...underlying health care information systems and determine the most pressing need for innovation. The modern health care system involves managing an enormous amount of information about millions of people. Only with the help of modern information technology can the health care industry provide quality care to its patients. Health care information systems come in two forms: practice management and electronic health records (EHR). Practice management software allows the organization of patient appointments, lab results, and referrals, but does not organize with the specific information on each patient. EHR stores data on a patient's health history. An electronic health record contains the same information about a patient as a regular medical chart, such as medical history, medications, allergies, lab results, immunizations, and billing information. All health information systems consist of the software itself and the hardware. Although health information technology (HIT) software is utilized on computers by receptionists and medical staff, the data is often stored and managed off site by the HIT provider. Scanners and printers play a big role in EHR because of the amount of data that must be transformed into and from a digital format. Wireless routers are the next essential piece of a full EHR system that allows doctors to work with laptops or tablets for ease of workflow. “The management of healthcare organizations can be improved through the intelligent use of information. This requires...
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...Center for US Health System Reform Business Technology Office The ‘big data’ revolution in healthcare Accelerating value and innovation January 2013 Peter Groves Basel Kayyali David Knott Steve Van Kuiken Contents The ‘big data’revolution in healthcare: Accelerating value and innovation 1 Introduction1 Reaching the tipping point: A new view of big data in the healthcare industry 2 Impact of big data on the healthcare system 6 Big data as a source of innovation in healthcare 10 How to sustain the momentum 13 Getting started: Thoughts for senior leaders 17 1 The ‘big data’ revolution in healthcare: Accelerating value and innovation Introduction An era of open information in healthcare is now under way. We have already experienced a decade of progress in digitizing medical records, as pharmaceutical companies and other organizations aggregate years of research and development data in electronic databases. The federal government and other public stakeholders have also accelerated the move toward transparency by making decades of stored data usable, searchable, and actionable by the healthcare sector as a whole. Together, these increases in data liquidity have brought the industry to the tipping point. Healthcare stakeholders now have access to promising new threads of knowledge. This information is a form of “big data,” so called not only for its sheer volume but for its complexity, diversity, and timeliness...
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...Innovation in health care Name Institution affiliation Innovation in health care The past few decades have seen increasing trends in the adoption of healthcare information systems in various healthcare departments. Such technologies are targeted at increasing the quality of services, the credibility of diagnostic and treatment options all in a bid to improve the quality of life. Despite the adoption of such technologies, new technology and information systems are cropping up every making technology adoption in the healthcare sector a perpetual undertaking. The aim of this paper is to review the literature ascribing to the use of information technology, particularly in the nursing department. By definition, innovation is the process of introducing or acquiring a new system to aid in the accomplishment of duties. Ideally, innovation creates a state of change in the organization (Omachonu & Einspruch, 2010). As such, implementation of innovation technology is often a complex task that involves careful planning. In essence, the technological innovation aims at making a healthcare facility attain the status of high reliability organizations (HRO). One of the main challenges that healthcare organization report, when adopting a new technology, lies in the implementing of the decision to acquire a new technology. Managers employ different strategies in implementing decisions at their organizations; the success of these decisions is dependent on the chosen...
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...Healthcare is one of the largest growing industries in the United States. As quick as it is growing, new development is underway. New technology, new medication, and new shortcuts have an impact on healthcare. This kind of result has a way to be beneficial for not only the patient but also the community. Even though there is a risk with new ideas, healthcare is constantly changing because new technology is developing frequently and there is always room for improvement. What is healthcare innovation someone may ask, well healthcare innovation is new improvements or inventions in healthcare. Patient portals, electronic medical records, medical imagining, medications, regenerative medicine, surgical technology, medical technology, and virtual visits are just a few types of healthcare innovation in the works. Healthcare innovations will benefit patients and health care. The goal of healthcare innovations is to make the quality of life for individuals an improvement. The robotic surgeries allow doctors to perform minimally invasive surgeries instead of making large incisions. Therefore, allowing for better recovery time, smaller scars, less trauma to the body, and decreases the risk of infection. Regenerative medicine allows for new development with regenerating human cells. For example, stem cell transplants, used in treating leukemia, is a form of regenerative medicine. Medical imagining has allowed for quicker diagnosing of patient problems. The new developments in medications...
