I recently presented on the topic of Disruptive Innovation. Like many things in life, the speaking opportunity happened by accident. I was asked to fill-in for Netsmart Chief Operating Officer Tom Herzog who had a previous commitment. Since Tom is an inspiring speaker, especially on this topic, I was a little intimidated. After looking at his slides, I realized he and I came at Disruptive Innovation from different perspectives. Tom’s take was very technology-oriented and mine more clinical.
After delivering a fascinating view on the potential applications of big data and analytics in healthcare at the 2013 Knowledge Network event, Jeff Hammerbacher, who was responsible for conceiving, building and leading the data team at Facebook, and is now leading a team partnered with Mt. Sinai School of Medicine on a project designed to apply the power of Big Data to predicting and understanding the process and treatment of disease, was asked a simple question: What do you think is the biggest opportunity to apply big data in healthcare right now? His reply: Understanding what is currently happening across the healthcare ecosystem would be a good place to start. For a pioneering disruptive thinker like Mr. Hammerbacher to offer such a simple actionable item as his first thought, tells you we have much work to do to harness the opportunity in front of us to make better use of data.
You’ve heard the buzz, ICD-10 will be delayed a year now that President Obama has signed the bill. At Netsmart, we believe the delay to ICD-10 implementation simply forestalls the inevitable. All current activities from Accountable Care, Meaningful Use, and Mental Health Parity are based upon a shift from pay-for-quantity to pay-for-quality.
The Health Information Technology for Economic and Clinical Health Act (HITECH Act) outlined the adoption of electronic health records (EHRs) through Meaningful Use. The MU requirements include functional capabilities for clinical decision support rules. Any organization or provider going after MU incentive dollars are getting acquainted with decision support functionalities.