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Cleveland Clinic Medical Innovation Summit – Finding Healthcare IT Disruptors

October 27th, 2014
Cleveland Clinic Innovation Summit 2014 General Session

Cleveland Clinic Innovation Summit 2014 General Session

2014 Theme: 

Cancer Treatment and Personalized Medicine

According to Cleveland Clinic, the Health IT Sector Raised $2.2 billion in venture capital funding in 2013.   Cleveland Clinic is looking for the next big thing.  The conference is focused on: Disruptive Technology, Efficiency Technology and Ecosystem Technology.

Over 1,500 clinicians, managed care company executives, pharmaceutical company and start-up entrepreneurs, and investors are here in Cleveland starting today for  Cleveland Clinic’s 12th Annual Medical Innovation Summit.

The New Ventures Healthcare Challenge kicked off with Inder Singh, Founder & CEO of Kinsa and winner of the 2013 Cleveland Clinic 2013 Challenge, along with Gary Fingerhut, Director of Innovation at Cleveland Clinic introduced the 2014 Cleveland Clinic Medical Innovation Summit Challenge.    The Challenge include company presentations from MedAware, Ocuvera, Biop medical, and Admetsys Corporation.

Challenge Panelists Include:

Confirmed speakers include:In the Innovation Base Camp, first up was a presentation of the vision for a world with instantaneous communication and sensing.

  • Jack Andraka, Inventor, Scientist, Cancer Researcher
  • Jeff Arnold, Chairman & CEO, Sharecare
  • Marsha Barwick, Director of Applied Sciences, Marshfield Clinic
  • Peter Buca, VP, Technology & Innovation, Parker Hannifin
  • Todd Clyde, EVP, Global Field Operations, Mindjet
  • Breanna DiGiammarino, Head of Cause, Indiegogo
  • Gary Fingerhut, Executive Director, Cleveland Clinic Innovations
  • Thomas Graham, MD, Chief Innovation Officer, Justice Family Chair in Medical Innovations; Vice Chair, Department of Orthopaedic Surgery, Cleveland Clinic
  • John Nottingham, Co-President, Nottingham Spirk
  • Denys Resnick, EVP, Strategic Programs, NineSigma, Inc.
  • Mark Smith, MD, Director, MedStar Institute for Innovation
  • Larry Stofko, EVP, The Innovation Institute
  • Risto Pribisich, Partner, Innovations, Information Technology and Intellectual Property (3iP), Benesch, Friedlander, Coplan & Aronoff LLP
  • Robert Smith, Economic Development Reporter, The Plain Dealer
  • Halle Tecco, Founder, Rock Health
  • Kevin Vigilante, MD, SVP, Booz Allen Hamilton
  • Nicholas J. Webb, CEO, Lassen Innovation
  • Samuel Wertheimer, Managing Director, Poliwogg
  • Richard Wesorick, Partner, Tarolli, Sundheim, Covell & Tummino LLP
  • Derek Young, Founder & CEO, i360medical Ltd

According to Cleveland Clinic, the Health IT Sector Raised $2.2 billion in venture capital funding in 2013.   Cleveland Clinic is looking for the next big thing.  The conference is focused on: Disruptive Technology, Efficiency Technology and Ecosystem Technology.

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ICD-10 Consulting Shift to Testing and Revenue Impacts

October 17th, 2014

ICD-10 consulting will shift in the next year from IT centric to testing and revenue impacts.   Many ICD-10 ready IT systems, providers and payers won’t know if they really have an end to end solution until they test it using ICD-10 claims that are based on documentation that is coded in ICD-10.

ICD-10 revenue cycle management impacts for providers and ICD-10 based coverage determinations for health plans are only hypothetical until they are tested.

ICD-10 consulting efforts, in our experience are subject to the regulatory delays and human nature being what it is, there was a lull in activity after the delay.  Now that we are within a year of the October 1, 2015 mandate, we expect to see more ICD-10 consulting work that is focused on ensuring end-to-end electronic claims processing actually works.  The financial impact of ICD-10 is still under-estimated.

ICD-10 analytics in an ICD-10 risk assessment will be helpful to examine assumptions made in ICD-10 cross walks.  ICD-10 data integrity will also be important to review.  The ICD-10 implementation plan should include a review of ICD-10 CM diagnosis codes, which will be important for all care providers whether acute care or outpatient care.  ICD-10 PCS procedure codes will be important for inpatient care.  Testing of these assumptions is the only way to assure business continuity under ICD-10.

Below is an article I wrote on ICD-10 financial impacts

http://www.govhealthit.com/news/could-icd-10-have-big-financial-impact-mortgage-crisis

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