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Health innovation salon dinner highlights
www.pwc.com/180healthforum Health innovation salon dinner highlights The ROI of the “quantified self” Continuing PwC’s 180° Health Forum discussion Boston, Massachusetts - 2015 PwC and Healthspottr recently convened a select group of innovators, investors, and thought leaders from across the health industry to continue exploring the “quantified self”—the movement to leverage the wealth of consumer health data generated by mobile technologies, biometric devices, sensors in the environment, and more. Their challenge for the evening: To identify opportunities to increase the ROI of wearable devices and other technology innovations that enable the quantified self. How can we make better use of personal health data generated by the quantified self to elevate the quality of care, minimize cost, and expand access to care in the New Health Economy™? How can we leverage the data more effectively to produce measurable returns on the industry’s substantial financial investment in personal health technology? These are two of the critical questions our dinner guests explored. Introduction Through the eyes of the 1960s, it was 23rd-century medicine: portable, wireless devices that could sense and scan patients’ medical states, providing a wealth of data wherever and whenever needed by their users—the fictional future travelers of TV’s original “Star Trek” series. Today that sci-fi scenario doesn’t seem so far in the future. Smart clothing, fitness-tracking cell phone apps, wearable devices and connected technology are enabling the concept of the quantified self, and adding a rich dimension to the New Health Economy™. Personal health devices offer patients the possibility of taking a more active and informed role in managing their health. They point health systems to new avenues for improving care and reducing costs by monitoring patients outside the office. These devices provide employers and insurers with a new trove of population health data. And they give pharma/life sciences companies a complement to clinical trials as well as a powerful new approach to Startup Health Insights™, Digital Health Funding Rankings, 2015: The Year Digital Health Hit Its Stride, December 15, 2015, Startup + Health, http://www.startuphealth.com/content/ insights-2015. 1 Health innovation salon dinner 2015 measuring their products’ outcomes and demonstrating their value. Given these benefits, it’s no wonder that the quantified self is gaining the attention of investors: While venture funding across all digital health startups declined from a recordbreaking $7 billion in 2014 to $5.8 billion in 2015, funding in the specific areas of “Personalized Health/Quantified Self” is now the fourth-largest category, bringing in $583 million in total dollars raised in 2015, according to research by StartUp Health.1 This same category ranked seventh in total dollars raised in 2014. Consumers are also intrigued: Nearly one in two respondents to a 2014 PwC survey said they were “very” or “somewhat” likely to buy a wearable in the following year.2 That said, adoption so far has been modest: 21% of American adults own a wearable, and more than half of these owners wear their devices only occasionally or not at all, the PwC survey found.3 “Health Wearables: Early Days,” PwC Health Research Institute, 2014. https://www.pwc.com/us/en/healthindustries/top-health-industryissues/assets/pwc-hri-wearable-devices.pdf 2 3 Ibid. Key conclusions Over several hours of candid but nuanced discussion, the group surfaced insights into three key themes: 1 | What data must do: Data from wearables should be leveraged for numerous purposes. It must be used to make disease management easier, provide consumers with interventions, not just information, and create a sense of shared purpose for patients. The data should help payers to measure, and pharma/life sciences companies to demonstrate, the efficacy and value of drugs. Finally, the health data generated by wearables should be used to illuminate genetics, and to enable truly global drug development. 2 | The data disconnect: What explains the gap between consumers’ optimistic opinions of wearables and their relatively slow adoption of this “quantified self” technology? Our dinner guests emphasized the need for technology to cohere with patients’ goals, limitations, social environments, and daily obligations—what one called “the workflow of life.” But a lack of coherence isn’t the only reason for the modest adoption rate of wearables: Advocates for the quantified self also must be cognizant of patients’ weariness and mistrust of a health system which offers advice that changes over time and often conflicts with previous messages. Data will always play a key role in treating disease and improving health. But it’s important to differentiate the potential for using patientgenerated data in the wellness space and the potentially greater impact of such data in treating illness and disease. 