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...Cover Sheet For all handins Course Code: FEAD06 Course Name: Service Innovation Title of Work: Service Innovation in Different Industries The Last Date: 2011-09-16 Name of Student/Students Family Name Given Name T-Number Bhatty | Usman Tariq | 840415-9256 (R238) | | | | | | | | | | | | | Name of the Teacher: Lars Witell Name of the Administrator: Frania Johansson ------------------------------------------------- Filled out by the examiner First Return: _____ Second Return: ______ Fourth Return: _________ Passed: _________ Received Points: _________ Grade: _________ Examiner: __________________ Service Innovation In different industries Contents Introduction 1 Service Innovation in Industries 1 Financial Services 1 Health Services 3 Hospitality Services 5 Brief Analysis & Conclusion 6 References 7 Appendix-1 1 Introduction The study of services innovation immediately poses the question of how a ‘service’ should be defined. From a conceptual standpoint there are a variety of views. Crespi et al. (2006) review the literature and conclude: “...it is often useful to think of services as either intermediation activities, such as transport, that arise because consumers want to separate production and consumption, or contact services, such as haircuts or medical services, where production involves the consumer directly and where the output of the activity is embodied in the consumer ..... An important aspect of...
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...success and positively impact society” (“About”, n.d., para 6). To be successful in any personal venture one must be committed to their cause and posses certain qualities that help support their end goal. Entering into the GCU College of Business it is important to understand the three pillars that embody a graduate business student. The three pillars include servant leadership, entrepreneurial spirit, and innovation. Servant Leadership describes a leadership style that focuses on serving the needs of the team, client or community rather than the needs of the leader. “Characteristics of servant leaders include but are not limited to listening, empathy, awareness, persuasion, foresight, stewardship, and commitment to the growth of people” (Campbell & Rudisill, p. 27). As a registered nurse and nursing supervisor it is imperative I support my patients and peers through a servant leadership style. Today's healthcare system has become very complex; and in turn can be intimidating for patients and overwhelming to healthcare workers. In my professional practice I try lead by example and promote health and wellness through my commitment to caring for others. Servant leadership, like nursing is dedicated to promoting the growth and success of those around you. Everyday is a new opportunity for a servant leader to empower those in which they lead. Through a commitment to caring and service a servant leader will promote growth and independence in those who follow. WIth the proper support...
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...Life Sciences Innovations Benny Zeevi M.D. Managing General Partner, DFJ Tel Aviv Venture Partners Co – Chairman of IATI – Israel Advanced Technology Industries Innovation Latin -In and novare -To make something new, To change Idea – Innovation Continuum Idea Invention Translation Implementation Innovation Innovation: Drivers Innate curiosity Interpretation Reinterpretation Creativity Spontaneous Induced Challenges Unmet Needs Financial opportunity Entrepreneurship Corporate directives Government Agency directives Competition Crises Fear So What’s Next? Healthcare (Medicine) has to actively adopt Innovation in its teaching and culture, rather than letting it occur passively Innovation is needed to overcome the many stresses that exist on Healthcare (Medicine) today Healthcare Innovation - takes many forms Incremental : Adding a new feature to an existing product Examples: Next generation pacemaker that are safe for MRI, Biodegradable, diagnostic stents Healthcare Innovation - takes many forms Disruptive: New value creation, paradigms change Example: DES, TAVI It is difficult to foresee Disruptive Solutions They are rare to find: Requires excellent access to the best deal flow and deep intuition about the relevant markets The validity of their claim is more difficult to substantiate : Requires more thorough due diligence Development and execution risks are...
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...Shifts: The Future of Pensions and Healthcare in a Rapidly Ageing World Interim Report World Economic Forum, January 2008 The World Economic Forum would like to express special thanks to Mercer (Marsh & McLennan Companies) for its strong contribution to the Financing Demographic Shifts Initiative and the development of this document. In addition, the World Economic Forum would like to thank all active contributors from a broad range of Industry Partners, international organizations, leading academia and policymaking institutions for their ongoing support and guidance. All names of the members of the Advisory Board and Expert Group of this initiative will be included in the final scenarios report (to be published in the second half of 2008). The views expressed in this publication do not necessarily reflect the views of the World Economic Forum. World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Tel.: +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 E-mail: contact@weforum.org www.weforum.org @ 2008 World Economic Forum All rights reserved. No part of this publication may be reproducted or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system. Contents Introduction Executive Summary Demographic Shifts Key Challenges for Pensions and Healthcare in Developed and Less Developed Countries Key Driving Forces Shaping the Future of Pensions and Healthcare Globally Some Key Insights from the...
