measuring standardized data remains the biggest
challenge for payers when assessing risk and medical claim costs. An opportunity exists
for digital health companies that specialize in providing risk and analytics solutions.
@
@
@
@
@
@
World Health Organization:
Implementation of ICD-10
U.S. Government:
Minimum Medical Loss Ratio
18. Payers Struggle in Shift to Value-Based Care
Digital Health Report 18
Payers Rate Value-Based Care Payment Models as More Difficult to Implement
0% 2% 4% 6% 8% 10% 12% 14% 16%
Pay for Performance
Episode of Care / Bundled Payments
Capitation
Global Payment
Other (i.e.Shared Savings)
Fee For Service
% of Payers Rating Model as Difficult to Implement
Value-Based
Care
Traditional
Payment
Model
Payers cite data standardization and analysis measures as major challenges in
implementing value-based care, especially in pay for performance and shared savings
models. Digital health solutions can help more accurately assess medical claims.
Fee for Service – Fixed fee payment for service rendered
Pay for Performance – Incentives to providers based on KPIs
Global Payments - Fixed budget of care for population of patients with sophisticated risk adjustments incorporated
Capitation – Fixed budget of care for population of patients
Bundled Payments – Single payment per episode of care
Other (Shared Savings) –Incentives to encourage cost saving
19. Digital Health Report 19
Healthcare
Systems and
Professionals:
Impacting Care Delivery
20. Challenge Opportunity Example Digital Health Companies
High Administrative
Costs
Digitize records and improve
communications and workflows
Shift to
Value-based Care
Develop new ways to analyze costs
and patient population risks to
deliver more efficient care
Explosion of Data in
Clinical Decision-Making
Implement clinical outcomes
analysis and personalized medicine
Digital Health Report 20
Overview:
Healthcare Systems and
Professionals Face Pressure
to Improve Care Delivery
21. $128 $35
$192
$131
$177
$248 Failures of Care Delivery
Failures of Care Coordination
Overtreatment
Pricing Failures
Fraud and Abuse
Administrative Complexity
Healthcare Systems and Professionals Are
Plagued by Operational Challenges
Digital Health Report 21
Lack of automation is prevalent in the industry. The majority of the inefficiencies and waste
in the healthcare system relates to administrative complexity, pricing failures and fraud and
abuse. Overlaying electronic documentation support and data analytics tools across these
disparate data silos will better identify outliers and lower total systematic costs.
Estimated Annual Cost of Operational
Inefficiencies on Healthcare System ($B)
$910 Billion
Estimated annual cost
of inefficiencies in the
U.S. healthcare system
Provision of Care
Failure of Health System
22. Healthcare Systems and Professionals Struggle
with Basic Communications
Digital Health Report 22
0 10 20 30 40
Prescribing and/or
Administering Medications
Completing Documentation
Communicating and Consulting
with Colleagues
Conducting Patient Care
Minutes per Day Wasted
Estimated Time Wasted by Care Providers Due to
Inefficient Systems and Workflow
Main Reasons Time is Wasted in
Communicating with Colleagues
Inefficient and outdated communications systems in clinical settings waste, on average, an
estimated $1.7 million annually per hospital. Deploying and mandating modern digital
health communication tools will improve health system profitability.
Text messaging is not allowed
Pagers are not efficient
Wi-Fi is not available
Email is not efficient
23. Digital Health Report 23
High Workload
Leads to Increased
Risk of Medical Error
Today the healthcare professional…
Healthcare professionals often work long shifts, which correlates with a higher frequency of
medical errors. Digital health opportunities include electronic medical records, improved
workflow management and better communications tools to help reduce medical errors.
74% of Nurses
cite stress and overwork as top concerns
Is Stressed
Only 6% of Doctors
describe their morale as positive
Faces High Workload
Over 20% of Physicians
report workload has likely contributed to patient
transfers, morbidity or even mortality
Adding a nurse FTE
leads to a 16% reduction in the odds of death
in a surgical setting
24. Value-Based Care Creates New Challenges
for Systems
Digital Health Report 24
Healthcare Systems Rate Value-Based Care
Payment Models More Difficult to Implement
0% 5% 10% 15% 20%
Pay for Performance
Episode of Care / Bundled Payments
Capitation
Global Payment
Other (i.e.Shared Savings)
Fee For Service
% of Payers Rating Model as Difficult to Implement
Episode of Care /
Bundled Payments
Other
(e,g, Shared Savings)
Value-
Based
Care
Traditional
Payment
Model50% of Medicare payments
expected to be value-based in 2018
Only 20% of healthcare CEOs
say they are ready to fully implement
value-based care
Shift to value-based care is coming…
But healthcare systems are unprepared:
Adopting value-based care requires improving outcomes while controlling costs. Healthcare systems also face
difficulty in allocating payments in value-based care models. Digital health companies can help create tools to
analyze patient risk and generate actionable insight on how to provide more efficient care.