3 | Where opportunities lie: Companies that manufacture wearables and other connected health technology would be wise to capitalize on opportunities to generate new metrics for understanding the health states of patients with complex diseases, and tap into the eagerness of chronic disease patients to know the status of their conditions. Patient-generated data presents other opportunities as well: It could give providers new ways to differentiate themselves; fill gaps in care and guide payers’ decisions about providing new services; and inform more effective, innovative high-touch interactions with patients. Our dinner group concluded that one thing is certain: Collecting and mining data will be insufficient to the task of enhancing health and wellness. If participants in the New Health Economy™ are serious about evolving solutions that will improve care quality and outcomes, and deliver better user experiences to patients and caregivers, all stakeholders must consider the larger context in which health and healthcare take place—the “quantified community.” 1 The ROI of the “quantified self” 1 | What data must do: To many innovators in the New Health Economy™, few priorities are as pressing as driving healthier behavior to tackle the chronic conditions that account for 86% of healthcare spending, according to the Centers for Disease Control and Prevention.4 In a nation in which diabetes accounted for an estimated $245 billion in medical costs and lost productivity in 2012, more than half of adults don’t meet recommendations for physical activity.5While heart disease and stroke led to an estimated $315.4 billion in medical costs in 2010, 90% of Americans raise their risk of high blood pressure by consuming more salt than recommended.6 Despite a notable decline in smoking over the last 50 years, 15% of adults in the US still haven’t kicked the habit.7And despite widespread knowledge of the dangers of alcohol abuse, overconsumption of alcohol causes 88,000 deaths a year.8 Against this backdrop, one of the most powerful things wearable devices can do, according to our dinner salon participants, is make a case to patients to change their ways, using hard numbers and in real time. As PwC Principal Paul D’Alessandro sees it, the quantified self movement could help to solve healthcare’s problem of what behavioral economists term “hyperbolic discounting”—disproportionately valuing present rewards over more distant goals, or overvaluing the upside of a choice today and undervaluing its downside consequences for the future. “How do I bridge that gap between my actions today and my outcomes tomorrow?” D’Alessandro asked. “And does this stream of data that’s coming off of me and this notion of the quantified self and beyond really begin to address that?... All of a sudden we see promise—we have line of sight to that.” 4 http://www.cdc.gov/chronicdisease/ American Diabetes Association. The Cost of Diabetes. http://www.diabetes.org/advocate/resources/cost-of-diabetes.html. Accessed December 23, 2013. 6 Go AS, Mozaffarian D, Roger VL, Benjamin EJ, Berry JD, Blaha MJ, et al; American Heart Association Statistics Committee and Stroke Statistics Subcommittee. Heart disease and stroke statistics--2014 update: a report from the American Heart Association.Circulation. 2014; 129(3):e28-292. http://circ.ahajournals.org/content/early/2013/12/18/01.cir.0000441139.02102.80.full.pdf. 5 7 http://www.cdc.gov/nchs/data/nhis/earlyrelease/earlyrelease201509_08.pdf Kanny D, Liu Y, Brewer RD, Garvin WS, Balluz L. Vital signs: Binge drinking prevalence, frequency, and intensity among adults—United States, 2010.MMWR. 2012; 61:14-19. http://www.cdc.gov/mmwr/preview/mmwrhtml/mm6101a4.htm?s_cid=mm6101a4_e%0d%0a. 8 2 Health innovation salon dinner 2015 How do I bridge that gap between my actions today and my outcomes tomorrow, and does this stream of data that’s coming off of me and this notion of the quantified self and beyond really begin to address that?... All of a sudden we see promise -- we have line of sight to that. Paul D’Alessandro Principal, PwC Wearable devices could make inroads into changing behavior, our