Posted on October 2, 2015 06:29 PMComments:
CBG Opportunity Required Fields Grid
Posted on September 21, 2015 03:35 PMComments:
Posted on September 15, 2015 01:30 PMComments:
Healthcare is undergoing major transformation that is changing the way individuals engage with their care, how providers are reimbursed, how health insurance companies interact with consumers and how employers are providing benefits. I’d say that’s pretty major. Any disruptive force, regulatory or market driven, requires a new way of thinking about solving problems. It requires innovation. The problem is that health plans that set up “Innovation Departments”, "Innovation Labs”, or invest in "Start-up Accelerators" may be missing the big point.
- Change your Mission Statement. There is nothing wrong with changing your mission to align with the realities of your business. Consider Microsoft. For many years their mission was “a computer on every desk and in every home." In 2015, the new CEO, Satya Nadella changed it to, “Empower every person and every organization on the planet to achieve more.” This is the one of the most valuable companies in the world that changed their mission. It's okay. Changing the mission was a signal to the market and the organization that things are going to be different.
- Acknowledge Physics. Change the Mass. It is simple physics according to Newton’s Second Law that Force = Mass x Acceleration. The larger the mass the larger the Force (innovation) that will be required. Unfortunately acceleration needs to be company wide which means that its application to the entire mass (the organization) will require a huge amount of force. Unless, that is, you decrease the mass or change its construction. A mass that has been in steady state for 20+ years may be resistant to change. Change the mass.
- Be Courageous. Well known scholar and author, Brenè Brown, recently wrote Rising Strong: The Physics of Vulnerability. If you want to be in the arena (and all current CEO’s of health plans are playing in the new arena of healthcare) and you want to dare greatly you are signing up to get your ass kicked. And when we sign up for that we can choose comfort or courage. We can’t choose both. There are cheap seats in the arena for people that don’t venture on to the floor. Venture on to the floor. It will take special leaders to navigate this change.
Posted on September 8, 2015 01:30 PMComments:
Posted on September 8, 2015 01:20 AMComments:
How Wellness Programs Must Evolve
Summary: Last month a diverse group of experts gathered in New York for a roundtable discussion on “redefining workplace wellness.” The group spanned academia, the health professions and corporate America and while their conclusions weren’t necessarily groundbreaking, they were nonetheless insightful and thought-provoking. The Global Wellness Institute organized the meeting and they’ve just released a report summarizing the discussion. Andrew Mcilvaine includes some of the highlights in his blog, including the impact and future of wearables and health technology.
Fitness Trackers: Trend or Tool?
Summary: Move over, wristwatch, there’s a new accessory in town and it’s sleek, functional and wildly popular. Wearable fitness devices—think FitBit, Garmin, Jawbone, Apple Watch—are strapped around the wrists of people everywhere, tracking their every move. University of Rochester’s Lori Barrette’s discussion with UR Medicine family physician Dr. Michael Mendoza, she asks if they’re a trend, a status symbol, or a useful wellness tool.
NeuroMetrix's forthcoming app may require FDA approval
Summary: The Food and Drug Administration has said it doesn’t want to get involved with health-related apps. A forthcoming product from NeuroMetrix, the maker of the Quell device, might change that. Quell, an over-the-counter device that uses electrical nerve stimulation to manage pain. More details in this article from Erika Morphy
Digital health: Moving toward a healthcare revolution
Summary: Runners were the first to discover the potential of wearable devices several years ago. They started using watches and pedometers to measure steps, location and heart rate. As technology became increasingly sophisticated, early technology adopters and fitness enthusiasts followed suit. Today, nearly 75 percent of adults are using a fitness tracker. And, it is projected that about 120 million wearable devices will be sold by 2018. The eventual future of healthcare is one in which most patients will be hyper-connected to a network of devices and generating an astounding amount of data. More details in this article from Ryan Beckland
Apple Debuts at the Number Two Spot as the Worldwide Wearables Market Grows 223.2% in 2Q15, Says IDC
Summary: In its first appearance in the wearables market, Apple finds itself within striking distance of the established market leader, Fitbit. Anytime Apple enters a new market, not only does it draw attention to itself, but to the market as a whole. The article from BusinessWire provides more details on the current trends and market share in the wearables industry
Can digital fitness trackers get you moving?
Summary: The study’s researchers wanted to see if digital fitness trackers would increase physical activity among older women. Heidi Godman discusses the results of this study by American Journal of Preventive Medicine (AJPM).
