SPONSORED CONTENT
HEALTH CARE INNOVATION
IMPROVING THE PATIENT EXPERIENCE
While health care innovation accelerated over the last decade, the COVID-19 crisis presented unique opportunities for the U.S. health system to do it in real time. Telehealth, which providers adopted at an unprecedented rate, is just one example. Three health care leaders shared their insights with Crain’s Content Studio on the innovations that will change health care and medicine, helping physicians support patients and families everywhere.
How is your organization involved with health care innovation? Dr. Steven J. Lester: Mayo Clinic has a long history of innovation and there are more examples of health care innovation than I could begin to outline here. For example, I’m the founder and have the privilege to be the chief medical officer of the Mayo Clinic and ASU MedTech Accelerator, which helps empower medical startups to better navigate challenges while bringing forward life-changing innovations. I’m also honored to be the medical director for our complex care program, which helps employers provide access to high-quality, cost-effective care for individuals with complex medical conditions. These are just a few of the programs in an evolving portfolio of programs and activities designed to enhance the innovation ecosystem at Mayo Clinic. Rich Fahn: “Innovate or die” has become a reality for most businesses. As an insurance broker, NFP provides best-in-class vendors to support clients’ goals. Not only do we evaluate hundreds of companies bringing new technology to the market, but our strategic corporate venture
milder issues before clinical care is needed. To support patients, we’ve found that it’s increasingly important to offer short wait times to schedule visits—within seven minutes with trained primary care physicians and within one to seven days with mental health specialists, with same-day appointments available. Finally, we continue to partner with innovative health plans and large employers across the country to implement virtual-first plan designs and offer virtual primary care to support their members, wherever and whenever they need care. What’s the most exciting health trend or development you’re seeing? Fahn: The intersection of technology and data has revolutionized digital tools such as apps, telemedicine, artificial intelligence, robotics, transparency and visibility—allowing consumers to make better, more informed health decisions. They no longer have to access care in person; they have information at their fingertips and can take control of their health needs, enabling better outcomes. Historically, consumers found it difficult to find information on the cost and quality of care,
RICH FAHN
VP - Corporate Benefits NFP rich.fahn@nfp.com 224-374-1540
receive a definitive diagnosis in our individualized medicine practice. And in the world of oncology, 50% of our patients with advanced cancers found a sequencing-based druggable target—or simply stated, based on an understanding of a unique genetic code, we’re able to precisely define the best medication at the most appropriate dose for our patients.
STEVEN J. LESTER, MD
PRENTISS TAYLOR, MD, FACP
Consultant, Professor of Medicine Mayo Clinic mcccpi@mayo.edu 507-422-6102
VP - Medical Affairs Grand Rounds Health Doctor On Demand sales@doctorondemand.com
Taylor: The most exciting trend we’re seeing is an increased focus on diversity, equity and inclusion as it relates to health care. While this has always been a core part of our strategy, we’re seeing an increase in questions from employers and consultants about DEI initiatives. Currently 43% of our providers are people of color and 20% identify
as LGBTQ+. Being able to provide affirmative, culturally competent care for all of our patients is a priority. What innovations have you recently implemented? Taylor: We’ve made monumental strides in bringing integrated care to patients in the comfort of their
“ . . . BASED ON AN UNDERSTANDING OF A UNIQUE GENETIC CODE, WE’RE ABLE TO PRECISELY DEFINE THE BEST MEDICATION AT THE MOST APPROPRIATE DOSE FOR OUR PATIENTS.” — DR. STEVEN J. LESTER, MAYO CLINIC capital arm, NFP Ventures, invests in early-stage benefitech and insurtech companies. The fund’s investment strategy combines a disciplined approach related to the “future of risk” to keep ahead of market trends and provide thought leadership to our industry. We’re at the forefront of innovation because our clients demand it. Dr. Prentiss Taylor: At Grand Rounds Health and Doctor On Demand, we’ve fully integrated our mental health practice with our national medical practice. This means that providers can easily communicate between the practices, make internal referrals and drill down on improving “whole-person health.” We also added chat-based mental health coaching for addressing
putting individuals and businesses at a disadvantage and frequently resulting in higher costs and dangerous gaps in quality of care. Lester: Imagine a new dawn for medicine where cancer is commonly intercepted, treatment of diseases is more precise and less toxic, prescribing medication is safer and the burden of inherited genetic disease is reduced. While once only imagined, this new dawn of medicine is becoming a reality and part of the promise of individualized medicine. Our ability to decode the DNA that constitutes the human genome is accelerating our understanding of the causation of disease and helping to tailor patient-specific treatment plans. For example, approximately 30% of patients on a diagnostic odyssey can
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