dinner guests agreed. For patients, such technology could make it simpler to manage chronic diseases within the “workflow of life”; make information more powerful by coupling it with intervention; and help to create a sense of shared purpose by enabling patients to exchange data and contribute to research that advances healthcare as a whole. For payers, the quantified self could help to clarify the efficacy and value of drugs. And for pharma/life sciences companies, patient-generated data might aid in demonstrating product value; illuminating genetic factors in health; and conceivably, in engaging in truly global R&D. Easing disease management: Some diabetes patients spend up to five hours a day booking appointments, seeing physicians, filling prescriptions, completing paperwork, and more, said Charlotte Yeh, MD, Chief Medical Officer, AARP Services Inc. Yeh feels that personal health devices could, and should, shift the focus from how healthcare manages patients to how patients manage healthcare. "We all say, 'This is what we want the consumer to do' [and] ‘how do we put this in the workflow of the physician practice?’ but we never talk about the workflow of your life,” she said. “…If you can actually impact that burden of care and streamline [the patient’s] workflow of life at home, then now you’ve got a reason that they’re going to embrace and participate.” We all say, ‘This is what we want the consumer to do’ [and] ‘how do we put this in the workflow of the physician practice?’ But we never talk about the workflow of your life…. If you can actually impact that burden of care and streamline [the patient’s] workflow of life at home, then now you’ve got a reason that they’re going to embrace and participate. Charlotte Yeh, MD Chief Medical Officer, AARP Services Inc. Providing intervention, not just information: Devices need to do more than give patients a status report, according to Kemp Bray, Director of Strategy, Parexel International. “[T]he trick is connecting that to something that enables people to actually make a decision on how to change” their health status,” he told the dinner group. 3 The ROI of the “quantified self” Fostering shared purpose: Some consumers are already proving they’re eager to engage with health data, through information networks such as PatientsLikeMe, an online community in which more than 370,000 patients with various conditions have volunteered their information to compare notes and contribute to research.9 For instance, as part of a recent joint study by PatientsLikeMe and Biogen, 248 multiple sclerosis patients were given wearable health tracking devices. The goal was to explore whether the activity trackers could be useful in collecting mobility data. The results were positive: 83% of participants said they would keep using the devices after the study, according to PatientsLikeMe.10Daniel Palestrant, MD, Founder & CEO, Par8o, who isn’t involved with PatientsLikeMe, suggests what makes such efforts succeed is “a shared purpose of helping others. Tapping into that, I think, is what’s so powerful.” Helping payers to measure, and pharma to demonstrate, drug efficacy and value: As they seek to negotiate outcomes-based contracts with pharma/life sciences companies, payers are looking to patient-generated data to help “get a better sense of what’s value, and pay for that,” said Richard Weisblatt, PhD, Chief of Innovation & Strategy, Harvard Pilgrim Health Care. And pharma companies hope that quantified-self data can help to define their products’ value proposition “so that our product becomes consumed in a much smarter way, where we can actually make it work [in] our patient, real-time,” said Ruchin Kansal, Executive Director and Head of Business Innovation, Boehringer Ingelheim. Illuminate genetics: Amid the focus on behavioral factors in health and illness, it’s important to remember that genes also play a vital role. If the quantified self movement can illuminate genetic predispositions to disease, it could enable pharma companies to carve out new markets for their products among susceptible populations, said Rick Edmunds, Principal, PwC’s Strategy&. But he cautioned that the key is having material, immediate, actionable information. Can consumer-generated data be translated into such information? “Can you look through the lens of: How can you apply this in a way that’s not hypothetical?” he asked. “ … As an individual, will I make a different decision that’s not based on a meta-analysis, but based on my predisposition to [a condition] or what will happen [to me] next year?” 9 