Partner Ecosystem: Part 1

By: Stacey Kinkead, Chief Product and Operating Officer

All In: We Need to Work Together to Transform Healthcare

I was recently invited to speak on a panel for the Mobile Future Forward Conference. The event theme was “Connected Intelligence: Exponential Ecosystems”.  A great event with interesting topics and experts talking about 5G, AI, IoT, Blockchain, cybersecurity and more.

The conference was focused on the intersection of each of  these technologies and the power of connecting this massive intelligence in order to change how we invent and ultimately live.

When people asked about my role, most responses were  “we’re trying to get into healthcare but haven’t figured out how”. I realized, at that moment, that in explaining what MultiScale Health Networks does, people on the outside of healthcare needed to first understand the core problems inside the healthcare industry so that healthcare could be part of the conversation.

Here is what those outside of healthcare need to know about healthcare and why we need healthcare to be part of every technology innovation discussion:

State of the State

  • Healthcare issues are bigger than the sum of its parts: $3.2 Trillion spent in US healthcare; $1 Trillion wasted; 50% from inefficient care, 20% from administrative overhead

  • Robust health system ecosystems are poised and ready to address challenges

    • There are over 100 Healthcare technology companies in the US alone (source: Healthcare Informatics)

    • VC Healthcare funding is at an all time high (Lagasse, Jeff (2018, July, 12). Healthcare venture capital soaring toward $15 billion in 2018. HealthcareITNews.)

  • But…. the ecosystem is challenged by boxed-in thinking and limiting technologies

    • Healthcare is reactive, disjointed, siloed and stuck in a world with limited mobility and communication

    • Data is trapped in siloed legacy systems with healthcare IT deciding what gets done vs. what’s best for the clinicians and by proxy, the patients

    • Target state is real-time, predictive, collaborative, mobile and provider and patient-centric

    • Decision-making gets shifted to the builders and operators (clinicians) because technology is no longer the blocker but instead the enabler

    • Innovation is focused on working within the current state vs. “what if” state e.g. applying new tech to old approaches that aren’t working (EMR…)

The “What If” and Reality of MultiScale

Gartner Research defines the Real-Time Health System (RTHS) as a management and operating paradigm for the next-generation healthcare provider. A RTHS can capture data, synthesize information, determine actions and orchestrate resources to achieve clinical and business results.

An RTHS operating paradigm has direct impact on:

  • care delivery

  • administrative processes

  • the patient and clinician experience; and

  • the health system’s network of partner organizations. It becomes the foundation for digital business and digital care delivery for a health system

At MultiScale we believe that getting the right information to the right decision makers in real-time is a fundamental RTHS data requirement. To achieve this, we believe health systems need an RTHS infrastructure. We believe this can be achieved with a common operational platform across all departments and disciplines, and that it must integrate all data and people. This is the key to enabling a RTHS with a powerful clinical communication and collaboration hub.

More to come in the next post on how we’re enabling health care to build their own real time systems.