67 WALL STREET, New York - May 16, 2014 - 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: Health Care - Affordable Care Act - Electronic Health Records Implementation - Healthcare IT Consolidation Trends - Data Analytics - Population Health Management
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 new initiatives IBM's health care business is focused on?
Mr. Hogan: We hosted an event just last week announcing the expansion of IBM's Federal Healthcare Practice, and we invited a number of our clients with whom we work to come participate in this session and talk about what they are doing in their organizations to help drive this pursuit of innovation - that's contributing to improved quality and outcomes. And we included organizations like Kaiser, Boston Children's Hospital, Premier, Johns Hopkins, Memorial Sloan Kettering and Inova.
Each of them discussed what they are doing within their organization to evolve and improve their business amid this transformation toward a value-based health care system. All of them spoke about the critical role that information technology was playing in supporting their ability to deliver against these challenges. It was really interesting to have them all come forward to speak to the different ways that they are pursuing those objectives and taking advantages of advancements in information technology to guide them in the achievement of that pursuit. We want to bring these same commercial applications of IBM technologies into the government landscape, to enable value-based health care even more broadly.
TWST: Can you comment on how improvements to electronic medical and health records can improve patient care? Or how advances in areas like health care analytics, predictive modeling or health information exchange initiatives affect patient care?
Mr. Hogan: Now that they have, health care providers have their EMR systems in place, they are taking advantage of advanced technologies that help them tap into the information, and improve process quality and safety, and enhance a patient's experiences in ways that they previously had not been able to do. And more and more health care organizations are seeing their information as an incredibly valuable asset, and they are tapping into the information in creative and powerful ways.
For example, some are finding that when they tap into their unstructured data - the clinician notes - they are able to get a more complete and accurate view of patients. They can then stratify risk and reach out to prevent. Some are using mobile technologies to virtually connect care teams. For example, for each admission, a care team is assembled, and they can interact directly through their smartphones or tablets, so they can do their rounds, or more quickly troubleshoot and problem solve on the fly. Others are engaging their patients in new ways with, for example, online services for basic things - like scheduling and viewing of lab results - but also to access information on their condition, treatment plan and help in coordinating follow-up actions that can reduce risk of a serious development.
TWST: How do you see that your customers are faring in terms of meeting the rising cost of improved health care IT applications? How large a part do government subsidies play?
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.