Welcome!

@CloudExpo Authors: Elizabeth White, Yeshim Deniz, Zakia Bouachraoui, Liz McMillan, Pat Romanski

Related Topics: @CloudExpo, Agile Computing, @DXWorldExpo

@CloudExpo: Blog Post

Hang on Healthcare; 2017 Promises to Be Another Thrill Ride of a Year | @CloudExpo #Cloud #BigData #Analytics

2017 suggests continued upheaval in healthcare

Hang on Healthcare; 2017 Promises to Be Another Thrill Ride of a Year
By Sanjeev Agrawal, President and Chief Marketing Officer, LeanTaaS iQueue

2016 was a year of dips and dives, twists and turns. Judging by the first couple of weeks of the new year, it's reasonable to expect 2017 will be another roller coaster year for providers, patients, suppliers and payers. As president and CMO of LeanTaaS, a growth-stage innovator of cloud-based solutions for healthcare, I have a front-car seat in partnership with the 30+ leading health systems with which we work all over the country. So here's my take:

1. Investment in healthcare startups by providers will accelerate. Large healthcare providers are beginning to understand that with all their brilliant physicians, dedicated support staff, and excellent clinical and administrative leaders, the technological innovation needed to solve the complex issues in healthcare resides outside their organizations and core competencies. By investing in early- and mid-stage technology companies, forward-thinking providers gain not only a potential financial windfall but also an early market advantage when deploying innovative solutions, especially those that leverage machine learning, predictive analytics, and data science.

2. Technology - not policy - will continue to drive advances in healthcare. Providers have made significant investments in EHR, business intelligence solutions, and Lean/Six Sigma initiatives and will be looking for ways to amplify the impact of those investments on their business. It seems clear that technology outside the margins of an EHR will be needed. These EHR systems - some as much as 30 years old - were simply not designed to include predictive analytics, have no machine learning ability, and lack any data science underpinnings whatsoever.

3. Healthcare provider consolidation will continue. Mega-mergers, like those of Anthem with Cigna and Aetna with Humana, may just be the beginning. In the environment of the new presidency, regulation in the form of antitrust enforcement is likely to be more relaxed. Smaller and mid-market providers may feel forced to explore mergers of their own to retain competitiveness with these already market-leading providers.

4. Regardless of the ultimate fate of the ACA, the demand for healthcare services will continue its rapid climb. With an aging population and a higher incidence of chronic disease, combined with pressure from payers to eliminate waste, healthcare providers will look for solutions that help them meet more of the demand with the resources in which they have already invested. 2017 may prove to be the year that healthcare providers must do more - a lot more - with less.

5. Safeguarding patient information security and privacy will continue to be an industry hot button, with good reason. According to the HIPAA Journal, more than 113 million healthcare records were exposed or stolen as a result of healthcare data breaches in 2015. Even more troubling, consumer protections, like the Fair Credit Billing Act which limits a consumer's stolen credit card liability to $50, do not exist for victims of healthcare identity theft. Hopefully, it won't take another massive data breach in 2017 to call state and federal legislators' attention to the need to address this issue.

Even if none of the prognostications come to pass exactly as I've laid out, it seems certain that healthcare providers need to fasten their seatbelts for another year of whirlwind change. I believe those who identify and embrace early opportunities to innovate by partnering with early- and mid-stage technology companies will be in a better position to compete, drive advances, meet the rising demand for healthcare, and safeguard patient security and privacy. Tickets please!

###

Sanjeev Agrawal is president and chief marketing officer of LeanTaaS iQueue. Sanjeev was Google's first head of product marketing. Since then, he has had leadership roles at three successful startups: CEO of Aloqa, a mobile push platform (acquired by Motorola); VP Product and Marketing at Tellme Networks (acquired by Microsoft); and as the founding CEO of Collegefeed (acquired by AfterCollege). Sanjeev graduated Phi Beta Kappa with an EECS degree from MIT and along the way spent time at McKinsey & Co. and Cisco Systems. He is an avid squash player and has been named by Beckers Hospital Review as one of the top entrepreneurs innovating in healthcare.

More Stories By LeanTaaS Blog

LeanTaaS is a Silicon Valley software company whose offerings rely on advanced data science to significantly improve the operational performance of hospitals and clinics. Using LeanTaaS iQueue in conjunction with their existing EHR's, healthcare institutions are developing optimized schedules that are tailored to each site and can rapidly reduce patient wait times and operating costs while increasing patient access and satisfaction, care provider satisfaction, and asset utilization.

CloudEXPO Stories
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throughout enterprises of all sizes.
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understanding as the environment changes.
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
Apptio fuels digital business transformation. Technology leaders use Apptio's machine learning to analyze and plan their technology spend so they can invest in products that increase the speed of business and deliver innovation. With Apptio, they translate raw costs, utilization, and billing data into business-centric views that help their organization optimize spending, plan strategically, and drive digital strategy that funds growth of the business. Technology leaders can gather instant recommendations that result in up to 30% saving on cloud services. For more information, please visit www.Apptio.com.
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and workloads, including Microsoft Azure. We are excited to partner with JBS and look forward to a long and successful relationship.