https://www.patientslikeme.com/patients 10 4 “PatientsLikeMe Study Monitors Walking Activity in People with MS,” PatientsLikeMe, April 15, 2015. http://news.patientslikeme.com/press-release/patientslikeme-studymonitors-walking-activity-people-ms Health innovation salon dinner 2015 Helping pharma to think globally: As they make research investments on a global scale, pharma/life sciences companies are hungry for worldwide data rather than regional or health-system-wide statistics, according to Bray of Parexel. “We really need global data sets where the data actually lines up, and that’s the big wall that we keep running into,” he said. Could a world of quantified selves shed new light on how to treat disease? How can you apply this information in a way that’s not hypothetical? … As an individual, will I make a different decision that’s not based on a metaanalysis, but based on my predisposition to [a condition]? Rick Edmunds Principal, Strategy& 2 | The data disconnect If healthcare industry experts see potential in wearables, so do consumers. More than half of those surveyed by PwC for its health wearables study (56%) believe the devices will increase average life expectancy by ten years, and 46% think they will reduce obesity. But those great expectations don’t translate into a high level of usage, the research showed.11 That finding is not lost on those in the wearables market. “There’s a real problem in retention, even among motivated people,” said Graeme Moffat, PhD, Director of Scientific & Regulatory Affairs for InteraXon, maker of the Muse brain-sensing headband. Moffat says that Muse’s retention rate is higher than most, but he offered an idea about why interest in some wearables wanes: “We may not have figured out how to integrate this into people’s lives in a way that simple and easy for them to act on,” he told the dinner group. The theme of integrating data monitoring into patients’ lives resonated as the group discussed what could be called the data disconnect: the gaps between optimism and adoption of quantified self technology, between the potential benefits and the actual ROI. Several participants argued strongly that the drive for data will be a dead end unless the New Health Economy™ charts the psychosocial landscape that shapes consumers’ health behaviors, choices, and goals. Others cited additional pitfalls, including patients’ shaken trust in a health system that has offered inconsistent guidance. Yet data is also the cornerstone of the healthcare industry’s record of success in curing diseases and relieving suffering, the group noted. So it’s important to differentiate what quantified-self measurement can do for those who are sick from what it can offer to those who are healthy. 11 5 “Health Wearables: Early Days,” PwC Health Research Institute, 2014. https://www.pwc.com/us/en/health-industries/top-health-industry-issues/assets/pwc-hriwearable-devices.pdf The ROI of the “quantified self” The quantified self and the psychosocial equation Data alone isn't the answer to improving outcomes because health, in itself, isn't a patient's goal: “It's living well, with health as a component or a means of doing so,” said Yeh of AARP Services. Yeh believes that sparking healthier behavior requires understanding patients’ motivations at least as much as their metrics. "It’s not about ‘what is my hemoglobin A1C [a type of blood-glucose measurement] and ‘What is my weight gain?’ ” She said. “What you’re really being driven by is: ‘Can I go to my granddaughter’s wedding, and, more importantly, can I dance at my granddaughter’s wedding?’ And when you hit that level of connection, then it allows you to say, ‘I can,’ and then we say, ‘Here’s how we can do that in a way that’s not painful, and you can succeed.’” In fact, Yeh argues that addressing the emotional and psychosocial components of health may accomplish more than does drilling down into data. She co-authored a study, published this year in the journal Gerontology & Geriatric Medicine, of 3,765 Medicare patients with relatively intense health needs. 