According to Renee Finley, our Vice President of Enterprise Innovation, one of the best places to see first-hand how technology is impacting medicine and healthcare is Exponential Medicine. This immersive experience was hosted by Singularity University in November 2014 with the intention to bring together a cross-section of healthcare industry experts to disrupt, innovate and collaborate on new health solutions. In our latest episode of GuideWell Insights, Renee shares her top take-aways from Exponential Medicine, and how she translates these discoveries into opportunities for GuideWell’s constituents.
Think about the possibilities in health and medicine
A world where genes can be repaired with drag and drop editing and video conferencing replaces a trip to your doctor is not that far off in the future. Preparing our enterprise for that world is precisely what Renee is tasked with doing. In the podcast, she explains that her team is focused on four major areas of health innovation:
- Biohealth technology – think genetic diagnostics and therapies;
- Digital meets physical – think wearables and the Internet of Things;
- Remote health care delivery – think home health and telehealth, and
- Computational health/next generation analytics – think interpreting Big Data to create actionable insights and meaningful interventions.
Much of what Renee learned at #xmed (the Twitter hashtag used throughout the conference) aligned perfectly with these focus areas. The following summarizes her five key findings and how she interprets health innovation trends into meaningful business outcomes:
1. Precision Medicine is within reach
As genetic diagnostics and personalized treatments move from the research laboratory to mainstream use, payers need to evolve too. Everything from formularies to member education will have to reflect these new offerings in biohealth – and ethical ramifications they pose vetted.
2. Wearable tech will evolve into convenient care
Our Fitbits and Jawbone Ups of today capture behaviors like physical activity and sleep patterns. Wearable and mobile technology of tomorrow will provide screening tests for strep throat and urinalysis that can be conducted in the convenience of home – freeing overburdened primary care physicians to treat more complex medical issues.
3. Remote health can enable “health” care not “sick” care
Dr. Allen Green, Chief Medical Officer for Scanadu and founder of drgreen.com, suggested that the days of the once-yearly visit to a primary care physician are gone. With the advent of remote health, where providers connect with patients virtually through technology, care can move from episodic to continuous. Thanks to electronic medical records, patients will have their health information centralized and available to all practitioners who engage in their health maintenance. Data from wearable and mobile devices allow practitioners greater insights than ever before on the holistic state of their patients.
4. Computational health will empower (and motivate) consumers
Discrete bits of health data serve little purpose until they are aggregated, standardized and interpreted. Here is where the power of Big Data converts into computational health. Consumers will soon realize the benefits of data partners that understand consumer behavior and health, and send prompts for consumers to take action based on their specific health profile.
5. Partnerships are critical to disrupt and bring solutions to market at a rapid pace
Brilliant minds can see far into the future and help solve for the challenges of today. Yet impacting the largest population possible with those solutions requires teamwork among disparate players. That’s why partnerships are essential, and are a goal of both Singularity University in #xmed and for GuideWell. Renee points to our collaboration with industry leaders at the GuideWell Innovation Center at Lake Nona Medical City; the value of accelerating promising start-ups through Health Box, and partnering with Crucial Care to operate GuideWell Emergency Doctors. All contribute their expertise to make the lives of consumers healthier.
Through ongoing blogs and GuideWell Insights podcasts, we’ll keep you abreast of the dynamic changes and innovations in the healthcare industry. Look for updates on the five trends noted above, and announcements on more meaningful partnerships that help us deliver on our mission: to help people and communities achieve better health.