Wall Street Transcript Interview with Sean Hogan, the Vice President of IBM Healthcare (IBM)
67 WALL STREET, New York - October 28, 2013 - The Wall Street Transcript has just published its Health Care IT Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: HIT Consolidation Activity - Electronic Health Records Implementation - Affordable Care Act - Healthcare IT Consolidation Trends
Companies include: International Business Machine (IBM) and many more.
In the following excerpt from the Health Care IT Report, the Vice President of IBM Healthcare (IBM) discusses company strategy and the outlook for this vital industry:
TWST: What are some of the biggest opportunities you see as you look ahead over the near term?
Mr. Hogan: We see a very big opportunity around our Smarter Care initiative. We are working with clients to drive smarter decisions through practical application of technology across health care industry challenges. That's what the Smarter Care model is all about. Health care organizations need information to provide the best possible treatment for an individual patient. That's where a tool like IBM Watson can make a tremendous impact, helping doctors make evidence-based decisions and to get the right care to the right patient.
Health organizations also need to understand not just how a patient's care impacts them, but also how social and environmental factors can impact health. The current systems of care really weren't designed to manage chronic conditions like diabetes, asthma and heart disease. We really want to keep chronically ill patients healthy and out of the hospitals. We see the Smarter Care model as a way to help our clients better understand all the factors that are causing chronic illness and acute care episodes to ultimately keep their patients healthy.
TWST: How do you bring Smarter Care to the market?
Mr. Hogan: Whether you are a health care provider, a health plan or a government that's providing health services to its people, there is an increasing interest in understanding the total population. How do you actually identify those who have a high demand for care or are at high risk of an acute care episode? Organizations are looking at IBM's analytic tools to help them tap into new sources of data, and to deal with greater volume of data and different types of data. That data might be structured and unstructured, as with social media or doctors' notes. We offer solutions to gain insight, to identify and understand populations, and then we can help apply programs that are effective in dealing with the issue.
TWST: Beginning in 2006, IBM produced a series of papers called Healthcare 2015. Was it on the mark, and did it help you and your team position the company for what's happening now?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
