Healthcare & Technology - Microsoft€¦ · Healthcare consultant, specializing in start-up...

Technology

for

Healthcare

Presented by Theresa Bateman for

Agenda

My background 5 min

Problems to Solve in Healthcare 5 min

Healthcare Data & Technologies 10 min

Partners in Healthcare Technologies 5 min

Healthcare Technology Growth 5 min

Questions and Answers 10 min

My

background

Who am I?

Theresa Bateman

Grew up outside Detroit, MI and now live in Silicon Valley in CA

Healthcare consultant, specializing in start-up companies and

new products/services

Healthcare & technology are growing fields constant student

A patient and caregiver

My mission:

Enable exceptional patient care through advanced

technologies

My Career Path

Education

In high school, participated in pre-engineering programs

B.S Electrical Engineering w/Mathematics minor - Western Michigan University

M.S. Medical Informatics - Northwestern University

Certified Professional in Heath Information Management Systems (CPHIMS)

Jobs

Engineer for medical devices used by diabetic patients

Information Technology “IT” business software for medical device company

Health technology solutions for developing countries

Startup for health data reporting to the US government

Startup for mobile apps used by doctors and patients

Independent consultant in healthcare

Problems to

Solve in

Healthcare

Healthcare Costs in US

Annual U.S. healthcare spending in 2013 was $2.9 Trillion1, the most

costly in the world. Estimated $24,671/year for family of four 2.

Annual U.S. healthcare spending is 17% of the overall US economy3,

where other countries are 8-9%.

Annual spending is expected to grow to 20% in 20204, due to:

Aging US population – 10,000 people turn 65yr. every day5

Increased life expectancy

Chronic health problems (Diabetes, high blood pressure, …)

Newly insured people with new policies (like Obamacare)1 https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NHE-Fact-Sheet.htmlhttp://www.forbes.com/sites/danmunro/2014/02/02/annual-u-s-healthcare-spending-hits-3-8-trillion/

2 http://www.milliman.com/mmi/

3 http://www.usgovernmentspending.com/percent_gdp

4 https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/ReportsTrustFunds/Downloads/ProjectionMethodology2013.pdf

5 http://www.pewresearch.org/daily-number/baby-boomers-retire/

Proposed Solution: Triple Aim1

Enablers for this revolution are:

Pay for health outcomes,

rather than services

Patient empowerment/

engagement

Healthcare technology

tools

1http://www.ihi.org/engage/initiatives/tripleaim/pages/default.aspx

Healthcare

Data &

Technologies

Traditional Healthcare Data Sources

Electronic Medical/Health Records (EMR or

EHR)– Biometrics, symptoms, diagnosis, lab

results, radiology images, medications, doctor’s

notes, patient instructions for follow-up

Pharmaceuticals – outcomes or side-effects of

prescribed or over-the-counter drugs

Medical Devices - blood pressure,

medication pump/drip, robotic

surgery info, imaging systems,

camera pills, etc.

Emerging Healthcare Data Sources

Consumer wearables - identify different states & duration in each state based on accelerometrydata. These may have bio-sensing abilities. Challenges include variation, missing data, and accuracy.

Genetics – Indicators to research and possibly predict/cure diseases. Challenges include ethical issues, government regulation, data analysis of enormous data sets.

Telemedicine – Mobile apps for diet/fitness,

med reminders, pre/post surgery checklist,

communicate with doctors, and many more.

Video doctor visits and remote-monitoring

devices on the rise. Challenges include

patient acceptance and doctor concerns of

malpractice.

How can we make this data useful to

improve healthcare and health of individuals?

Useful Data for Analysis & Decision Making

Standardize - data types and also data collected

Interoperable – to easily exchange data

Secure – To avoid data breaches with ability to

allow patients to decide who to share their data

Organize - sorting, grouping

Accessible – To clinicians, patients,

caregivers

Partners in

Healthcare

Technologies

Consumers of Health Technologies

Clinicians (doctors, nurses) – How to best treat their patients

Pharmacists – Ensure no drug interactions or allergies concerns

Technicians (lab, X-ray) – Ease to ensure accuracy

Patients – Understand health, hopefully to make healthier choices

Caregivers – Support patients

Health Coaches – Track behavior & results to motivate

Payers/Insurers – Confirm value and benefits

Creators of Health Technologies

Definition - Marketing, Research & Development, Regulatory

Development – Engineers, Chemists, Micro-biologists, Psychologists,

Material Scientists, …

Testing – Clinical Studies, Quality Assurance

Launch - Sales, Distribution

Support - Customer Service

Administration - Executive Management, Finance

Growth in

Healthcare

Technologies

Opportunities

Digital Health = intersection of healthcare and technology. These are technology-enabled solutions for health, which excludes stand-alone items like medical devices and mobile phones.

In 2014, $4.3B invested in digital health, and 2015 is trending the same1.

Digital Health funding grows faster than other industries like software, biotech, and medical device sectors1.

Publicly-traded digital health stock outperformed the broader S&P 500 companies in the first half of 20151.

It’s projected that the number of jobs will grow 22% by 20222

1 http://rockhealth.com/reports/digital-health-2015-midyear/

2 http://burning-glass.com/wp-content/uploads/BG-Health_Informatics_2014.pdf

Science, Technology,

Engineering, Arts & Math

(STEAM)

Building blocks for healthcare

and more