12According to Yeh, the research found that almost 55% of patients suffered at least some level of loneliness and 28% were severely lonely. More importantly, severe loneliness was a stronger predictor of dissatisfaction with care than were various demographic, socioeconomic, and health factors. Furthermore, Yeh shared that forthcoming AARP research on Medigap patients (those with insurance that supplements Medicare) found that socially isolated patients spent an average of $137 a month more on healthcare, Yeh told the dinner group. She reminded her colleagues that various non-AARP research has suggested that having a sense of purpose in life lowers risks of heart disease and stroke and slows the progress of Alzheimer’s disease, and that life satisfaction correlates with fewer hospitalizations and physician visits.13 “We have forgotten some of those emotional connections that really, actually influence your health,” Yeh concluded. This is not to say that gathering health data isn’t important, but if healthcare companies want to integrate wearables into the "workflow of life," they must also recognize that employing quantified self-data—that is, putting to practical use the numbers and statistics collected by a wearable or biometric device—has to be made much easier for busy end-users. As it is, said dinner guest Alexandra Drane, taking the time to interpret and comprehend the data they produce while sporting a smart watch is a luxury too few consumers 12 13 6 Charlotte S. Yeh, MA, FACEP, et al, The Impact of Loneliness on Quality of Life and Patient Satisfaction Among Older Sicker Adults, Gerontology & Geriatric Medicine, JanuaryDecember 2015: 1–9 http://www.researchgate.net/publication/276206004 Patricia A. Boyle, PhD, Aron S. Buchman, MD; Robert S. Wilson, PhD; Lei Yu, PhD; Julie A. Schneider, MD; David A. Bennett, MD, Effect of Purpose in Life on the Relation Between Alzheimer Disease Pathologic Changes on Cognitive Function in Advanced Age, JAMA Psychiatry, May 2012, Vol 69, No. 5. http://archpsyc.jamanetwork.com/article.aspx?articleid=1151486 Health innovation salon dinner 2015 enjoy in the face of daily priorities like work, caring for children or paying the bills. Ms. Drane is Co-Founder and Chairman of Eliza Corp., a health engagement management company that collects data on consumers’ healthcare actions, behaviors, and decisions. In Eliza’s experience, she shared, the connections between personal strain and health problems aren’t hypothetical, or fleeting: Divorced women suffer heart attacks at higher rates than women whose marriages endure, even if the divorcees remarry, according to a Duke Medicine study that tracked over 15,000 adults for 18 years.14 "The healthcare system, right now, is so fixated on technology in search of a problem,” she told the group. “What if we started with the real problems that are waking people up at night?...If I lecture you about your diabetes while you’re going through your divorce, I’ve lost you.” Rather than emphasizing “quantified self” technology, focus first on quantifying stress and alleviating it, Drane suggested. Some possibilities: prioritizing the use of technology to connect caregivers to one another to alleviate their isolation and stress, or working on ways to promote volunteering. Studies suggest that volunteering promotes better health in older people, linking it to such benefits as lower blood pressure 15 and Stanford University’s Center on Longevity has proposed further research to assess whether volunteering produces short term cognitive benefits in individual participants and, if it does, might therefore also help produce the long term benefit of ultimately lowering health care costs. 16 The healthcare system, right now, is so fixated on technology in search of a problem. What if we started with the real problems that are waking people up at night?….If I lecture you about your diabetes while you’re going through your divorce, I’ve lost you. Alexandra Drane Co-Founder and Chairman, Eliza Corp. Co-Founder, Engage With Grace and Seduce Health Even if it’s not an ill-timed lecture, are consumers willing to listen to a pitch to quantify themselves? In conducting consumer studies, PwC Principal Doug Billings finds that people feel bombarded by so much ever-changing medical information—study upon study, conflicting dietary advice—that “the message I hear, loud and clear, is: ‘The health industry, you guys have lost credibility,’” he said. Matthew E. Dupre, PhD et al, Association Between Divorce and Risks for Acute Myocardial Infarction, Circulation: Cardiovascular Quality and Outcomes, April 14, 2015. http://circoutcomes.ahajournals.org/content/early/2015/04/13/CIRCOUTCOMES.114.001291. full.pdf+html 14 15 Sneed, Rodlescia S. and Cohen, Sheldon, A prospective study of volunteerism and hypertension risk in older adults. Psychology and Aging, Vol 28(2), Jun 2013, 578 586.http://dx.doi.org/10.1037/a0032718 16 7 http://longevity3.stanford.edu/santa-clara-county-volunteering-survey/ The ROI of the “quantified self” Andrew Norden, MD, Associate Chief Medical Director of