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Tag: EHR

10 Companies Changing Health Care in the Hub

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Health care is a hot topic across the nation. Evolving policy and advancing technology have entirely transformed how we seek, receive, and pay for medical care. While people in every corner of the country are coping with these changes, Boston is firmly at the forefront of the next frontier in health care. Boasting world-class hospitals and a booming tech scene, Boston has become a crucible for health care innovation. Companies here in the Hub are conducting pioneering research, developing advanced technologies, and discovering solutions to the world’s most urgent health care challenges.

From detecting diseases to improving patient-physician communications, these companies specialize in a diverse range of medical services, but they all ultimately strive to improve health care for all.

Check out ten of the top companies changing health care here in the Hub. While these all might be notable, award-winning organizations, they still only scratch the surface of Boston’s booming health care scene. Feel free to share impressive health care innovators we missed in the comments below.

1. Partners HealthCare

Partners HealthCare

Founded by Brigham and Women’s Hospital and Massachusetts General Hospital, Partners HealthCare is a not-for-profit healthcare system and the state’s largest healthcare provider. Partners is deeply committed to innovation and leadership. The integrated healthcare system is constantly devising new ways to advance the industry, especially when it comes to applying technology to patient care. Partners was one of the earliest adopters of health information technology including electronic medical records. This year, they are rolling out their Partners eCare initiative which will implement an integrated, electronic health information system at all institutions across the Partners network by 2017. A division of Partners, Boston’s Center for Connected Health was also the first to launch “connected health” programs where patients monitor blood pressure, heart rate, and other biometrics using a smartphone device that automatically transmits data to an electronic medical record in the Partners’ database.

2. Nanobiosym

Nanobiosym

Cambridge-based Nanobiosym creates highly scalable, portable, disruptive technology aiming to solve our current healthcare crisis. The innovation center recently rocked the industry with their product GeneRADAR. The iPad-sized mobile device can test for AIDS and HIV, E.Coli, tuberculosis, diabetes and even some types of cancer in mere minutes, with only a drop of blood or saliva. The device delivers results faster and cheaper than current systems. Nanobiosym is currently working with Partners in Health to roll out GeneRADAR in the organization’s clinics around the nation.

3. Iora Health

Iora Health

Iora Health is on a mission to reform the existing healthcare model. Frustrated by the current system’s flaws and the growing gap between costs and quality, Iora has been building better models producing improved clinical outcomes at a lower cost. Founded in Cambridge by two physicians, Iora offers employers healthcare for employees on a per-person basis rather than through insurance. After raising $12 million last year, Iora continues to open practices and reinvent primary care.

4. PatientPing

PatientPing

Emergency room visits are rarely smooth sailing for the patient or the physicians. Patients must seek treatment from unfamiliar hospital staff who must scramble to piece together patients’ medical history. One of Boston’s newest health tech startups, PatientPing aims to solve this problem by sending real-time notifications to healthcare providers when their patients receive ER, hospital and post-acute care. The company plans to eventually scale out to nursing homes to create a comprehensive communication network of healthcare facilities.

5. Foundation Medicine

Foundation Medicine

Foundation Medicine is a molecular information company leading a transformation in cancer care. Their leading edge clinical products, including genomic test Foundation One® and FoundationOne® Heme, have been proven to be among the most accurate, sensitive, and comprehensive tests available. This fully informative genomic profile combined with a “patients first” approach empowers them to match patients with targeted therapies and meaningfully advance the field of routine cancer care. Most recently, the Cambridge company launched FoundationOne® CareLine, offering personalized case management services to patients who are uninsured, underinsured or face other challenges.

6. CareCloud

CareCloud

The future of the health care is in the cloud and CareCloud is the company to prove it. CareCloud is a leading national provider of cloud-based electronic medical record and billing services, supporting 3,700 providers in 45 states. The user-friendly, streamlined system enables physicians to deliver efficient, high-quality care, plus plug into a fully integrated digital healthcare ecosystem from any device. CareCloud has been expanding rapidly since its inception and raised $25.5 million last year.

7. athenahealth

athenahealth

Watertown-based healthcare software firm athenahealth is a pioneer of the electronic medical record and on a mission to modernize the industry. Since its founding, athenahealth has expanded and diversified its cloud-based services to include medical billing and practice management, patient communication, and order transmission services. The company also strives to spur healthcare innovation through their the program “More Disruption Please,” supporting entrepreneurs, health care IT companies, and thought leaders who want to change the status quo in health care.