Fee for Service – Fixed fee payment for service rendered
Pay for Performance – Incentives to providers based on KPIs
Global Payments - Fixed budget of care for population of patients with sophisticated risk adjustments incorporated
Capitation – Fixed budget of care for population of patients
Bundled Payments – Single payment per episode of care
Other (Shared Savings) –Incentives to encourage cost saving
25. Clinicians Face a Deluge of Medical Information
Increasing drug approvals
(~1600 cumulative in 2015)
Alert fatigue
More treatment &
diagnostic options
Impacts decision-making, causing errors
Over 80% of primary care
physicians believe they receive an
excessive number of alerts.
Clinicians Need Tools to Tackle
Information Overload
Digital Health Report 25
Increased academic
literature & research
~2M articles published in a
single year
Increased genomic &
mutation data
>187M DNA sequences recorded
(200 terabytes of data)
Increased
clinician stress
Imprecise
clinical judgment
Clinicians struggle to keep up with rapidly advancing medical research. They and their patients can benefit
from effective data analysis and personalized medicine to improve clinical outcomes.
26. Digital Health Report 26
Healthcare
Consumers:
Engaging Consumers,
Empowering Patients
27. Challenge Opportunity Example Digital Health Companies
Lack of Choice and
Price Transparency
Provide tools and services to
access quality healthcare at a
reasonable cost
Poor Health Literacy
Create access to online educational
material and training to improve
decision-making
Lack of Tools to Manage
Health and Wellness
Empower patients to manage their
own health, including disease
treatment and wellness
Digital Health Report 27
Overview:
Empowering Patients
Is Key to Fixing
Healthcare System
28. Digital Health Report 28
Patients Are Often
Uninformed on Costs,
Treatment Options
Healthcare consumers and patients struggle to manage their own healthcare due to limited
access to relevant healthcare information. Digital health companies can empower patients
through better search tools, pricing transparency solutions, disease management apps and
other patient engagement solutions.
Lacks information on disease As few as 13% of patients
with chronic disease were provided health education
Only 13% of patients
were given a range of treatment prices
Lacks information on cost
Lacks health literacy Up to 35% of patients
have no or only basic health literacy
Today the patient…
29. $966
$840
$783 $799
$500
$600
$700
$800
$900
$1,000
PredictedcostsperpatientEngaged Patients Correlate with Lower Costs and
Better Outcomes
Digital Health Report 29
Lower readmission rates
Higher survival rates
• Higher rates of medical errors
• Less likely to follow healthcare
professional’s advice
Poorer Outcomes Better Outcomes
Higher Costs Lower Costs
Healthcare costs for the least-engaged patients are
21% higher than those for the most-engaged patients
Least Engaged Most Engaged
30. 24%
38%
31%
6%
1%
To be Completely in Charge
To Make Final Decision with Doctor input
To Make Joint Decision with Doctor
To Give Input with Decision made by
Doctor
For Doctor to be Completely in Charge
Patients Want to Be Active Decision-Makers
Digital Health Report 30
More than 90 percent of adults say they want to be actively involved in decision-making with their doctors, and
24 percent want to be completely in charge. Looking ahead, patients’ interest in their own healthcare
represents opportunities for digital health technologies that empower patients.
Asked how much they want to be involved in their
healthcare decisions, patients wanted…
For Doctor to Be
Completely in Charge
To Give Input with Decision
Made by Doctor
To Make Joint Decision
with Doctor
To Make Final Decision
with Doctor Input
To Be Completely in Charge
Patient Actively
Involved
Doctor Makes
Final Decision
31. Digital Health Report 31
Digital Health
Outlook:
Mapping Digital Solutions
for Advancing Healthcare
32. Clinical Operations
Patient Surveillance
Image Management /
Analytics
Electronic Medical Records
Decision Support & Analytics /
Predictive Medicine
Marketing / Customer
Experience
Networking /
Education
Care Coordination /
Communication
Population Health Management Practice Management &
Operational Workflows
Digital Health Companies Are Changing the Face of Healthcare
Digital Health Report
Patients / Consumers
32
Digital health companies are innovating in the healthcare space by focusing on improving outcomes and reducing costs. In the next report,
we will evaluate the most promising opportunities and solutions that address the needs of patients and healthcare consumers.
