The inaugural Capital Health Tech Summit took place on June 15, 2017 at the Inova Center for Personalized Health. Following a series of “flash briefings” highlighting the latest innovations in health tech in Greater Washington, the Summit’s engaging Innovation Panel discussed how the Greater Washington ecosystem can catalyze and invest in innovations like those presented in the briefings. The panelists also discussed opportunities for innovators to work with the federal government to launch their innovations.
Panelists included FDA Senior Innovation Architect and Advisor to the CTO and Director of Innovation Steven Hubbard, U.S. Department of Health and Human Services Acting Executive Director for Innovation, Immediate Office of the Secretary Sanjay Koyani, Dcode42 Founder and CEO Meagan Metzger, and MedStar Health Chief Innovation Officer and MedStar Institute for Innovation Director Dr. Mark S. Smith. Booz Allen Hamilton Senior Vice President Robert Silverman moderated.
According to panelists, Greater Washington is a global leader in health innovation because of its:
Wealth of talent: the region’s talent pool is hungry to make a difference in people’s lives
Federal government opportunitiess: innovators can make a tangible impact on healthcare by taking advantage of real opportunities to launch technologies in the government (including challenge.gov)
Unmatched university and health systems open to embracing new health innovations and incorporating them into practice
The speakers also discussed the need for new partnerships between health systems, the private sector and incubators to spur innovation, and the need for enhanced innovation in the area of home health and preventive care, a booming field.
The healthcare industry is a top target for cyber criminals and can face a variety of security vulnerabilities. In fact, over 200,000 health systems were impacted by the recent WannaCry cyber-attacks.
At NVTC’s Capital Health Tech Summit on June 15, 2017, a panel of cyber experts discussed the current health tech threat landscape and highlighted the technologies and services being developed to protect the healthcare industry’s digital systems. Participating on the panel were Ostendio CEO and Co-Founder Grant Elliott, PwC Managing Director of Advisory Services Suzanne Hall, Berkeley Research Group Director Katherine Norris and Leidos Chief Cybersecurity Technologist Gib Sorebo. Carilion Clinic Senior Vice President and CMIO Dr. Stephen Morgan moderated.
Some of the key themes that emerged from the panel included:
Emerging tech fields like biomedicine and IoT devices need enhanced collaboration and stakeholder engagement around cybersecurity efforts.
There is no shortage of new security techniques and applications to protect health systems today, but organizations still need to implement the basic cybersecurity controls and educate employees to mitigate human risk.
Cybersecurity must find its way into the boardroom with CISOs and CSOs at the table lending their perspectives; cybersecurity has huge business implications.
View full video from the panel below:
Check out panelist Grant Elliott’s recent piece in HIT Leaders and News on cybercrime in healthcare.
NVTC recently hosted the first-ever Capital Health Tech Summit on June 15, 2017 at the Inova Center for Personalized Health. The fascinating field of pharmacogenomics, the study of how genes affect a person’s response to medications, was covered by an expert panel.
Pharmacogenomics panelists included Translational Software Chief Science Officer Dr. Houda Hachad, Inova Center for Personalized Health Assistant Vice President of Personalized Health Franziska Moeckel and CGI Chief Architect and Corporate Ambassador, Global Health IT Practice, Stephen Saunders. Inova Translational Medicine Institute Chief Operating Officer Dr. John Deeken moderated.
The session explored emerging solutions and opportunities for individualized therapies and patient-centric systems using pharmacogenomics. Key themes that emerged from the panel included:
Pharmacogenomics is putting data in patients’ hands, empowering them to live healthier lives
Pharmacogenomics has significant implications for reducing long-term healthcare costs and improving long-term health outcomes.
According to panelists, 8% of all ER visits are because of drug reactions; pharmacogenomics can help reduce these visits and the medical costs associated with them considerably.
Pharmacogenomics mapping, starting as early as maternity, can help ensure patients are receiving the most personalized, impactful care over their lifetimes.
The translational software fueling pharmacogenomics today is the missing bridge between laboratories and hospitals and doctors’ offices.
View the full video from the panel below to learn more:
The inaugural Capital Health Tech Summit took place on June 15, 2017 at the Inova Center for Personalized Health. One of the event highlights was the Health Tech Innovation Spotlight during which innovative companies from the region’s health technology sector presented 5-minute flash briefings highlighting their ground-breaking or unique innovations that could ultimately be game changers in health.
View full video from these presentations below and check out DC Inno’sarticle on the innovations!
NVTC’s inaugural Capital Health Tech Summit took place on June 15, 2017 at the Inova Center for Personalized Health in Fairfax, Va. Scroll down to view Office of the National Coordinator for Health IT (ONC) National Coordinator for Health Information Technology Dr. Don Rucker’s full Capital Health Tech Summit keynote presentation video.
Office of the National Coordinator for Health IT (ONC) National Coordinator for Health Information Technology Dr. Don Rucker provided the Summit’s closing keynote. Dr. Rucker shared ONC’s focus on usability and interoperability to improve healthcare delivery. He also shared how ONC is collaborating with other agencies to make process improvements and open up APIs to fuel innovation, especially in mobile health, to ensure devices are able to communicate with each other.
