Tejas Deshmukh

Healthcare, DOXIVA and #HIMSS20 By Tejas Deshmukh, @tejasvdeshmukh

Tejas Deshmukh Blog

Healthcare in the world’s most developed country US, someone asked me is it cost-effective? You know the answer, no, it’s one of the most expensive commodity in the US. US ranks 1st when it comes to per patient spending, yet the World Health Report 2000, Health Systems: Improving Performance, ranked US health care system 37th in the world when gauged on the parameter of patient outcomes. This rising healthcare costs with poor patient outcomes proves the theory that “more money does not guarantee better health.”

#HIMSS18: Where the brightest mind in healthcare meet !! by @ tejasvdeshmukh

Pinksocks HIMSS




















With more than 100+ meetings, exploring innovation, healthcare use cases and technologies defines a whole new equation of healthcare. It’s been over 3 weeks post HIMSS18 in Las Vegas; I am almost done with all my follow-ups and before getting caught up with ATA18 preparation, allow me to share my experience!


Known as the Mecca of Healthcare, HIMSS is a platform to explore innovation, meet thought leaders, network and partner. That said it is easy to get lost, loose orientation and miss out on meetings, when you are dealing with 40k+ attendees and 1000+ exhibitors. It is overwhelming the moment you enter Sand Expo and see HIMSS banners all over the place.
The Pinksocks meet-up that took place on the March 5th at Money Play Restro was filled with the most exuberant people. Nick Adkins has taken an initiative to consolidate all Healthcare professionals, who are determined to disrupt the industry with innovation. The HIMSS Social Media Ambassadors are part of this group and real meaningful exchange of information happened at the meet-up.
Disrupting technologies + Digital transformation = Better Patient Care
Let’s take a look at the trending topics at HIMSS18 that promise Better Patient Care:
  • Disrupting technologies  
    • Artificial Intelligence, Machine Learning, Big Data
    • Blockchain
  • Digital transformation
    • Mobility and Cloud
    • Wearable and IoT
    • Consumerism
  • Telehealth (From Synchronous to Asynchronous model)
Healthcare companies have finally realized the potential of Artificial Intelligence, Machine Learning in addition to Big Data. The ability to perform complex predictions in a blink of a second will result in advanced decision support, chat bots resulting in real time efficient care delivery system. From Ayasdi to Google Deep Minds, everyone is set to disrupt the traditional healthcare with super-efficient ecosystem.        

HIMSS18

  • Blockchain
It is another technology having tremendous potential to transform health care, shifting the patient at the core of ecosystem, coupled by enhanced data security, privacy, and interoperability.Blockchain will provide a new benchmark for interoperability by enhancing secure and efficient health data exchange. While it is not going to address all the healthcare challenges, it does provide a sense of confidence to explore, invest and test its actual potentials in Healthcare. PokitDok, Health Wizz and Hyperledger are amongst few to watch.
  • Mobility and Cloud
It is estimated that by end of 2018, 65% of healthcare interaction between patient and providers will occur using smart phone devices. 80% of doctors are already using one or other medical app to engage with patients.
Cloud is further transforming the way providers deliver quality and cost effective healthcare services. Adoption on cloud strategy significantly reduces infrastructure and administrative cost, thus providing relief from the ever growing pressure of cost reduction.
On one hand patient are demanding instant quality healthcare services and on the other hand government is pushing on use of common standards further monitoring the quality stringently. This complicates the matter further with existing infrastructure and legacy systems. Providers are gearing up to address the increased demand and support 24/7, access to top-quality healthcare, and adopting cloud strategy. Cloud and mobile access is technological reason for the actual consumerism.
Few of the innovators to watch in this space are CloudMine and AlphaSoftware
  • Wearable and IoT
Wearable and IoT has taken the healthcare out of hospitals, and into our homes. Healthcare at home is a win-win for all patients, providers and insurance. Remote monitoring coupled with video collaboration platforms have innovated the space with low cost high quality patient care. Innovative startups like Care Innovation backed by large giants like Intel, Google are making lot of noise in this space.
  • Consumerism in healthcare
Transformation of digital landscape, has led to serious disruption, patients of 21st century are experiencing empowerment. As we unlock the barriers of EHR for better access and quality, consumer satisfaction increases.
Patients can now have similar experiences to retail and shop for best value products based upon their needs. For example, someone with chronic illness, injuries, wrong procedure, and misguided surgeries can get expert advice from companies like Best DoctorsSecond Opinion ExpertsAmino for as low as $300. Ability for patients to make best choices in terms of treatment, procedures with right information, is going to be a blessing. And imagine how much cost health insurance companies are going to save!
  • Diving into telehealth

While Telehealth has been around for decades, yet the real potential has been unlocked just few years back. Federal backup, technological advancement and infrastructure maturity has helped it gain the momentum. Today’s telehealth products are a combination of video and specific use case catering to diverse areas, from Behavioral health to Physiotherapy and so on.
While big players like AmericanWell, Teladoc and other continue to dominate the space. Small players like CloudbreakZipnosis, and Avera with specific requirements are making lot of noise.