Dana-Farber Cancer Institute, openly doubts that technology is the secret ingredient that can induce people to stop doing pleasurable but unhealthy things. As a neurologist, he well knows how powerfully pleasure acts upon people. While Muse and some other entrepreneurial health organizations may be making headway with a base of motivated customers, Norton believes the potential for widespread behavior change is limited: “I think the likelihood of building successful businesses around motivating people to change the most deeply entrenched behaviors is small," he said. I think the likelihood of building successful businesses around motivating people to change the most deeply entrenched behaviors is small. Andrew Norden, MD Associate Chief Medical Director, Dana-Farber Cancer Institute But our experts cautioned against looking to the experience of the quantified self in the wellness space to extrapolate conclusions about its potential to attack disease. “When we become sick, the value proposition and formula for generating an ROI radically changes; the ability to leverage data in very specific concrete ways to effect positive outcome is profound,” said Healthspottr Co-Founder and CEO Carleen Hawn. Besides informing treatment and medical advances, patient-generated data can provide useful insights into environmental and societal factors related to health, added Harvard Pilgrim’s Weisblatt. “That’s where Big Data is so interesting to us, as a health plan,” he said. “… We’re curing new diseases every day, so this is not about just counting steps.” Case study | The Muse headband: Tapping into the quantified mind Many wearables give users a glimpse of what’s going on inside their bodies. The Muse headband offers a peek inside their minds. With seven brainwave sensors packed into a headband, Muse functions like a mini electroencephalogram (EEG), but it doesn’t require a neurologist to interpret the results. Instead, Muse uses Bluetooth technology to link to a cell phone or other mobile device and give users instant feedback about their state of mind by translating brain activity into wind sounds. Calm, focused mentation sounds like tropical breezes; a restless, active brain, like stormy gusts. “We use [it] to teach or to help people who are motivated to learn how to meditate and self-regulate, and we get a lot of positive feedback on the efficacy of that, because it gives not only relatively long-term, data-over-days-and-weeks kind of feedback, but immediate and direct feedback on how someone is doing and what they’re trying to achieve,” Graeme Moffat of InteraXon told the dinner group. 8 Health innovation salon dinner 2015 Marketed as a meditation aid, Muse—which retails at about $300—boasted $3.5 million in sales in the first few months after its 2014 introduction, according to InteraXon’s co-founder and CEO Ariel Garten. 17 The product has enjoyed extensive coverage in general-interest media as well as the tech and business press. 18 Funders have taken notice: After raising nearly $300,000 through a campaign launched in 2012 on the crowdfunding platform Indiegogo, Toronto-based InteraXon secured $6 million in series A funding in 201319 and another $10 million in series B funding in May of 2015. 20 While positioning Muse as a mindfulness tool in settings from corporate wellness programs to golf courses, InteraXon also has invited mental health professionals to incorporate the device into their practices, as a way to monitor patients’ engagement outside of sessions and a means of developing new revenue streams. 21 The company has also joined forces with universities and hospitals to engage in research, including a Mayo Clinic study on whether meditation can reduce stress among breast cancer patients undergoing surgery. 22 3 | Where opportunities lie Capitalizing on data collected through quantified-self technologies may not be easy, but the experts gathered in Boston offered ideas on how to accomplish it. Connected technology could generate new ways of understanding the health states of patients with complex diseases and chronic conditions. Health systems could use quantified self-technologies and data to design more effective interactions with their patients, and to establish branddifferentiation from peers in the market. Payers could use quantified self-data to fill gaps in care and guide decisions about providing new services. Above all, the New Health Economy™ must do more than zoom in on the quantified self; it must integrate the benefits of the quantified self and of consumer generated data into the broader health