Dear Clients and Friends, Click here for our January 2017 HIT Market Update. It is a new year. Time again to take out our crystal ball and share our top predictions for 2017. In keeping with our tradition, we have tried to think beyond some of the headlines such as the repeal of Obamacare and how that could slow down IT adoption. Instead we have attempted to enumerate the more subtle shifts that could impact the most active sectors for capital raising and M&A. AI will move beyond the brute force of using lots of processors and large memories. The…
Dear Clients and Friends, Click HERE for the November 2016 Healthcare IT Review. Much has been written about “TrumpCare”- the successor to Obamacare – and what the new administration may or may not do with the ACA and Medicare/Medicaid programs. Rather than speculating about specific provisions, we would like to offer a few suggestions regarding the importance of the emerging industry standards. MIPS (Merit-based Incentive Payment Systems) aimed chiefly at ambulatory providers and MACRA (Medicare Access and CHIP Reauthorization Act of 2015), which establishes new ways to pay physicians for caring for Medicare beneficiaries, are both good ideas and we…
One of the more sobering facts about our healthcare system is not only its sheer size, but how the spending spreads across various age groups. The U.S. spends over $3.0 trillion, or 17% of its GDP, on healthcare. That compares with about 11% for Germany and France. But if we look at spending across various age groups, the U.S. spend is about the same percentage of GDP for people under 60-65.
History has shown us that technology can travel borders and cultures seamlessly and with ease. Healthcare technology should be no exception as long as governments don’t get in the way.
In the dynamic world of healthcare, the sheer magnitude of innovations and the capital behind actualizing the vision of our entrepreneurs is enough to keep us fully occupied. We continue to see significant activity in the areas of value based reimbursement, consumerism, mobility and informatics. These technologies aim for the double play of increasing quality while reducing costs. At the same time, we see a Black Swan lurking in the background which is not getting the attention it deserves. Clinical Quality Language (CQL) will spur the creation of a whole new set of players and may propel our industry to a new level of automation and efficiency.