Telehealth has demonstrated over and over the improved outcomes with minimal cost. The new age products are equipped with advanced analytics, addressed reimbursement and legislative concerns. The use of advanced technologies like AI and ML on top of telehealth component will be soon gaining momentum to further enhance patient experience and optimize healthcare cost.

It was my 3rd consecutive time to attend HIMSS and every time one has so much to learn. You can digest as per your appetite; I am a Healthcare Professional turned into technologist, and was really amazed to see innovation all around me. All this experience gathered is shared with the clients for whom we build products, it gives them an insight on where the industry is heading.

Faichi Solutions is technology service provider, under the umbrella of Saksoft Inc, New Jersey. We are 1000+ employees, across 3 continents, with Healthcare service as a focused vertical.

We are trusted partners in Innovation for Healthcare ISV’s and Technology companies. Focused on:
-Digital Transformation                     
-Product Development                       
-Mobility and Cloud
-Analytics and BI                    
-Data Warehouse                   
-Managed Services

The article has been re-published here with the Authors permission. The article first appeared here

Author
Tejas Deshmukh

Highly skilled and motivated professional with rich experience of 13+ years in software product development for Healthcare and Life Sciences vertical, proven track record of building innovative solutions, providing strategic consulting, pre-sales and operational management.

Build #MVP to gather customer intelligence!! by @tejasvdeshmukh #health2con

Over the years working in Healthcare, witnessed endless innovation across the technology landscape over last few years. This is only due to the aspiring moguls who understand the crux of business and would like to capitalize on specific problems using new approaches.
Innovation is everywhere, be it harnessing the data power for population health or using advanced technology to enhance digital health. From Outcome Health, Livongo… toPriorAuthNow, each one of them have addressed a specific healthcare challenge in a unique way. Enhancing clinical outcomes, access to care, and improved operational efficiencies.
We are now living in the era of innovation!!

Startups are exploding in numbers; it’s very common to see a bunch of college drop-outs or professionals working extra hours to build their dream product. They strongly believe in their solution disrupt the way healthcare is delivered today.
All innovations begin with an idea, a futuristic thought, to solve current challenges. As an innovator, one needs to have strong business understanding and analytical skills to identify solutions addressing day-to-day challenges. Before building any product, one should figure out what problem is being solved and for whom. This perhaps is the first step to gauge success of a product.
Validate your idea by doing a competitor analysis and identify product uniqueness. Always be open to good ideas and also learn from competitor’s mistakes.
Once you put together all these pieces you begin your transition from ideation towards building minimal viable product.
Fig 1: MVP Process- Building Minimum Desirable Product
First step of building MVP is to define the user workflows (needless to say you understand the needs of different users). List all features that will be part of the entire product, as much as possible (it’s an evolving process). Prioritize features and group them into high value must-to-have vs potentially good-to-have. Once this exercise is complete, you may begin the development phase (Build-Test-Learn).
Most innovators fail to understand the real objective of MVP. It is to build product with minimum feature for visionaries and few initial customers, in other words we are selling a vision and not a product. Minimal viable product is all about translating end-user expectations.
Fig 2: Success formula for building MVP
Another key factor to ensure successful MVP is to leverage existing solutions that satisfy part of your  business workflows. For example: solutions like Pokitdok for Insurance verification, Validic for device integration, Vidyo for video collaboration, Twilio for secure messaging, MirthConnect as interface engine and many more. This is a much smarter approach than building all features from scratch. Why re-invent the wheel if someone has already solved that piece of puzzle. Our aim should be to design the core, the absolute essential features, with a unique proposition supporting seamless integration into existing workflows.
Early adopters should be convinced with the ease, usability, and value that the solution will add. MVP will help you to gather sufficient customer intelligence that will define the future development needs. Thus building a MVP will be your most valuable asset that will determine your success, and you will need a dynamic technology team to help you take off the idea.
We, at Faichi Solutions, are assisting innovative ideas to  quickly convert into MVP. We convert idea/ design into mature, scalable product, thus improving your chances to get next round of funding. We bring expertise like Population Health Management, Digital Health and Telemedicine, Remote Health Monitoring, mHealth, Enterprise system development, and Integrated Care Management. This helps startups to reduce overall development time to merely 12 to 16 weeks (within a budget of USD 60k to 85k, depending on the complexity of the product design). With experienced resources in healthcare, inherent Silicon Valley culture, we bring in two most valuable attribute Technology and Team, to your success.
Happy to connect with people with innovative ideas who are sitting on the fence (or otherwise) and itching to build a MVP.
Author
Tejas Deshmukh

Highly skilled and motivated professional with rich experience of 13+ years in software product development for Healthcare and Life Sciences vertical, proven track record of building innovative solutions, providing strategic consulting, pre-sales and operational management.
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