NVTC’s newest blog is by Dovel Technologies Vice President Mike Atassi. Atassi recently moderated the healthcare data analytics panel at the inaugural Capital Health Tech Summit on June 15, 2017. Scroll below for full video of the panel.
Data is being generated at unprecedented levels – with more than 2.5 quintillion bytes being created every day. Unlocking the potential value of this data will help accelerate research, develop targeted therapeutics and improve the delivery of healthcare. Today’s information and computational sciences and technologies are playing a critical role in delivering better healthcare to everyone.
Accelerating the path to discovery and finding targeted therapeutics to address some of the most chronic diseases is a promise that can be largely fulfilled with exploiting available data. Whereas primary investigation has been the most important source for generating data and discoveries, today we see how data scientists are curating existing data to make it searchable, accessible, interoperable and reusable.
A panel of experts discussed the role of data analytics in the continuum of health at the recent NVTC Capital Health Tech Summitandprovided valuable lessons on how to protect, govern, and transform data into valuable information and health insights. The panelists discussed different ways to enable health data to be searchable, accessible, interoperable and reusable. Key themes from the discussion included:
Building a data-rich infrastructure: Incorporating genomic and proteomic data into clinical delivery is a challenge that is being met with innovation in technology and information architecture, transforming large, disparate data sets into consumable, actionable packages.
Utilizing advancing technologies: Deploying machine learning and predictive analytics alongside data, processes, and the workflows that already exist within hospitals can help to predict and prescribe new protocols. For example, the use of predictive analytics and machine learning resulted in a 39 percent reduction in patient falls in just six months at a local hospital.
Improving wellness: Enabling the delivery of integrated wellness, disease management, and healthcare services to the community based on insights from data. For example, data analytics is playing a key role in improving the effectiveness and global efficiency of transfusion medicine and cellular therapeutics.
Reducing risks: Helping to prevent the spread of major diseases, such as the Zika virus, by integrating datasets from multiple sources to identify geographic risk patterns. Data also allows for the benchmarking of activities to guide decisions that will make sure that the right person gets the right treatment at the right time.
Preparing a new generation of data scientists: Bringing together interdisciplinary individuals with domain and technology expertise to develop leading public health and precision medicine professionals. Today, many institutions of higher education are offering advanced degrees in data sciences – combining the knowledge of biological sciences with computational and mathematical sciences to provide a generation of data scientist capable of unlocking values hidden in large and complex data systems. Data scientists today are already showing tremendous progress in biomedical computing in terms of developing meaningful solutions for analytics, visualization, as well as data management and governance.
With these advances, real challenges remain with limitations raised by ethical, legal, procedural and even technological constraints. In order to successfully meet these challenges, the industry must use a sound foundation of proven techniques and processes to ensure predicable results. However, the continued convergence and collaboration of biomedical sciences and technologies – along with increased demand for precision healthcare – will provide the impetus to meet these challenges and deliver real breakthroughs for better health.
View full video from the panel:
The panel discussion was moderated by Mike Atassi, Vice President, Dovel Technologies and was comprised of Aaron Black, Chief Data Officer, Inova Translational Medicine Institute; Dr. Abigail Flower, Lecturer, Department of Systems and Information Engineering, University of Virginia; Chris Ghion, Vice President and Chief Information Officer, Adventist HealthCare; and Dr. Barbee I. Whitaker, Senior Director, Department of Research, AABB.
We continue to share content from our inaugural Capital Health Tech Summit that took place on June 15, 2017 at the Inova Center for Personalized Health. Scroll down to view Senator Tim Kaine’s full Capital Health Tech Summit keynote presentation video.
Senator Tim Kaine opened the morning session with a discussion on healthcare reform, highlighting the lasting role technologies like telehealth, personalized medicine and genomics will play in making healthcare delivery more efficient and improving health outcomes over the long term. According to Sen. Kaine, tech will be integral in fueling the healthcare shift from treatment to wellness.
Sen. Kaine discussed how healthcare reform also requires addressing workforce and higher education gaps in in the technology sector today and how Northern Virginia has a unique advantage addressing these gaps with its top universities and innovative companies.
We continue to share content from our inaugural Capital Health Tech Summit that took place on June 15, 2017 at the Inova Center for Personalized Health. Scroll down to view UVA’s Dr. Richard Shannon full Capital Health Tech Summit keynote presentation video and presentation slides.
The 2017 Capital Health Tech Summit was headlined by three top keynotes: Senator Tim Kaine (D-VA), Office of the National Coordinator for Health IT (ONC) National Coordinator for Health Information Technology Dr. Don Rucker and University of Virginia Executive Vice President for Health Affairs Dr. Richard Shannon.
In the second Summit keynote, Dr. Shannon emphasized the importance of process improvement in advancing health outcomes and shifting emphasis in healthcare from treatment to wellness and prevention. Dr. Shannon described how technology will be transformative in this process and shared examples of how UVA is implementing new technologies like remote patient monitoring to improve infrastructure burdens and embedded IoT technologies in ambulances to accelerate treatment time.
