Industry Roundtable: Lessons Learned from Active Year in Clinical Informatics Will Fuel Transformation
NEW YORK, Oct. 2, 2018 /PRNewswire/ -- Chasm Partners, a leading executive search firm in the healthcare technology and services space, recently convened a roundtable discussion to assess how the transformation of "big data" in clinical informatics provides the healthcare industry with an opportunity to gain new insights into patient care, as well as key lessons learned about artificial intelligence's impact on the industry.
The roundtable, which was hosted as part of the firm's quarterly newsletter, ChasmPOV, featured viewpoints from three recognized thought leaders in the field of healthcare data and analytics:
-- Colin Hill, is the founder and CEO of GNS Healthcare, which solves
healthcare's matching problem by transforming massive and diverse data
streams to precisely match therapeutics, procedures, and care management
interventions to individuals. Hill is a leading voice in healthcare
technology and precision medicine and brings impressive leadership
experience in commercializing machine learning technologies in the
biopharmaceutical and managed care industries.
-- Miki Kapoor, is the CEO of Verana Health, a data and technology company
building a cutting-edge platform for life science innovation that
utilizes regulatory-grade specialty data sets. Kapoor has deep expertise
in scaling health data and software-as-a-service businesses through
building high-performing management teams, knowing the realities of
healthcare intimately with over 20 years of healthcare experience.
-- Ken Tarkoff, is the CEO of Syapse, which enables healthcare providers to
deliver the best care to every cancer patient through precision
medicine. Tarkoff is a health technology veteran with deep experience in
facilitating physician, health system and health plan relationships, and
enjoys working with health systems to implement precision medicine
programs and improve cancer care.
"From our extensive and frequent conversations with thought leaders at the forefront of clinical healthcare data informatics, it has become apparent that this is an exciting time for the field," said Matt Dumas, Managing Partner at Chasm Partners. "As innovations like artificial intelligence and precision medicine continue to gain traction in healthcare, we expect to see enhanced collaboration among key industry players in the race to help life sciences, payers and providers achieve clinical transformation through data and analytics."
Key takeaways and highlights from the roundtable discussion include:
-- Integrating different types of data from disparate sources is key to
realizing powerful insights that health organizations can leverage to
personalize care."It's our view that there are many organizations that
are still mining a very narrow set of data," said Hill. "But patients
exist in the real world and are impacted by so many factors beyond
biology. I think that as this understanding progresses, we'll see more
incorporation of data sources outside the traditional health sources,
such as socio-economic, geographic, mobile, behavioral and real-time
data. And the more data we can transform into insights the better we can
personalize care."
-- Early investments in artificial intelligence have yielded valuable
lessons about the advantages and potential pitfalls that this promising
technology holds for healthcare. "A key lesson we have learned from
large-scale AI projects such as Watson Health is the difficulty in
implementing analytics on free-form clinical text in a fully automated
fashion," said Kapoor. "We have also learned how difficult it is to
generalize the application of artificial intelligence in a way that is
meaningful across different contexts. To this end, we have built a team
of data scientists with deep domain expertise in ophthalmology to train
these AI models with our massive data sets. AI models rely on the deep
learning that comes from providing a massive amount of data to each new
situation. Ultimately, we know AI and machine learning are only as
powerful as the human intelligence that fuels it, and we invest heavily
in having the right people in place to ensure our AI models are
extracting the most valuable insights possible for our stakeholders.
-- Despite major progress, interoperability issues continue to hinder
healthcare organizations from sharing data, necessitating the
establishment of common standards for healthcare data exchange. "We see
improving interoperability and data sharing as a primary challenge in
cancer care that we need to address - it is still common practice for
test results to be faxed or downloaded in such disparate formats that
oncologists have a hard time using all the data we could tap into," said
Tarkoff. "Oncologists consistently mention to me the burden of accessing
molecular test data combined with clinical data that could help patients
get the treatment they need. We are making progress, but it is time for
oncologists to have a standardized, portable way to access test data and
make the most informed treatment decisions."
To learn more and read the full ChasmPOV roundtable, please visit the Chasm Partners website.
About Chasm Partners
Chasm Partners is a retained search firm focused on placing top talent in high-growth venture backed companies. We specialize in helping organizations scale in highly disruptive sectors facing transformation including Healthcare Technology & Services, Big Data & Analytics and Enterprise Software. In addition to retained search, Chasm invests in many of its clients and provides additional services to help them scale and grow including recruitment process outsourcing (RPO) and organizational development. For more information, visit www.chasmpartners.com.
Media Contact: Lisa Chernikoff, Amendola Communications for Chasm Partners, 734-678-5513, lchernikoff@acmarketingpr.com
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SOURCE Chasm Partners
