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Consumers Ready to Trade Health Device Data for Rewards
Consumers who use wearable devices to capture their health-related data have a message for health insurers who would love access to that information: Make us an offer. A recent Aite Group survey found that 62% of consumers are interested in sharing their connected-device data with payers if their plan offers incentives to do so.
7 Steps to Achieve Organizational Well-Being
With nearly half of all U.S. physicians experiencing burnout, along with nurses and other care team members, the financial costs to the field are mounting. A recent study in the Annals of Internal Medicine pegged physician burnout costs to the field at between $2.6 billion and $6.3 billion a year — with a calculated baseline of about $4.6 billion. These costs are associated with factors like turnover and reduced productivity.
Got a Minute? Tap into Patients’ Social Needs
Sometimes simple solutions can yield big results. Take the case of Virginia Commonwealth University’s department of family medicine and population health. It created a tool to measure the biggest social priorities for patients in the emergency department and the hospital that could be completed in a minute or less.
Intellectual Property Theft: A Growing Threat to Research and Innovation
Concern is growing among the FBI, Congress and some health care leaders about the theft of U.S. medical research intellectual property by foreign governments — most notably China, Russia, Iran and North Korea, according to a new whitepaper from the AHA Center for Health Innovation.
Geisinger CEO Will Lead Google's Health Strategy
Google has tapped Geisinger Health CEO David Feinberg to shape the company's health strategy. CNBC reports that Feinberg will be charged with organizing Google's fragmented health initiatives, which overlap many business groups.
Amazon-Berkshire-JPM Picks Insurance Exec to Head Measurement Work
In a move that signals its decision-making will be data-driven, the joint health care venture by Amazon, Berkshire Hathaway and JPMorgan Chase has hired Dana Gelb Safran, senior vice president of enterprise analytics at Blue Cross Blue Shield of Massachusetts.
Lyft Focuses on Growth with New VP of Health Care Hire
Megan Callahan, who has a strong background in health information technology, has been hired by the ride-provider Lyft to boost its mission of helping customers get to their medical appointments. Callahan worked most recently as chief strategy officer for the revenue cycle-management firm Change Healthcare and before that as senior vice president of corporate strategy and business development at McKesson.
Want to Innovate? Plan to Disrupt
Advancement in any health care organization is rarely linear. And innovation doesn’t happen without a mindset shift and significant change. This may seem intuitive, but it’s a leap many executives never quite make, opting instead for safer, incremental progress. That won’t cut it if you’re intent on innovating. “There is no innovation without disruption,” says Linda Bernardi, a former IBM chief innovation officer and Watson co-lead who will be a keynote presenter at the AHA Leadership Summit July 25-27 in San Diego.
Digital Innovation Will Be Easy and Affordable [Said No One]
Digital innovation may be a necessity for health care organizations, but it’s coming at a steep price. Modern Healthcare’s most recent Power Panel survey of top CEOs found that more than a third of the 26 responding CEOs said their organizations spent between $5 million and $19.9 million on digital innovation last year. About 30% spent up to $4.9 million on these projects and two spent $100 million.
Full Speed Ahead for Risk-Based Contracts? Maybe Not
The days of shared-risk, value-based contracts (VBC) dominating health care are seemingly just around the corner. But that reality may not materialize as quickly as some envision, based on results of the 9th Annual Industry Pulse Survey recently released by Change Healthcare and the HealthCare Executive Group.