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How "New" Tech can Heal the
Healthcare Industry
SXSW Interactive 2014 Panel Pitch
What is the current state of
healthcare IT?
• $3 Trillion per year industry, 1/3 of which is waste
• Reduced Federal Medicare / Medicaid
reimbursements
• Increased accountability via the ACA and VBP
• Increased public scrutiny due to newly-mandated
publication of performance indicators like HAI rates,
readmission rates, and HCAHPS scores
What is the current state of
healthcare IT?
• Relatively archaic, primarily on-site server-based
• Operations management often tracked manually
(spreadsheets or pen-and-paper)
• Preoccupied with ACA requirements & the
pending Meaningful Use deadline
• Based on dated, insufficient infrastructure
What barriers to hospitals face in
adopting cloud and mobile tech?
• Dated infrastructure
• Cost of legacy investment in dated systems
• Concerns over security
• Hesitation among administrators to be “first”
• Limited resources already focused elsewhere
How can “new” tech alleviate some
of the pressures hospitals face?
• Reduced operating costs & on-site hardware
requirements
• Instantaneous communication across all key users
• Improved efficiency & resource management
• Remote & mobile management capabilities
• Objective tracking & measurement
What areas of healthcare will likely
be impacted by cloud, mobile &
social tech?
• Most, if not all.
• Communications-based operations & process tracking
• Patient & equipment movement mgmt. & tracking (RTLS)
• Quality Improvement tracking & measurement
• Employee & patient engagement efforts
• Cost & reimbursement drivers like Length of Stay, LWBS
rates, Patient Satisfaction, & readmissions
How can modern tech reduce help
hospitals reduce costs while also
improving results?
• Significant improvements in efficiency through “smart” process
automation & reduced opportunities for man-made inefficiency
• Millions of dollars in cost savings compared to traditional,
cumbersome on-site server-based technology
• Helping focus limited resources where they are most needed
(maximizing clinical staff time and daily procedural capacity)
• Increasing revenue potential by maximizing bed capacity,
reducing patient wait times and length of stay, increasing number
of daily procedures performed, & reducing patient diversion rates

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SXSWi 2014 Healthcare IT Panel Pitch

  • 1. How "New" Tech can Heal the Healthcare Industry SXSW Interactive 2014 Panel Pitch
  • 2. What is the current state of healthcare IT? • $3 Trillion per year industry, 1/3 of which is waste • Reduced Federal Medicare / Medicaid reimbursements • Increased accountability via the ACA and VBP • Increased public scrutiny due to newly-mandated publication of performance indicators like HAI rates, readmission rates, and HCAHPS scores
  • 3. What is the current state of healthcare IT? • Relatively archaic, primarily on-site server-based • Operations management often tracked manually (spreadsheets or pen-and-paper) • Preoccupied with ACA requirements & the pending Meaningful Use deadline • Based on dated, insufficient infrastructure
  • 4. What barriers to hospitals face in adopting cloud and mobile tech? • Dated infrastructure • Cost of legacy investment in dated systems • Concerns over security • Hesitation among administrators to be “first” • Limited resources already focused elsewhere
  • 5. How can “new” tech alleviate some of the pressures hospitals face? • Reduced operating costs & on-site hardware requirements • Instantaneous communication across all key users • Improved efficiency & resource management • Remote & mobile management capabilities • Objective tracking & measurement
  • 6. What areas of healthcare will likely be impacted by cloud, mobile & social tech? • Most, if not all. • Communications-based operations & process tracking • Patient & equipment movement mgmt. & tracking (RTLS) • Quality Improvement tracking & measurement • Employee & patient engagement efforts • Cost & reimbursement drivers like Length of Stay, LWBS rates, Patient Satisfaction, & readmissions
  • 7. How can modern tech reduce help hospitals reduce costs while also improving results? • Significant improvements in efficiency through “smart” process automation & reduced opportunities for man-made inefficiency • Millions of dollars in cost savings compared to traditional, cumbersome on-site server-based technology • Helping focus limited resources where they are most needed (maximizing clinical staff time and daily procedural capacity) • Increasing revenue potential by maximizing bed capacity, reducing patient wait times and length of stay, increasing number of daily procedures performed, & reducing patient diversion rates