Data Meets Healthcare

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FountainBlue’s January 14 VIP Roundtable: Data Meets Healthcare

FountainBlue’s January 14 VIP Roundtable was on the topic of ‘Data Meets Healthcare’, with opening remarks by Change Healthcare. Data is the photon that’s foundational to providing value for all stakeholders, providing energy to solutions which serve all. But the question is how do we optimize the data to provide value, optimize care at minimal costs in an industry with so many stakeholders and so much regulation? 
Although digital transformation has a huge potential to impact the healthcare sector, as it has done for other sectors, the challenges are much more complex in healthcare because of the needs of disparate stakeholders, the regulations around the industry, the slim margins of hospitals and clinics, the disillusionment of patients to the point of not engaging, etc.,
Below are some thought-provoking ideas from an engaged and informed set of executives in attendance.

  • Facilitate interoperability of data between payors, providers, patients, insurers, etc., 
  • Ensure patient ownership and access to their own data, but also provide regulations to ensure the safe, secure, and ubiquitous sharing of data which also protects the privacy of patients.
  • Address the needs of empowered consumers to provide personalized value-added solutions at scale in a way which is collaborative and scalable.
  • Support hospitals and healthcare centers to leverage data for better financial management, more efficient access and improved care metrics.
  • Use data to document and support the end-to-end patient journey from coverage and benefits to payments and insurance.
  • Invite the use of longitudinal care programs to provide ongoing personalized care and also to inform the care of others with similar conditions. 
  • Democratize and expand access to care.
  • Develop and design solutions which build patient engagement, build communities of care, and in general better leverage technology and innovation to optimize care for more people.

The pandemic has accelerated adoption of existing technologies like MRNA to accelerate drug discovery and improve care, and telehealth to expand access to care. 
The Silver Tsunami is coming with a large population reaching 65+ and therefore with the increased likelihood of chronic disease, and the need for constant care, monitoring and interaction. Let’s work together to focus on ensuring a healthy population by providing better clinical, operational and financial outcomes.

Leverage technology solutions to address any friction for providing digital services, leverage data to ensure accuracy and progress of treatments, leverage hospitals and healthcare systems to support patient acquisition and adoption of digital solutions, and work together to ensure that payers own payments, insurers embrace technology and data, and regulations facilitate the adoption of digital transformation in healthcare. 

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