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Data Privacy, Innovation Models, and AI Winters.
In my recent blog in CIO online, I discuss how health systems and health insurance companies are pooling and monetizing data and innovation assets, and how the owners of the data, i.e., consumers, should benefit from these programs. The ONC has separately issued their thoughts on this topic, specifically as it relates to how consumer data is reused and […]
Health System ITO Contract Restructuring
Health System ITO Contract Restructuring The client, a major health system, needed expert help to restructure a large outsourcing contract for improved servicequality, while adjusting contract pricing to reflect significant scope changes and market benchmarks Background The client had entered into a very large IT outsourcing contract with a global services provider with a significant […]
Predictive Analytics Use Leaps to 60%, Health Execs Report
Predictive analytics use in healthcare leapt to an estimated 60% in an annual survey— a 13-point year-over-year jump. The increase was driven by both payers and providers— and it appears to be picking up speed, according to the third annual Society of Actuaries “Predictive Analytics in Health Care Trend Forecast.” Read more
Most Healthcare Systems Don’t Have Digital Strategy Beyond EHR, Focus Group Finds
Healthcare systems are generally not looking far into a future with a digital strategy in mind, according to research by an Illinois-based consulting firm. Read more
The New Innovation Model: Monetizing Healthcare Data
The New Innovation Model: Monetizing Healthcare Data Healthcare enterprises are launching programs to monetize patient medical data by offering access to researchers and innovators. How these initiatives can benefit all stakeholders (or leave out some). As digital health innovators and healthcare enterprises alike try to improve access, convenience, and outcomes for healthcare consumers, data is […]
Commercializing Healthcare Innovation
August 19, 2019 A few healthcare enterprises have launched commercial programs offering their innovation models and their patient data as a bundled service to startups and researchers. However, there are concerns about the monetization of patient data and significant challenges in generating insights from healthcare data using AI algorithms. We have included a collection of […]
Can Highmark Successfully Commercialize the Healthcare Innovation Process?
Highmark Health is turning its internal VITAL Innovation program into a commercial offering meant to help startups test their products in real-world clinical environments. Read more
Report: Most Health Systems Still Lack Long-Term Digital Strategy
The survey of CIOs and other executives examined digital health maturation and how patient care organizations are strategizing for the future Read more
Digital Innovation is an Applied Science
August 12, 2019 In my latest podcast episode, Manu Tandon, CIO of The Harvard Medical School-affiliated Beth Israel Deaconess Medical Center in Boston discusses the benefits and challenges of being the only large health system in the country running a homegrown EHR system, and why they have not moved to one of the leading commercial EHR […]