8. MC10

MC10

MC10 creates the high-performance medical electronics that are virtually invisible, conformable, and wearable. These cutting-edge devices can serve to protect our troops, treat heart arrhythmias, and monitor sleeping babies. Among their award-winning innovations is the Reebok CHECKLIGHT, a sports impact indicator that measures the severity of blows to the head.

9.Wellframe

Wellframe

Wellframe builds intelligent systems to re-engineer care delivery, essentially equipping patients with a “care GPS” to help them navigate their health challenges. The mobile app gives patients personalized wellness to-do lists to help them stay on top of managing their disease. It also integrates a cloud-hosted electronic medical record. Patients can now leave the hospital with a care plan in their pocket, monitoring their progress and instructing them how to deal with their condition day-by-day. By empowering patients to take control of their own care, Wellframe helps minimize costs. The company recently raised $1.5 million and is continuing to transform the prevailing care model.

10. ZappRx

ZappRx

ZappRx is another mobile innovator transforming the health care status quo. The “Uber for medicine” company strives to simplify the management of prescription payments by connecting the three stakeholders – patients, pharmacists, and medical providers – on a single e-platform. The mobile app cuts out the paperwork and the delays that often accompany the prescription process. The Cambridge-based company has secured a total of $2 million in funding to further develop the platform to fit the speciality pharmacy market.

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How Predictive Analytics Can Improve Healthcare

The below is the winning essay for a Brandeis GPS’ contest written by Health and Medical Informatics student, Davis Graham. Join Brandeis GPS is a free webinar 7/17 at 7pm: Long Term CareThe Last EMRFrontier

 

“My specific interest in predictive analytics is the ability to merge the once vacant silos of health information into a model which engages a person into the maintenance of a healthier lifestyle.[1]  Genomics and health information technology has the potential to help predict disease before it becomes chronic.  Predictive analytics will allow us to change from a treatment oriented to a preventive oriented healthcare system contributing to the efficiency of healthcare.

Predictive analytics gives the foundation for an individual to step onto a healthier path in life when substantial knowledge supports the first step.  There is a survival instinct which takes place in every individual when faced with the loss of health or life, giving them a fearlessness to assume responsibility to preserve their health and life.

The key element of a healthier population is engagement and implementation of a program which improves health.  For example, if a person has knowledge from predictive analytics showing they would have a 98% probability of being a candidate for colorectal cancer, then the barriers of fear currently existing in our current health care system would program-hero-strategic-analyticsinspire the patient to seek preventive care.  No one should die of colorectal cancer in this country or in the world.  Getting the patient to have a CT Colonography (CTC) would decrease the mortality rate for colorectal cancer substantially.  The cost of a CTC due to just the volume would decrease into the $250 range.  The current cost at our facility is $495; it costs us $200 to have the CTC read through teleradiology by a radiologist who reads these studies frequently.  Predictive analytics could change the whole landscape of CTC cost by pure volume.  Radiologists who are not reading CT Colonography (CTC) now would learn how to read them and would become experienced because of the increase in volume.

It is my hope that predictive analytics is steering healthcare back to the “doctor-patient relationship” of a patient driven healthcare.[2]  It is my belief that patient driven healthcare is the most efficient and effective way of providing health to a population.  With the aid of predictive analytics, the robust information gained from predictive analytics data will enable a society to engage in healthcare, which would educate the population with Stethoscopeknowledge as to how to predict their health outcomes.  Thus, the future patient population would embrace preventive health.  With patients engaged in their health, predictive analytics could reverse the current wasteful trend of 80% of healthcare expenditures being spent on 20% of the population, to one that is healthier for the economics of a country and a population.[3]  I could see in the future where 70% of the healthcare dollars is spent on 100% of the population with the remaining 30% going to research and development in healthcare and predictive analytics.

Predictive analytics would reverse the 20 to 30% of profits now going to health insurance companies into increased health dollars invested into healthcare.  A great example is William McGuire from United Health Care who earned $1.2 billion in one year.  This should be a light to the world that the $1.2 billion which William McGuire made did not go back into the healthcare system;[4]  it went into his pocket to spend and donate where his personal interests lay.  To put it in perspective, $1.2 billion could open 925 doctors’ offices each being 7,000 square foot for a cost of $1,297,400 each[5] or 4.8 million CTCs reimbursed at $250 each.

A key component to predictive analytics is the unbridled sharing of information. With quantum cryptography and the recent efforts of quantum computer (such as D-Wave), we are on the edge for sharing and processing healthcare’s “big data.” Predictive analytics in how-predictive-analytics-can-make-money-for-social-networks-46ce73d0c0the United States will be a new frontier for all health information which is electronically collected around the world. With predictive analytics, a combination of pharmaceuticals used to cure a chronic disease in one area of the world will enable population health to take steps in preventive care in advance of the chronic disease in other parts of the world.