infrastructure and social environment that surrounds the individual. Lauren Orsini, “Speaker Profile: Interaxon's Ariel Garten On Muse, The Art Of Zen—And Mind Games,” April 30, 2015. http://readwrite.com/2015/04/30/ariel-garten-wearable-worldcongress-interaxon-muse 17 18 http://www.choosemuse.com/what-are-people-saying/#press “InteraXon Raises $6M Series A Round From Horizon, A-Grade And Others For Its BrainwaveSensing Headset,” Techcrunch, August 15, 2013. http://techcrunch.com/2013/08/15/interaxonraises-6m-series-a-round-from-horizon-a-grade-and-others-for-its-brainwave-sensingheadset/ 19 “OMERS Ventures leads $10 mln Series B funding of InteraXon,” PE Hub, May 7, 2015. https://www.pehub.com/canada/2015/05/07/omers-ventures-leads-10-mln-series-b-fundingof-interaxon/ 20 21 http://www.choosemuse.com/professionals/ Abigail Ballou, “Not Just a Meditation Tool: The Muse Brain Sensing Headband in Neuroscience Research,” Medtech Boston, October 14, 2015. https://medtechboston.medstro.com/not-just-a-meditation-tool-the-muse-brain-sensingheadband-in-neuroscience-research/ 22 9 The ROI of the “quantified self” Developing new measures for complex and chronic health conditions Besides aiding patients and caregivers, solutions such as NEAR’s may provide more sensitive metrics and lenses for viewing complex diseases, such as dementia, about which healthcare players lament that too little data is available, PwC’s D’Alessandro said. Such monitoring could pinpoint “the threshold of observable data that begins to tell us something about the patient,” whether it’s the number of times a dementia patient gets up at night or an indication that the patient is diverging from his or her normal routine, he noted. In other words, PwC’s Edmunds said, the data could help to speed decision making by showing “you don't need perfect information....You need enough to say, ‘This person needs more care.’” Parexel’s Bray thinks the quantified self movement also has applicability to chronic disease sufferers who are worried about their quality of life declining, want to change, and are primed to take advantage of what data has to offer. “In combination with changes they know they can do and then see the feedback, that can have a big impact on (a) people’s lives, and (b) a huge chunk of the spending within healthcare,” he said. Creating new metrics to differentiate providers: PwC Partner Bob Valletta thinks that quantified-self data can help to answer a nettlesome question for healthcare: What are good metrics to use to identify quality? “The additional data will help organizations to do that,” he said. “It’s an opportunity for health systems to differentiate themselves… People will be able to track it better, and there will be a better transparency level to be able to compare organizations.” This is an opportunity for health systems to differentiate themselves…. We’ve struggled, as a sector, saying, ‘What are good metrics to identify good quality?’ The additional data will help organizations to do that. …People will be able to track it better, and there will be a better transparency level to be able to compare organizations. Bob Valletta, Partner, PwC Providing a human touch However compelling the new technologies, their true potential lies in shaping better interactions with patients, said Valerie Fleishman, Executive Director of the Network for Excellence in Health Innovation, a nonprofit policy institute. The institute’s studies of remote, in-home monitoring for heart failure patients have found that technology reduces costs and the rate of 10 Health innovation salon dinner 2015 hospital readmissions.23But in talking to a few patients, “the answer we heard back more than anything was that they just like talking to someone” about their care, Fleishman said. “We’re always trying to develop these fancy technologies, and at the end of the day, people want that human interaction,” she noted. “What interests me is less the person themselves using the data and counting steps and all that, and it's more: How do we leverage data and technology to provide high-touch interventions? Because at the end of the day, I think that's what's really been shown to work.” Tom DeLay, CEO of iHealth Analytics and COO of Healthspottr adds that, much like persuading a consumer to do anything else, the New Health Economy™ needs to put patient-generated data in the hands of “a caregiver who can actually put that into action and translate it in an emotional interaction.” Filling gaps in care and guiding new services As one of New England’s leading not-for-profit health plans, Harvard