No matter how many health technology events I attend or healthtech entrepreneurs/experts I speak with, one thing that has always jumped out to me is just how big of a change the coming healthcare reforms/mandates feel to the hospitals, practices, payers, and technology vendors who are being charged with enacting the proposed changes.
The chart below gives some indication of some of the major changes that hospitals are both in the midst of implementing as well as in the near future that they are (hopefully) planning for (HT: Dr. John D. Halamka, CIO at Beth Israel Deaconess Medical Center). As is probably painfully clear from the alphabet soup of acronyms, the dizzying array of colors, and wonky terms like “Accountable Care Organization”, there is a LOT of complexity here (“Meaningful Use” alone means hundreds of things, divided across multiple stages).
Each box means new technology systems, new ways of doing things, new ways of paying for things, new ways of being paid, new rules, new exceptions … its that complexity and the fact that all of this is intended to shake up “business as usual” which makes the health technology space so interesting and makes it such a vibrant space for new startups. Healthcare reform is coming, people.