In essence, we are embarking on a voyage into a new land of opportunity to process big data to predict solutions into the future. Healthcare is a team effort and aligns with Ernest Shackleton and his eclectic team, all of whom survived the harshest environment of being beset in the Antarctica.  Our healthcare system needs such a team to drive through the storms of economic pressure and the current healthcare system into one which perseveres.  Predictive analytics is the system which will not only benefit the United States, but predictive analytics in healthcare also has the potential to benefit the health of the world in a way healthcare has yet to be seen.”

About the Author: 

photoDavis Graham is currently earning his M.S. in Health and Medical Informatics with Brandeis University, Graduate Professional Studies. Davis is the Executive Director & CFO at the Manatee Diagnostic Center in Florida.  This essay won a contest for free entry into Eric Siegel’s Predictive Analytics World Conference.

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How Big Data Has Changed 5 Boston Industries

By: 

Emerging technologies have unlocked access to massive amounts of data, data that is mounting faster than organizations can process it. Buried under this avalanche of analytics are precious nuggets of information that organizations need to succeed. Companies can use these key insights to optimize efficiency, improve customer service, discover new revenue sources, and more. Those who can bridge the gap between data and business strategy will lead in our new economy.

Big Data’s potential impact on enterprises and industries as a whole is boundless. This potential is already being realized here in the Hub. Boston has been ahead of the curve when it comes to Big Data, thanks to our unique innovation ecosystem or our “Big Data DNA,” the Massachusetts Technology Leadership Council says. As a result, Boston is home to an especially high concentration of Big Data startups, but also powerhouse industries that have strategically leveraged analytics and transformed the space.

Check out how data and analytics has changed these five Boston industries.

1. Marketing & Advertising

Marketing & Advertising

In our age of online marketing, marketers have access to mountains of data. Pageviews, clicks, conversion, social shares…the list is endless. That doesn’t even account for the demographic data marketers collect and interpret every day.

These analytics have enabled marketers to access a more comprehensive report of campaign performances and in-depth view of buyer personas. Armed with these insights, marketers are able to refine their campaigns, improve forecasts, and advance their overall strategy.

Big Data also enables targeted marketing, a crucial component of today’s online strategy. You know those eerily accurate advertisements on your Facebook page? You can thank Big Data for that.

Analytics have unlocked enormous potential for marketers to better create, execute, and forecast campaigns. As a result, Boston has boomed with organizations entirely devoted to providing data-driven marketing solutions. HubSpot and Jumptap have emerged as leaders in this space, raising about $2.5 billion combined. Attivio, Visible Measures, DataXu are also leading marketing solutions providers.

2. Healthcare

Healthcare

It shouldn’t surprise that healthcare represents a top industry in Boston’s Big Data ecosystem. The healthcare industry collects and analyzes enormous volumes of clinical data on a daily basis. Partners Healthcare alone has some two billion data elements from over six thousand patients, according to the Massachusetts 2014 Big Data Report.

Big Data’s impact can be seen first and foremost with the electronic health record. Big Data has launched the electronic health record into the twenty-first century, revolutionizing patient care, and empowering the success of companies like athenahealth based in Watertown.

“The meaningful use of electronic health records is key to ensuring that healthcare focuses on the needs of the patient, is delivered in a coordinated manner, and yields positive health outcomes at the lowest possible cost,” the report said.

The space has expanded even more since Massachusetts passed legislation requiring all providers to adopt electronic health records and connect to the health information exchange, Mass HIway in 2012.

The Shared Health Research Informatics Network (SHRINE) is another local innovation linking five hospitals (Beth Israel Deaconess Medical Center, Children’s Hospital Boston, Brigham and Women’s, Massachusetts General Hospital and the Dana Farber Cancer Center) in a centralized database to improve efficiency and quality of care.

After genomic data and patient data from electronic medical records, medical devices like pacemakers or a Fitbit, for example, are the fastest-growing sources of healthcare data. All of these rich sources of information can – and are – being leveraged by Boston healthcare providers to improve care and lower costs.

 

3. Government

Government

The State of Massachusetts and the City of Boston lead the nation with a sophisticated public sector approach to data and analytics. Governor Patrick made Big Data part of policy, launching Massachusetts Big Data Initiative and supporting Mass Open Cloud Initiative, a public cloud that utilizes an innovative open and customizable model.  In 2009, the Commonwealth launched the “the Open Data Initiative” inviting the public to access the government’s data library from nearly every department.

