In a session at the 2013 American Telemedicine Association's International Meeting & Trade Show, Henley also cited five forces impacting healthcare today.
The plenary session on Monday at the American Telemedicine Association's International Meeting & Trade Show was presented by Jeffrey Henley, chairman of Oracle Corp.
Oracle is engaged in healthcare by enabling patient-centered technology for health engagement, and the company has invested heavily in developing software and IT infrastructure for disease management and health management. Oracle is also engaged with accountable care organizations, connected health, and public/private insurance exchanges.
Henley cited five forces affecting healthcare today:
- Clinical innovation
- Regulatory decisions
- Competitive threats
- Personalized medicine
- Financial challenges
He suggested that a 360-degree view of the patient is required along with a breaking down of the vertical silos that stifle insight and collaboration. Information is not collected today in a unified fashion, although the technology exists.
Henley noted that Oracle is interested in therapy adherence, noting an investment it has made in Proteus Digital Health, the ingestible sensor company. He mentioned that remote monitoring has the potential to save $197 billion in healthcare costs over the next 25 years. He also highlighted the need for better handling of the large amount of data that will be generated and cited some large improvements in data analysis using new computational capabilities.
In other news from the show, Qualcomm Life acquired HealthyCircles, an integrated, accessible, and interoperable software as a service (SaaS) care orchestration engine that seamlessly connects healthcare professionals, patients, families, caregivers, and associated systems to monitor and manage patients’ care outside of an acute care setting. Qualcomm Life continues to build upon its 2Net platform. A number of companies were represented at its booth at the show.