Pilgrim Health Care is interested in looking to technology to play a role in bridging care gaps, such as the gap between providers’ offices and patients’ homes, Weisblatt noted. The health plan is considering a range of services that might not usually be reimbursable, and it’s working with providers and directly with consumers to try to discern “who are those disrupters that are providing what people want when they want it,” he said. But “the problem is sorting out the wheat from the chaff,” he added. “There’s a lot of things that sound really good, but I can’t tell whether they make a difference or not. We’re talking to a lot of folks and trying to promote payment for [the technology], so that payment is not an obstacle for people getting it.” We're always trying to develop these fancy technologies, and at the end of the day, people want that human interaction. What interests me is less the person themselves using the data and counting steps and all that, and it's more: How do we leverage data and technology to provide high-touch interventions? Valerie Fleishman Executive Director, the Network for Excellence in Health Innovation Network for Excellence in Health Innovation, 2004: http://www.nehi.net/writable/publication_files/file/final_rpm_minuteman_color.pdf. And an update in 2009: http://www.nehi.net/writable/publication_files/file/rpm_research_update.pdf. 23 11 The ROI of the “quantified self” Conclusion – The quantified community The biggest opportunity to make the quantified self a potent, profitable element in the New Health Economy™ lies in rethinking it as more than a self, the dinner group agreed. “Technology, on its own, isn't going to do anything,” said Parexel’s Bray. “It has to be done in combination with integrating with processes and communities in order to drive change. There's a whole social angle to technology that can really support the mental health side of improving healthcare.” PwC’s Billings proposes a term for that social angle: the quantified community. After all, he noted, “we're social beings,” enmeshed in and influenced by those around us. “The quantified self, I think, is a misnomer,” he said. “It's the quantified community. It's the quantified social structure.… Whether it's you and your family or it's you and your peers, it is the quantified community.” The quantified self, I think, is a misnomer; it is the quantified community. It’s the quantified social structure.… Whether it is you and your family or…you and your peers, it is the quantified community. Doug Billings, Principal, PwC 12 Health innovation salon dinner 2015 Participants Ada Au, PhD, Strategic Implementation Manger, Smith & Nephew Kemp Bray: Director of Strategy, Parexel International Alexandra Drane, Co-Founder & Chairman, Eliza Corp. Valerie Fleishman, Executive Director, The Network for Excellence in Health Innovation Patricia Forts, Director of Innovation & Strategy, Harvard Pilgrim Health Care Ruchin Kansal, Executive Director and Health of Business Innovation, Boehringer Ingelheim Graeme Moffat, PhD, Director, Scientific and Regulatory Affairs, InteraXon Andrew Norden, MD, Associate Chief Medical Director, Dana-Farber Cancer Institute Daniel Palestrant, MD, Founder & CEO, Par8o Richard Weisblatt, PhD, Chief of Innovation & Strategy, Harvard Pilgrim Health Care Charlotte Yeh, MD, Chief Medical Officer, AARP Services, Inc. Event hosts 14 Bob Valletta, Partner, PwC Doug Billings, Principal, PwC Rick Edmunds, Principal, Strategy& Paul D’Alessandro, Principal, PwC Todd Hall, Health Industries Marketing Leader, PwC Tom DeLay, CEO iHealth Analytics, and COO, Healthspottr Carleen Hawn, Co-founder and CEO, Healthspottr Health innovation salon dinner 2015 More information To find out more about PwC Health Industries and the innovation salon dinners, please contact: Kelly Barnes US Health Industries and Global Health Industries Consulting Leader [email protected] (214) 754-5172 Carleen Hawn CEO, Healthspottr (415) 306–7451 [email protected] Bob Valletta US Health Services Leader (617) 530 4053 [email protected] Tom DeLay COO, Healthspottr (415) 302–1133 [email protected] Mike Swanick US Pharmaceuticals and Life Sciences Leader (267) 330-6060 [email protected] Doug Billings Principal, PwC (508) 878-9067 [email protected] Rick Edmunds Principal, Strategy& (703) 682-5755 [email protected] Paul D'Alessandro Principal, PwC (847) 910-5763 [email protected] Todd Hall US Health Industries Marketing Leader (617) 530-4185 [email protected] www.pwc.com/180healthforum © 2016 PwC. 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