Blockchain and Physician Collaboration could generate innovation

2 topics discussed at Health: Further impact on health systems.

Healthcare innovation was the focus of the conference Health: Further in Nashville this week. There was no shortage of startups who were launching ideas and seeking funding; every other person I came across seemed to have the next big idea of ​​turning the industry.

While conference founder and CEO Marcus Whitney told me about the major trends conference participants were arguing that they would have the best impact on health systems, I noticed a couple of additional noteworthy topics : blockchain can open up new possibilities for health system innovation, while hospitals that do not develop the infrastructure for innovation could close opportunities to collaborate with physicians with great ideas. [19659004] Blockchain is big but disconcerting

If the number of people stuck in sessions dealing with blockchain was an indication, blockchain could be the next big thing in the health sector. Few understand it; many are struggling to learn more.

In essence, the technology connects and protects, through cryptography, a list of expanding records, known as blocks. The best advice I've heard from a speaker: do not focus on HOW it works; focus on WHAT it does.

Brian McCuller, JD, CPA of LBMC offered these potential uses for blockchain:

  • Transactions of financial services, such as money transfers
  • Internet of Things Integration (IOT), which allows smart devices to communicate with each other using "smart contracts"
  • Supply chain / logistics management, which must be transparent and verifiable from point to point, such as prescription drugs
  • Public records, as professional credentials [19659008] Private Records (Authorized Information Sharing), such as Patient Data
  • Government Services

"When you think about this technology it will affect your business," Emily Vaughn says of Change Healthcare " think about the fact that regardless of our industry or our business, this technology is adopted by consumers on a global scale at a ch rhythm and the Inte rnet was adopted. If it takes on the same meaning in our culture and in our society, the Internet remains to be seen. But the potential impact for your company on the consumer side could come one day. The companies that have adopted it outside of healthcare, in the financial space and at the other, see it. "

Physicians need health systems to improve the innovation infrastructure

Although health systems are creating innovative weapons, medical innovators can not see these organizations as the best option to help to cultivate and commercialize their ideas.

"Innovation [at health systems] could be the point where the quality improvement happened 10 years ago; The infrastructure has not yet been installed, "says Charlotte Wu, MD, director of primary care for adults at the Boston Medical Center founder and principal of Harness Health Partners . spoke to Health: Learn more about how doctors could collaborate with delivery systems, and I spoke with her later.

Doctors have great ideas for turning industry, she says, and numerous start-ups MD were present at the conference, Dr. Wu said doctors found it difficult to work with these organizations

"There are many obstacles to integration with health care systems," he said, noting that the legal and contractual problems are primary "If health systems want to give priority to innovation, it is up to them to create structures so that innovators have a place to connect and part of that path is paved by doctors to orient themselves." [19659019] Mandy Roth is the publisher of the H ealthLeaders innovations.

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