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...The GCU business college is assembled from three large pillars, which are entrepreneurial spirit, innovation, and servant leadership. But what do the above mentioned pillars mean and what ideals do they consist of? What is entrepreneurial spirit? It is a necessity for any type of company or organization to have for significant improvements. According to Licht (2007), entrepreneurial spirit is openness to change-an interest in the different and in new experiences while deemphasizing the safe and the proven (Licht, 2007, p. 819). Entrepreneurial spirit when displayed shows off a certain way on how one processes data or information and their style of intellect. In addition to the spirit, it gives one an immense urge for success and triumph, want for a centralized position of command, and a daring action tendency. The urge for success is seen as ambition to shine in reaching objectives in opposing environments as a result of tough effort, being self-questioning, and having perseverance. Entrepreneurs can carry an appearance of a motivator or dynamo, but may be viewed insignificant in conditions of their commitment for triumph. How does this entrepreneurial spirit reflect to the career industry I want to step in which is Health Administration? I believe there is very huge potential for Healthcare entrepreneurial spirit to provide to the performance of the delivery of healthcare. But the problem with this is that even though it might by well acknowledged by others it has not been...
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...HSA 510: Economics of Health and Medical Care Student: Lucy Njoya Assignment 3: The Management Challenge of Delivering Value in Health Care Strayer University Professor: Dr. Jeff Kaluyu Due: Week 8 Introduction: The healthcare industry is evolving both nationally and globally, and as a result, the challenges facing health care services delivery organizations are also increasing. Health care professionals are the decision-makers and also the ones closely associated with the day-to-day decision making processes affecting the delivery of health care services and goods to patients. The economic evaluation of the health care services delivery systems has proven to play an important role in the different types of health care decision-making. For example, formulary decisions, reimbursement decisions, high health cost decisions, and e-prescribing. This makes it a point of interest to assess the influence of economic evaluations on health care decision-making both at the macro, me so, and micro levels. Even though the impact of economic evaluation studies on health care decision making has been limited, there is an increasing requirement for the cost-effectiveness of the health care intervention to be considered when formulating and implementing guidelines for clinical practices. What is encouraging at this moment is the fact that health care decision-makers do recognize the usefulness and necessity of published economic evaluations that rightly inform the public about...
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...Data Visualization and Healthcare Lutalo O. Madzimoyo University of Maryland University College Turnitin Score 7% Abstract This research will examine the impact of data visualization as a megatrend on the delivery of healthcare. Information technology will have a profound impact on the healthcare industry in the digital age. Data visualization tools and methodology represent a reimagined way for individuals who receive healthcare to connect with data that will substantially change the way they will understand their health, maintain wellness, and receive healthcare services. Data visualization tools will also impact how patient information is shared, diagnoses rendered and treatments designed based on model integrated visual data models. Information technology is at the center of technological change and the healthcare services will be a major part of that change in an enduring way. DATA VISUALIZATION AND HEALTHCARE Introduction Data visualization is an information technology megatrend that can quite effectively inform research and strategy within the health industry. It is a disruptive technology that visually presents data in order to inspire an intuitive and deeper comprehension of complex subject matter, and relevant patterns and trends (Producer, 2013b). This enables health organizations to target research efforts and improve outcomes in services and treatment. The health industry is benefitting from the use of data visualization tools because it synthesizes...