Wearable devices pose data security problems
Summary: While wearables have become quite popular, they do pose some risk to employers regardless of the company’s stance on wearables. If an employer will issue wearables to some or all employees, questions are being asked on what they plan to do with the data that is collected and how will they keep it secure? Jeffrey Labarge with Rochester Business Journal discusses this in more detail.
Posted on September 1, 2015 03:46 PMComments:
Novant Health Connects Patients and Doctors Through Wearable Technology
Summary: Beginning this month, Novant Health patients will be able to share data from their fitness tracker with their doctor through Novant Health's electronic patient portal, MyChart. Novant Health's more than 430,000 MyChart users will be able to submit data from personal fitness devices, such as smart scales and wearable fitness trackers, directly to their doctors. More on this from Novant Health
Fitness Wearables are taking off across the globe, but for how long?
Summary: Fitness wearables are in the news with the success of Fitbit’s IPO, which launched on June 18th this year at USD20 per share and reached nearly USD48 per share by August 3rd. Is this really the valuable market that many people obviously believe it to be? It’s certainly crowded, with a range of products at all price points. Margaret Ranken discusses more on this in her article.
Wearable market to see most growth in North America
Summary: The global wearable technology market was worth US$749-million in 2012, according to Hexa Research, and is expected to grow in coming years at the CAGR of 40.7% from 2012 to 2018. Working with synchronization of human actions, wearable technology is growing rapidly due to increase in market of various applications such as advertising, cycling, running, surgery, remote patient monitoring, sports brain and project planning. In 2018, the wearable technology is expected to reach around US$5-billion globally. More details in this article from Stephen Law.
The Latest Campus Fashion: Wearable Technology
Summary: As wearables hit the mainstream, campuses discover more than one way to tap the devices’ potential. Tarleton State is one of many higher education institutions that are taking advantage of wearable technology as a way to give students and employees better — and more healthful — experiences both in and out of the classroom. Read more in this article from Karen J. Bannan.
Why data protection will be key to wearable tech success
Summary: The next generation of health-focused wearables could revolutionise the way people live, but only if consumers can be certain that their data remains confidential. The author from AFP Relaxnews shares the industry facts and concerns around data protection.
Wellness programs will spur wearables adoption in workplace
Summary: A new Tractica report projects more than 75 million wearable devices will be deployed in enterprise and industrial environments between 2014 and 2020, with smartwatches leading the way. Judy Mottl gives more details on this report in her article.
Posted on August 24, 2015 03:25 AMComments:
The Times They Are a Changin’ said Bob Dylan on his 1964 album and there is no better example of that than in healthcare today. The tectonic plates are shifting and everyone is a little unsteady as they seek to find solid ground. Consumer, employers, physicians, hospitals, and health plans are all trying to find that magic synergy to bring the universe into order. But at the epicenter of all of this change is the most fundamental force of all….the role of the consumer.
Posted on August 19, 2015 04:42 PMComments:
I have republished portions of an article that ran last week in the Alaska Journal of Commerce talking about a modest rate rise from Premera in Alaska compared to the rest of the market. Much of that progress they attributed to their innovative programs around well-being embedded inside of their small group product. Specifically they talk about the EveryMove program that provides a value based incentive to both the employee and the employer. It is a powerful product because the incentive is designed within the plan itself so the member has immediate access without needing to have a "wellness" program rolled out to all employees. We believe Premera is pioneering a future where insurance products embed programs designed to encourage individuals to access high value services that will reduce costs for all parties. It seems to be working and we're excited to be a part of it.
Premera files for 4.4% increase in small group plans
Posted on August 10, 2015 03:00 PMComments:
Posted on August 9, 2015 05:10 PMComments:
Awesome blog posts
- How the Affordable Care Act Unlocked the Entrepreneur in Healthcare
- Wearable Tech and Healthcare Week in Review -- Week of 9/14/15
- Wearable Tech and Healthcare Week in Review -- Week of 9/7/15
- Wearable Tech and Healthcare Week in Review -- Week of 8/31/15
- Wearable Tech and Healthcare Week in Review -- Week of 8/24/15
- Wearable Tech and Healthcare Week in Review -- Week of 8/17/15
- The Times They Are a Changin’ and We Need to Rethink our Jargon
- Premera Blue Cross and EveryMove -- Creating a Win/Win/Win Through Embedded Wellness
- Wearable Tech and Healthcare Week in Review -- Week of 8/3/15