Dr. Shannon closed his keynote stressing the significance of cross-collaboration among health systems, universities and the private sector to fuel health innovation and improve health outcomes.
View Dr. Shannon’s full keynote below:
Click here to view Dr. Shannon’s presentation slides.
Stay tuned here on the NVTC blog for more exclusive Capital Health Tech Summit content!
NVTC’s latest guest blog post is by Stefano Migliorisi, CEO and founder of swyMed, a provider of patented technology that expands telemedicine care to places where it was previously unavailable, powering truly mobile exceptional-quality live video encounters, even at the lowest bandwidths. Migliorisi participated on the Telemedicine and Remote Patient Monitoring Panel at the Capital Health Tech Summit on June 15. View full video from the panel below.
Telemedicine allows patients and doctors to connect over a distance. The industry has been growing tremendously, with the U.S. market valued at $4.9 billion in 2015 and projected to reach $6.7 billion in 2020. Others estimate the sector is significantly larger, depending on which technologies are included and how much of the infrastructure and staffing/services are included in the definition of telehealth, but the one constant is the trend of explosive growth.
In many rural and underserved areas, specialists are in short supply; just getting to the doctor’s office, which is far away in a larger city, and back home again can take an entire day. Instead, telemedicine allows a patient to remain at a local clinic for a virtual visit with the same physician, which is considerably less time consuming and more economical both for patients and healthcare providers.
Telemedicine enables specialists to “beam” themselves into underserved communities via a broadband internet connection, and can have a transformative impact on reducing cost, improving patient compliance and improving outcomes. However, many regions across the country still lack broadband Internet connections sufficient to deliver quality care virtually.
Regardless of whether patients are logging in on their home computers, data-enabled smartphones, or wireless tablet devices, one thing is generally needed: a reliable high-speed Internet connection. We typically think of this as a challenge in rural areas, but a similar dynamic plays out in urban environments, where networks can become congested.
Telemedicine has been effective in helping patients to better manage chronic conditions. Advances in home health care have made it possible for patients to connect with their healthcare providers from the comfort of their living rooms, improving rates for follow-up visits and treatment regimen compliance. Digital devices such as pulse oximeters, blood pressure monitors and scales can automatically send data from a patient’s home to a care manager’s desktop, where he or she can monitor the patient’s status, prioritize interventions and initiate an audio-video call where follow-up is warranted. This technology has proven particularly successful for treating chronic diseases such as diabetes.
Similar data has emerged from skilled nursing facilities (SNF) where it has been demonstrated that patient well-being and outcomes are improved, transports to the emergency room (ER) reduced and total system costs lowered dramatically by establishing a telemedicine link between the SNF and the ER. This is particularly valuable during nights and weekends, when the SNF is less likely to have a staff doctor available. Having click to call access to a local ER, allows the patient to receive a consultation, the SNF staff to have confidence that the patient is getting the appropriate level of care, and more often than not avoids a transfer to the ER which has significant cost and staffing implications for the SNF, the ER and the health care system as a whole.
Connectivity Remains a Challenge to Telemedicine
It has been estimated that 70% of face-to-face medical encounters COULD be delivered as telemedicine encounters. As more and more potential applications of the technology are piloted and evaluated, connectivity and reliability are emerging as critical factors to overcome before virtual video care can be relied upon as a primary channel to deliver care.
* Connectivity – Telemedicine relies on Internet connectivity to function, but the same rural regions tend to have the largest physician shortages and the most barriers to Internet access. The lack of broadband infrastructure impedes both real-time services such as video visits and store-and-forward technologies, leaving a gap in coverage for patients in these areas.
* Reliability – Telemedicine requires uninterrupted connections to prevent missed instructions or possible patient mismanagement. If systems are not reliable, or need to be restarted several times in the course of a patient encounter, trust in the system on the part of providers, patients and healthcare workers will be diminished. When telemedicine is used for acute diagnoses such as telestroke diagnosis and treatment, every minute of delay can negatively impact patient outcomes with significant long term consequences.
Numerous approaches, both from established video communication companies as well as newer market entrants have arisen to address the emerging connectivity and reliability challenges. These approaches include everything from reducing the size and quality of image transmission, to new compression algorithms, and enhancing broadband signal availability with mobile communications hotspots, to development of data transport mechanisms that can operate over low bandwidth while still delivering high quality imagery.
On June 5, more than 750 people gathered at The Ritz-Carlton, Tysons Corner for the 21st Annual NVTC Greater Washington Technology CFO Awards. The CFO Awards recognize local chief financial officers for outstanding achievement and excellence in promoting the area’s technology community.
Click here to find out the 2017 CFO Awards winners and for a full list of finalists!
View video from the event below:
2017 NVTC CFO Awards Public Company CFO of the Year Winner:
2017 NVTC CFO Awards Private Company CFO of the Year Winner:
2017 NVTC CFO Awards Division/Group CFO of the Year Winner:
2017 NVTC CFO Awards Emerging Growth Company CFO of the Year Winner:
2017 NVTC CFO Awards Michael G. Devine Hall of Fame Honorees:
Click here to visit NVTC’s YouTube page for more CFO Awards videos and NVTC content.