Baird Global Healthcare Report 2016-2017 Global Healthcare Report - Page 5

With stronger technology and analytics, the Healthcare industry can better understand a given patient population and develop effective solutions to change behavior and drive better clinical outcomes. August 2016 WHAT’S DRIVING THE EVOLUTION OF TECHNOLOGY IN THE HEALTHCARE ENVIRONMENT, AND WHAT ARE THE IMPLICATIONS OF THESE ADVANCES? BILL SUDDATH, MANAGING DIRECTOR There’s no question the reimbursement and regulatory environment is driving change in Healthcare delivery models. Government and commercial payers are focused on value-based reimbursement initiatives, and in turn providers are being forced to implement IT systems and processes to measure and manage care in this new reimbursement environment. This is prompting significant attention on clinical and performance analytics as well as patient satisfaction and engagement solutions, among other areas of investment. In Healthcare IT, there is increasing activity around extracting data from existing resources – the electronic medical records (EMR), medical claims, pharmacy claims, lab data and the like – and analyzing that information. Healthcare is no longer managed on a per-encounter or per-episode basis. Now, it's much more about managing populations or specific patient cohorts. With stronger technology and analytics, the Healthcare industry can better understand a given patient population and develop effective solutions to change behavior and drive better clinical outcomes. The EMR investment cycle created a lot of infrastructure to capture information. The next evolution is to extract that information and marry it with other data sets to create actionable intelligence to improve patient outcomes and enhance provider and hospital performance, operating efficiency, compliance and patient satisfaction. MANISH GUPTA, DIRECTOR That’s absolutely true in the Medical Technology (MedTech) space as well. Although macroeconomic trends and regulatory reforms are pressuring the Healthcare industry at large, MedTech companies are increasingly leveraging technology to develop integrated solutions that empower clinicians and patients by providing more and patient-specific data comb [Y]۝[[ۘ[ˈ\H\[ ]Y[\H\\YH[ٛܛZ[™HHۙK\^KY]X[\X[ܙH\ۘ[^Y\H]]\Y\]Y[ \XYX[]KY][[Y][X]Y[˂[[KH[]][HX[^]Hܛ[X\X\˜[X\ۙ\\۝X][Hۜ[Y\^][ۈقX[\K[X[[]YX[ZH[ܙX\[۝وZ\X[ PSPUTRS PSQSTPԂHXXܛ[[ZX\H\Z[H\[HY\[\H] [H[X]]\Y]][ۘ\B[Y[[YHY[\x&\H[[X]XYXXZY]]H[Yܜ[[YH^B‚