Healthcare Innovation: How 2016 trends are already evolving

As part two of a four-part article series, CEO Ryan Beckland will detail the current trends in the healthcare industry, key drivers of those trends and how technology will be powering new models of care.
09:53 AM
Ryan Beckland technology in healthcare

By Ryan Beckland, CEO & Co-Founder, Validic

In my previous article, I identified four trends indicative of the coming surge in healthcare innovation and shift to value-based care. Delving deeper into those drivers of innovation, we have already witnessed examples and proof that the trends for 2016 are underway—and that the year ahead promises great progress with the potential only technology can provide.

1. Patients’ expectations for care and care delivery are changing, and will force the industry to change.
Most of us are familiar with groups like Teladoc, HealthTap and Doctor on Demand offering low-cost video visits with physicians. There are also services like Heal and Pager which enable patients to order on-demand concierge medical services to their home. All of these technology services are disrupting our traditional ideas about care delivery—and have been for a while. Expect these services to continue to gain momentum with consumers—especially as payment models begin to build around these offerings.

Clinical diagnostics and testing are also beginning to see new competitive entrants. Neurotrack, a software-based Alzheimer's diagnostic test, can detect impairments on the brain by evaluating eye movement. Personal Labs, enables over 300 clinical lab tests to be ordered online. Users can then go to any of the almost 2000 lab locations to complete blood work—and will receive the results within 24 to 48 hours.

2. We are going to see the evolution and increased sophistication of remote clinical technology.
Wearables in the coming years will collect even more biometric data as biosensors advance. In addition, we’re seeing promising developments in the ability to use functionalities built into non-invasive skin sensors to detect new data points. A few examples include:

It is only a matter of time before sensors with these functions and more are available in low-cost consumer wearable devices.

Digital therapies will also grow in the coming years—especially, in the form of ingestibles and implantables. Proteus, is doing great work in this area. They recently announced a partnership with Barton Hospital in California to embed tiny, dissolvable sensors in hypertension medication. Those sensors will then stream adherence data directly to doctors. Initiatives such as this, launched at scale, would enable providers to better track and manage medication adherence—a huge problem in healthcare linked to an estimated $100-300 billion in avoidable healthcare costs in the U.S.

Platforms will also be significant. A few examples include Google Fit, Apple Health and MyFitnessPal—all of which aggregate consumer health data from fitness devices and applications to a central dashboard. Advances in analytics will increasingly empower healthcare consumers to self-identify health trends, triggers and potential health risks.

One example, Gyroscope has developed a platform that integrates physical activity, workplace productivity, vitals and travel data. It then creates customizable data reports breaking down how the users’ activity and productivity are interrelated and what actions one can take to improve one’s health and wellbeing. Gyroscope’s algorithm helps consumers make sense of health activity data and take appropriate actions in real time.

3. Providers are going to begin seriously tackling long-standing interoperability and data access challenges.
Kaiser Permanente, made a four billion dollar investment in its HealthConnect platform. The investment will go towards providing its clinicians and 10 million patients with real-time access to medical records, a connection to Kaiser’s mobile applications, and an integration of self-management, in-home monitoring and virtual services.

4. There is going to be a shift in payment models to drive an outcome-based healthcare economy.
Pharma, providers and payers are going to continue to restructure payment models and redefine offerings as technology’s role in healthcare grows and evolves. Some of the largest health systems and insurers joined forces to create a new task force focused on providing incentives and a reimbursement structure supporting value-based care. This coalition includes Partners Healthcare in Boston and Advocate Healthcare of Chicago.

In addition, Novartis announced plans to test a new pricing model for prescriptions—which Aetna and Cigna recently agreed to. The idea is to move from a pay-per-pill model to a model based on clinical outcomes in which the pharmaceutical company and hospital share the risk. This shared-risk/shared-cost model is being considered by several drug-makers throughout the industry.

More providers are beginning to offer premium or high deductible health plans to patients. Kaiser, University of Pittsburgh Medical Center (UPMC) and Intermountain Healthcare all provide primary health plans that cover tens of millions of lives.

Similarly, payers are conducting clinical research studies to improve chronic condition management. For example, Cigna partnered with ORCAS, to test whether an app can effectively manage chronic lower back pain.

Payers are also partnering with consumer technology companies to offer alternatives to provider services. The partnership between LifeWise Health Plan of Oregon and Teladoc to make video visits available to members is one such instance.


More regional news

Preferred Behavioral Health Group telehealth

(Credit: Preferred Behavioral Health Group)

A person in scrubs appears on a laptop screen

(Photo by Edwin Tan/Getty Images)

Want to get more stories like this one? Get daily news updates from Healthcare IT News.
Your subscription has been saved.
Something went wrong. Please try again.