With stronger technology and analytics , the Healthcare industry can better understand a given patient population and develop effective solutions to change behavior and drive better clinical outcomes .
August 2016
WHAT ’ S DRIVING THE EVOLUTION OF TECHNOLOGY IN THE HEALTHCARE ENVIRONMENT , AND WHAT ARE THE IMPLICATIONS OF THESE ADVANCES ?
The EMR investment cycle created a lot of infrastructure to capture information . The next evolution is to extract that information and marry it with other data sets to create actionable intelligence to improve patient outcomes and enhance provider and hospital performance , operating efficiency , compliance and patient satisfaction .
BILL SUDDATH , MANAGING DIRECTOR There ’ s no question the reimbursement and regulatory environment is driving change in Healthcare delivery models . Government and commercial payers are focused on value-based reimbursement initiatives , and in turn providers are being forced to implement IT systems and processes to measure and manage care in this new reimbursement environment . This is prompting significant attention on clinical and performance analytics as well as patient satisfaction and engagement solutions , among other areas of investment .
In Healthcare IT , there is increasing activity around extracting data from existing resources – the electronic medical records ( EMR ), medical claims , pharmacy claims , lab data and the like – and analyzing that information . Healthcare is no longer managed on a per-encounter or per-episode basis . Now , it ' s much more about managing populations or specific patient cohorts . With stronger technology and analytics , the Healthcare industry can better understand a given patient population and develop effective solutions to change behavior and drive better clinical outcomes .
MANISH GUPTA , DIRECTOR That ’ s absolutely true in the Medical Technology ( MedTech ) space as well . Although macroeconomic trends and regulatory reforms are pressuring the Healthcare industry at large , MedTech companies are increasingly leveraging technology to develop integrated solutions that empower clinicians and patients by providing more and patient-specific data combined with conventional tools . As a result , patient care is rapidly transforming from a one-size-fits-all approach to more personalized care that leverages patient-specific and data-driven insights to develop treatment protocols .
Finally , the relatively recent explosive growth in wearables and smartphones is contributing to the consumerization of healthcare , enabling individuals to take increasing control of their health .
RYAN MAUSEHUND , MANAGING DIRECTOR Those macrodynamics are certainly shaping the broader landscape but , when we talk about watershed evolutionary moments in Life Sciences , we ’ re talking about specific breakthroughs that have unlocked doors and changed the way
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