healthcare it deployment & roi by mr. rana mehta
TRANSCRIPT
PwCOctober 2016
Complexity is now “Institutionalized”ICD 10 : 70,ooo ways to get sick, hurt or mortally injured
10
Diagnosis
Data Processes
PwCOctober 2016
The state of healthcare industry is akin to diabetes :
Providers
Payers`
Government
Pharma Companies
Medtech Players
Patients
PwCOctober 2016
Patients confidence is at an all time low :
12
Source: PwC’s Customer Experience in Healthcare survey; Cisco Connected Customer Experience Report
55% of patients trust the Internet more than the doctor
75% want to move from informed consent to shared decision making
PwCOctober 2016
And therapies are having deleterious effects
6
Survival rates are not improving
Aggressive treatments have unforeseen and often devastating consequences
Cancer has a language problem
PwCOctober 2016
The clock is already ticking, Is time ripe for healthcare?
The world’s largest taxi company, owns
no vehicles
The world’s largest accommodation provider, owns
no real estate
The most valuable retailer, owns no
inventoryThe world’s most popular media owner, creates no
content
Technology is helping disrupt conventional healthcare business models…
Improved health
outcomes
Reduction in cost and re-
admission ratesImproved clinical
workflows
EHR
HISmHealth
/ Tele-medicin
e
Cloud computin
g
Concierge medical services
PwCOctober 2016
Business models are already exhibiting the various elements of successful disruptors
17
Our daily lives have been overhauled owing to multiple disruptive innovations
Stay Exercise Travel Connect
Buy
Home healthcare
A disruptive healthcare business model must include all the above elements
Continuous vitals
monitoringDoctor at
HomePatients feedback
mechanism
Value-based
outcomes
PwCOctober 2016
Disrupting what’s “static” will be the cornerstone of the new entrants’ business models
20
$391BGlobal
nutritionmarket
$236.5BSporting
goodsand apparel
$595BWeight loss
industry
$8.02BMobile
health apps
$114BAlternative medicine
$48BMedical tourism
$3.1BWearable
devices
$19.4BRPM/
Telemedicine
$78.4BGlobal fitness
industry
Global ancillary & wellness
market : USD
1.49 Trillion
Government & private providers : USD 8.1 Trillion
Disruption is not going to come from traditional healthcare sources, will come from the new entrants willing to play around the conventional modalities
PwCOctober 2016
How would Jeff Bezos run a hospital?
21
Build scale first , worry about profits later
Expand the customer base
Know your customers, build that data base
News like Healthcare is the most perishable commodity
Technology provider to the healthcare industry
PwCOctober 2016
23
“INNOVATION, INNOVATION, INNOVATION”
Everybody’s doing it !
What really works and is it scalable?
Prev
entiv
e C
are
Prim
ary
Car
e
Imm
edia
te C
are
Long
Ter
m
Car
e
Hom
e N
ursi
ng
Res
iden
tial C
are
End
of L
ife
Car
e
Private Healthcare ProvidersExtension of Care
Out
Pat
ient
C
onsu
lt
Emer
genc
y
Trea
tmen
t An
cilla
ries
Dia
gnos
tics
Inpa
tient
C
are
Extension of Care
ROI Across the Healthcare Continuum
PwCOctober 2016
25
Section 4 – Healthcare in a perpetual crisis
Making Change Happen for a true ROI
STEPS
PwCOctober 2016
Changing physician lives!
9
Medical interns have met with depression criterion at some point in their lives
46%
45% Physicians are facing symptoms of burnout
PwCOctober 2016
What lessons can we learn?
24
1Push the Hard ROI document the soft ROI
2Build Clinical Champions
4 Report the outcomes to the leadership
5 Showcase the results“Operational Buy In”
3 Establish a baseline