FocusonHealthOutcomes
Employers / Payers
Life Science / Other Systems / Healthcare Professionals
FocusonHealthcareCosts
TelemedicineRemote
Monitoring
Patient-Clinician
Communication
Digital Therapeutics /
Pill Plus
Patient /
Professional
Interaction
Fitness / Wellness /
Wearables / Tracking
Insurance SearchGenetic Screening
Education
Social Support Professional Search
Disease / Medication
Management
Enterprise Wellness
Risk Adjustment / Payer
Administration
Value-Based Care
Enterprise Health
Management
Data Driven PayersPatient Engagement /
Benefits
R&D
Operational
33. About the Authors
Digital Health Report 33
Steve Allan, CFA
Steve Allan is the Head of SVB Analytics, responsible for the
three areas of information services provided to the
innovation economy: Strategic Advisory Services,
Compliance Valuations, and Insights. Strategic Advisory
Services provides consultative guidance around valuations,
benchmarking and inorganic growth strategies. Compliance
Valuations issues valuation opinions for private companies.
Insight focuses on studying trends and opportunities in the
private venture-backed innovation ecosystem. Steve brings
a strong financial background and passion for
entrepreneurship to his role at SVB Analytics.
Steve earned a master’s in business administration
from Duke University's Fuqua School of Business and a
bachelor's degree in finance from the University of
Notre Dame.
Head of Analytics
sallan@svb.com
Emily Wengel
Emily Wengel is a Valuation Associate with SVB Analytics,
responsible for conducting due diligence and financial analysis
on valuation engagements for early-stage, venture-backed life
sciences companies.
Prior to joining SVB Analytics, Emily worked as a business analyst
at BioMotiv, an early stage biotech accelerator. Emily graduated
cum laude from University of Pennsylvania, where she earned a
bachelor of science in economics and a bachelor of arts in
biology.
Associate
ewengel@svb.com
Alex Lee
Alex Lee is a Valuation Manager at SVB Analytics,
responsible for conducting due diligence and financial
analysis on valuation engagements for venture-backed
companies in the Life Science sectors.
Prior to joining SVB Analytics, Alex worked as a consultant
for biopharmaceutical companies, diagnostic companies
and medical research institutions, assisting in corporate
development, product commercialization and strategic
advisory activities. Alex holds a master’s of bioscience
degree from Keck Graduate Institute and a bachelor’s of
science degree in biochemistry from the University of
Nebraska-Lincoln.
Manager
klee@svb.com
Scott Winder
Scott Winder is a Director at SVB Analytics, responsible for
managing client valuation assignments and issuing valuation
opinions. Prior to joining SVB Analytics, Scott was a manager in
the Business Valuation practice of Deloitte Financial Advisory
Services LLP based in San Francisco. While at Deloitte, Scott
provided financial advisory services related to mergers and
acquisitions, accounting compliance, tax reporting and strategic
planning for clients in the technology and life sciences industries,
with particular experience in the biotechnology and
biopharmaceutical industry segments.
Scott holds a master's degree in business administration from
the Haas School of Business (University of California at Berkeley),
and a bachelor’s degree in human biology from Occidental
College.
Director
swinder@svb.com
34. Appendix: Sources
Digital Health Report 34
Slide 7: U.S. Healthcare Expenditures Far Outpace Other Countries
• “OECD Health Statistics 2015.”
Slide 8: But Health Outcomes Are No Better, Despite Investment
• “OECD Health Statistics 2015.”
Slide 9: Administrative and Insurance Costs Contribute to Higher
Healthcare Costs
• Centers for Medicare & Medicaid Services, Office of the Actuary. Data
released January 7, 2014
Slide 12: Healthcare Benefits Become Bigger Part of Employee
Compensation
• “Employment Cost Trend.” US Bureau of Labor Statistics. Last
modified June 30, 2015.
Slide 13: Employers Increasingly Use Benefits to Attract and Retain
Workers
• “2015 Strategic Benefits Survey – Leveraging Benefits to Recruit
Employees.” Society For Human Resource Management (SHRM).
Slide 14: Workforce Impacts Productivity and Bottom Line
• “Total Financial Impact of Employee Absences in the U.S, 2014.”
Society For Human Resource Management (SHRM).
Slide 16: Emergence of Public and Private Exchanges Increase
Pricing Pressure on Payers
• “Potential Savings from Actively Shopping for Marketplace Coverage
in 2016.” Kaiser Family Foundation.
• “Examining Private Exchanges in the Employer-SponsoredInsurance
Market” Kaiser Family Foundation. September 2014.
• “Private Health Insurance Exchanges.” Kaiser Family Foundation.
• “The Budget and Economic Outlook: 2016 to 2026.” Congressional
Budget Office.