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...Instructor: Roy Redman HCM307-1304A-03: The Health Care Industry Phase 4 Individual Project November 4, 2013 A See PowerPoint Presentation Well Done Joann: Future Healthcare Trends: - provided and discussed the major areas of technology in healthcare and how the innovations will apply to the field in 4-6 slides with speaker notes. Points - 43 /45 Critical Thinking Skills: student advances the discussion by synthesizing some information and drawing most of the required conclusions; additional details could be provided, but basic content is covered. Points - 33 /35 Application of Material to Real Life/Professional Experiences: answers are mostly complete and encourage understanding of the subject matter. Points: - 29 / 30 Organization of Material – thoughtful, thorough, well developed responses to the object of this assignment. Points - 25 / 25 APA Format, Grammar, and Sentence Structure: - Grammar and sentence structure are correct; APA format is followed. Points 15 / 15 Total Points 145 / 150 Be curious, Roy Redman Shi and Singh; Chapters 5, 12 & 14 Task Type: Individual Project Deliverable Length: PowerPoint Presentation 4–6 slides with speaker notes (not including title/referencce slides) with s Points Possible: 150 Due Date: 11/4/2013 11:59:59 PM CT One of the high points of the campaign will be a look to the future of Healing Hands Hospital. Mr. Wood asks you to help the public relations committee come up with some ideas that can be used in...
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...Siemens run its business in German and the other condition is that it runs its business internationally or in other destination countries. Political: Political factors always have great impact over the macro-environment in which the business runs, so multi-national companies need to do research on political environment before their international marketing planning. Siemens is doing well in evaluating political risk before it enters a new market. It is lucky for it that Germen government has steady relationship with lots of countries. Siemens often need to evaluate the historical relationship between countries that would benefit or do harm to its business. The influence of communities or unions for trading is also in its consideration. For example, trade barrier is also implemented in different firms of local laws. If necessary, a report regarding the political risks needs to be completed before its international marketing (Bell, 2001). Economic: The economic situation in destination countries, the impact of currency fluctuations on exchange rates, the development of local market, the local market structure (Barney, 1996), the local human resources and the predisposition of local consumers are all very important issues for Siemens to consider (Bierly,1996). The global economy just experienced the financial crisis; Siemens’ business in most countries also experienced a downturn. Another problem is that, together with the financial crisis is the tightened credit system for Siemens...
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...Kaiser Permanente (KP) is a well-known example of a fully integrated healthcare delivery system (IDS). It uses a “closed-group” staff HMO model, which implies that it is a payor and a provider of healthcare services. Through tight integration of its clinical services, KP offers one-stop shopping for most services including hospitalization, outpatient offices, pharmacy, radiology, laboratory and surgery. It uses care pathways, innovative IT Systems to derive Insights and lessons for improving patient outcomes and places a strong emphasis on Preventative Care. KP enables constant patient communication and continuously strives to achieve its ‘Home as a Hub’ goal of providing care. Thus, using the Single Connect Model, KP engages in a pro-active strategy. KP operates within the US managed Healthcare Industry. Over the last 2 years, the implementation of the Affordable Care Act (ACA) created significant opportunities for insurance providers by opening up an untapped market of individuals who were previously uninsured, and combined with increased premiums, resulted in higher Operating Results. Most recently, we witnessed the announcements of mergers and acquisitions among 4 out of the 5 largest insurance providers (Aetna’s merger with Humana for $37 billion and Anthem‘s acquisition of CIGNA for $54 billion). In 2014, KP had 9 million members and annual revenues of $ 56.4 billion, thus, creating big opportunities for high volume Suppliers, while increasing KP’s bargaining power. KP...
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...Health Wearable Technology !1 The Future of Health Wearable Technology and it's Impact on Healthcare Industry Prashanth Nimmagadda Texas A&M University- Commerce Health Wearable Technology !2 Table of Contents Abstract……………………………………………………………………………………………3 Introduction………………………………………………………………………………………..4 Review of the Literature…………………………………………………………………………..6 Methodology………………………………………………………………………………………8 Findings…………………………………………………………………………………………..9 Summary, Conclusion and Recommendations…………………………………………………..11 References………………………………………………………………………………………..12 Appendix A………………………………………………………………………………………14 Health Wearable Technology !3 Abstract Innovations in technology paved way for a new category of digital devices aimed at improving the quality of life and cost effective healthcare system. This never before seen intersection between technology and healthcare industry leads to an efficient ecosystem which brings value to customers, innovators and investors alike. Health Wearable Technology !4 Chapter 1: Introduction Background For years since the digital revolution, innovation on technological front in healthcare industry has been limited. The complete transaction between a customer and the healthcare organizations is a tedious process and the information system is unorganized. “Health Wearables” commonly called as activity trackers, are being developed by taking advantage of this revolution and thereby fueling the growth...
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