Post on 20-Jan-2015
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© 2010 CellTrak Technologies, Inc
Future of HealthCare IT
Michael K. WonsPresident and CEO
August 2010
© 2010 CellTrak Technologies, Inc
State of Computing in HealthCare
1. ~$10B IT investment on an annual basis
2. Back-end and Clinical based solutions starting to show value but have a long way to go…
3. Most organizations are tip-toeing between innovation silos and a house of cards due to legacy system hangover and limited new development
4. Payer networks and reimbursement model is driving future investments
5. “Traditional” implementations of Back-end and Clinical based systems are moving toward more service oriented models
6. Collaborative Healthcare model is emerging
7. Agencies want the ease and simplicity of mobility but only if it is an end-to-end integration solution
8. Government stimulus and care funding becoming available
9. FDA regulation of Healthcare apps starting with Mobile solutions…
10. Privacy concerns and source-of-truth are limiting factors future success
© 2010 CellTrak Technologies, Inc
Healthcare is changing…
© 2010 CellTrak Technologies, Inc
Future of Healthcare IT
• Clinical– Quality measurements, quality reporting and business intelligence
• Process– Best practices (clinical, financial and administrative)
• Software– Usability, flexibility and customizable (carefully managed)
• Hardware– Faster, more connected technology, platforms and mobile devices
• Training– Enhanced, self-service more efficient to deployment models
• Research– Clinical trials, evidence based medicine, and pharma research
© 2010 CellTrak Technologies, Inc
Healthcare IT Foundation
• Healthcare IT is a cornerstone for the future of Healthcare– Improve Quality and Care Coordination
• Enable circle of care, timely access to patient information
– Patient Safety
• IOM Report that up to 98,000 Americans die each year from medical errors
– Patient Satisfaction• Reduce duplicative paperwork, increase access, education and
accountability
– Improve Billing and Collections
• 15 minute increments, auto calculations, time tracking, scheduling, etc…
– Clinical Research
• Participate with no workflow disruption with provider and patient revenue
– Reduce Waste, Fraud and Abuse
• Estimated $70B-$200B annually in fraud, $600B-$850B annual overall spend across North America
© 2010 CellTrak Technologies, Inc
Healthcare IT Transformation
2000 2010 2020 2030
Transactional Health – Facility-centric Era
Preventative Health – Self-service Era
• Wellness programs• Self-service intelligent devices• Proactive prevention data• Smart home devices
Collaborative Health – Provider-centric Era• Collaborative Circle of Care • Homecare • Physicians and Pharmacy connected to EHR• Treatment plans involve extended healthcare professionals
• Clinical Back-end ERP Systems• Government electronic health records (EHR) initiatives• Payer Networks – Transaction Payment Systems• Lots of information from lots of sources but missing the “source of truth”
© 2010 CellTrak Technologies, Inc
Revisiting Ten Aging in Place Trends Highlights Advancement in Technologies1. Location-aware technologies enables
more info, greater safety
2. Home automation technology vendors see possibilities
3. Mobile health app possibilities grow
4. Virtual doctors’ visits and other health innovations
5. Touch screens and eReaders
6. Big companies invest in monitoring and telehealth technologies
7. Broadband access and Internet use among seniors grows
8. Caregiver portals and tools blossom.
9. Personal emergency response systems get a makeover
10. Last but not least, VCs show interest in aging in place technology
Source: Laurie Orlov, Founder, Aging In Place Technology Watch
© 2010 CellTrak Technologies, Inc
Key Investment Buckets for Healthcare IT
Electronic Health Records (EHR)
Mobile Health
Collaborative HealthCare
Clinical Integration
Empowering Patients
1. Increased access to healthcare and health-related information
2. Improved ability to diagnose and track diseases
3. Timelier and more actionable public health information
4. Reduction in fraud in the reimbursement network
5. Patient ownership for health information
© 2010 CellTrak Technologies, Inc
Hospitals and Care Centers
Doctors and Physicians
Home and Community
CareGovernments
Payer and Health Plans
The Circle-of-Care in Healthcare is changing…
Individual
Friends
Family
Trusted Advisor
How does this
impact your
agency?
© 2010 CellTrak Technologies, Inc
Healthcare IT mHealth Q Diagram from Triple-Tree
“mHealth solutions are designed to better connect people and resources across the patient/provider continuum to enhance patient participation in health related decisions…”
© 2010 CellTrak Technologies, Inc
Homecare Market
• Home Healthcare, Hospice and Private Duty– Over 10,500 Licensed Homecare Agencies in North America
– Over 2.7 Million Field Staff (Aides, Nurses, Social Workers)
– Highly Fragmented industry in beginning stages of consolidation
– Increase in agencies, patients and technology
• Industry Challenges– Declining Reimbursements
– Nursing / Professional Shortage and Staff Retention
– Demand for Increased Productivity of Field Staff
• Homecare IT market – Fastest growing mobile workforce through 2016
– IT Investment growing to over $5B annually
– Scheduling, Time Tracking, Location Based Services and Patient Specific Care Plan solution needs
© 2010 CellTrak Technologies, Inc
Homecare enhances Circle of Care
• Homecare services expanding
• Smart homes and devices
• Self service
• Access to “trusted information”
• Improved reimbursement for providers
• Integrated solutions“Consumer preference to receive care in the
home or in a community-based setting…”
© 2010 CellTrak Technologies, Inc
Resources and Additional Information
© 2010 CellTrak Technologies, Inc
Thank You for Your Time!
For more information please visit www.celltrak.com
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