Slide 18: Payers Struggle in Shift to Value-Based Care
• “The 2014 State of Value-BasedReimbursement and the Transition
from Volume to Value in 2014.” McKesson Corporation.
Slide 21: Healthcare Systems and Professionals Are Plagued by
Operational Challenges
• Donald M. Berwick and Andrew D. Hackbarth, “Eliminating Waste in
US Health Care,” JAMA 307, no. 14 (April 11, 2012):1513–6.
Slide 22: Healthcare Systems and Professionals Struggle with Basic
Communications
• “The Imprivata Report on the Economic Impact of Inefficient
Communications in Healthcare.”June 2014.
Slide 23: High Workload Leads to Increased Risk of Medical Error
• Sandeep Jauhar. “Why Doctors Are Sick of Their Profession.” Wall
Street Journal. August 29, 2014. http://www.wsj.com/articles/the-u-
s-s-ailing-medical-system-a-doctors-perspective-1409325361
• Paul G Shekelle. ”Effect of Nurse-to-Patient Staffing Ratios on
Patient Morbidity and Mortality.” in Making Health Care Safer II: An
Updated Critical Analysis of the Evidence for Patient Safety
Practices. Rockville (MD): Agency for Healthcare Research and
Quality (US); 2013 Mar. (Evidence Reports/Technology Assessments,
No. 211.)
• Henry J. Michtalik. et al. “Impact of Attending Physician Workload on
Patient Care: A Survey of Hospitalists.” JAMA Intern Med.
2013;173(5):375-377. doi:10.1001/jamainternmed.2013.1864.
35. Appendix: Sources (continued)
Digital Health Report 35
Slide 24: Value-Based Care Creates New Challenges for Systems
• “The 2014 State of Value-BasedReimbursement and the Transition
from Volume to Value in 2014.” McKesson Corporation.
• “The State of Population Health: Numerof Survey Report.” 2016.
• “Just 20% of health care CEOs are ready to get rid of fee-for-service.”
The Advisory Board Company. 2015
Slide 25: Clinicians Need Tools to Tackle Information Overload
• Amanda Hall and Graham Walton. “Information overload within the
health care system: a literature review.” Health Information &
Libraries Journal, 21: 102–108. doi: 10.1111/j.1471-
1842.2004.00506.x
• Information Overload and Missed Test Results in Electronic Health
Record–BasedSettings JAMA Intern Med. 2013;173(8):702-704.
doi:10.1001/2013.jamainternmed.61.
• FDA
• “GenBank and WGS Statistics.” National Center for Biotechnology
Information. August 2015.
• Lutz Bornmann and Rüdiger Mutz. “Growth rates of modern science:
A bibliometric analysis based on the number of publications and
cited references.” Journal of the Association for Information Science
and Technology. 66: 2215–2222. doi: 10.1002/asi.23329
Slide 28: Patients Are Often Uninformed on Costs, Treatment
Options
• Ritsema TS, Bingenheimer JB, Scholting P, Cawley JF. Differences in
the Delivery of Health Education to Patients With Chronic Disease by
Provider Type, 2005–2009. Prev Chronic Dis 2014; ;11:130175. DOI:
http://dx.doi.org/10.5888/pcd11.130175
• Blumenthal-Barby, et al. The NeglectedTopic: Presentation of Cost
Information in Patient Decision Aids. Med Decis Making May 2015
vol. 35 no. 4 412-418
• “America’s Health Literacy: Why We Need Accessible Health
Information.” US Department of Health and Human Services. 2008.
Slide 29: Engaged Patients Correlate With Lower Costs and Better
Outcomes
• “Chronic Care: A Call to Action for Health Reform.” AARP Public
Policy Institute.
• Suzanne Mitchell, et. al. Patient Activation and 30-Day Post-
Discharge Hospital Utilization. Jornal of General Internal Medicine.
2013. 2014 Feb;29(2):349-55. doi: 10.1007/s11606-013-2647-2.
• Judith H. Hibbard, et. al. “Patients With Lower Activation Associated
With Higher Costs; Delivery Systems Should Know Their Patients’
‘Scores.’” Health Aff February 2013 vol. 32 no. 2 216-222. doi:
10.1377/hlthaff.2012.1064
• David H. Gustafson et al. An eHealth System Supporting Palliative
Care for Patients with Non-small Cell Lung Cancer: A Randomized
Trial. Cancer. 2013 May 1; 119(9): 1744–1751; doi:
10.1002/cncr.27939.
Slide 30: Patients Want to Be Active Decision-Makers
• “The State of Patient Engagement and Health IT” HIMSS. 2014.