But analytics’ impact on the public sector is only beginning. Big Data can significantly improve the quality and efficiency of city services, and do so at a lower cost. But most importantly, data will unlock the future of urban living. Imagine if we knew the location of every bus, train, car, and bike in real-time? Imagine if we knew the profiles of every city building? This is the vision of Boston’s future as a “connected city” outlined in Mass Technology Leadership Council’s 2014 report Big Data & Connected Cities.

“Boston is making great strides in using technology to improve how city services are delivered but we can and will do more,” said Boston Mayor Marty Walsh about MassTLC’s report.  “We are making vast amounts of the city’s big data available online to the public to not only increase transparency but to also spur innovation.”

Walsh has shown support for a data-driven, connected city and plans to hire a City of Boston Chief Digital Officer to help make this vision a reality.

4. Energy

Energy

Big Data is a big reason Boston has evolved as a leader in the energy industry. Tapping into Big Data yields much more comprehensive, accurate reports of energy usage and also illuminates how these building can operate more efficiently. As a result, the industry has boomed with companies helping buildings go green to save green, including local leaders EnerNoc, Retroficiency, and NextStepLiving. Buildings in Boston and beyond are being constructed or retrofitted with building automation systems – cloud-based, centralized control centers – which collect massive amounts of data, report on energy consumption in real-time, and can continually adjust building performance for optimum efficiency. This “smart” living is the wave of the future and entirely driven by Big Data.

5. Financial Services

Financial Services

Financial services is the fifth largest vertical for Big Data in Massachusetts. Big Data has made it possible to analyze financial data sets that previously weren’t accessible. Financial analysts now can examine and interpret unprecedented amounts of information and do so in new and innovative ways. For example, stock traders can collect and mine mass amounts of social media information to gauge public sentiment about products or companies, Information Week said.

Top companies Fidelity Investments, Pricewaterhouse Coopers, Baystate Financial, LLC and others in Boston’s financial services sector heavily depend on big data to compile reports, forecast market future, and guide their decisions.

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Is Healthcare the Next Frontier for Big Data?

The health care industry has always been at the center of emerging technology as a leader in the research and application of advanced sciences. Now, more than ever, the industry is on the edge of an innovation boom. Health care information technology possesses vast potential for advancement, making the field fertile ground for game-changing innovation and the next great frontier for big data.

The use of electronic health records (EHR), electronic prescribing, and digital imaging by health care providers has exploded in recent years, Health Affairs reports and the global health information exchange (HIE) market is projected to grow nearly ten percent per year, reaching $878 million in 2018, according to Healthcare Informatics.

But despite massive growth, health care IT faces a number of barriers slowing advancement.

When it comes to health information technologies, demand is outpacing delivery. Users desire higher levels of performance beyond the capacity of current IT solutions.

“Providers certainly want to do things that vendor technology doesn’t allow right now,” Micky Tripathi, Ph.D., CEO of the Massachusetts eHealth Collaborative (MAeHC), said to Healthcare Informatics.

program-hero-health-medical-informaticsOne reason technology is lagging is health care IT systems are independently developed and operated. Rather than one massive network, there are numerous “small shops developing unique products at high cost with no one achieving significant economies of scale or scope,” Health Affairs reported. As a result, innovations are isolated, progress is siloed, and technology cannot meaningfully advance.

To deliver the highest quality of care, the health care community must unite disparate systems in a centralized database. But, this is easier said than done. The industry must be sure to maintain the highest standards of security complying with Health Insurance Portability and Accountability Act of 1996 (HIPAA).

As a result, the health care IT industry currently faces a crucial challenge: devise an overarching system that guarantees security, sustainability, and scale.

The key to unlocking solutions is Big Data are the informaticians who translate mountains of statistics into meaningful healthcare IT applications.

“The growing role of information technology within health-care delivery has created the Electronic-Prescribingneed to deepen the pool of informaticians who can help organizations maximize the effectiveness of their investment in information technology—and in so doing maximize impact on safety, quality, effectiveness, and efficiency of care,” the American Medical Informatics Association noted. The future of health care hinges on the ability to connect the big data dots and apply insights to a creating and practicing a smart IT strategy.

Organizations have thrown themselves into the big data trenches to innovate solutions to the problem facing their industry. Ninety-five percent of healthcare CEOs said they were exploring better ways to harness and manage big data, a PricewaterhouseCoopers study reported. With the commitment of the health care community, plus the right talent and resources, industry-advancing innovations won’t be far behind.

Health care is indisputably the next great frontier for big data. How we seek, receive, and pay for health care is poised to fundamentally change and health care informaticians will be leading the evolution.

Find out more about the opportunities in health care information technology at the MS in Health and Medical Informatics Virtual Open House on June 3rd.

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