The Health Data program held on April 27th was the second program offered jointly between Colorado BioScience Association (CBSA) and Prime Health. It brought together a unique mix of individuals from the life sciences, the healthcare industry, and more to contemplate the transformation of healthcare through data.
“The Colorado Bioscience Association is pleased to be aligned with Prime Health on driving strategy on the transformation of healthcare through data and data analytics,” said April Giles, the President of CBSA. “Our joint partnership to launch an annual health data forum proved to be highly successful. By bringing together thought leadership on critical data considerations and highlighting Colorado’s expertise and aligned leadership, we can create a national model.”
Rather than taking the traditional “sit and listen” approach, roundtable discussions were led by key opinion leaders and featured a free exchange of ideas with the audience. The discussions took on complex topics such as the definition of value-based care and the role that data plays in this, as well as the identification of problems in Colorado that the deployment of data can help solve. Other issues addressed at the summit included where to find data sets, how to merge, combine or make sense of disparate data, and the analytic data elements that healthcare needs to improve costs and care.
Reed Smith, Senior Vice President of CoBiz Insurance, outlined a number of the challenges in the “Healthcare Revolution” during his keynote speech. He made the point that we need to think of healthcare as a revolution, where the population is rising up in revolt against current practice, instead of an evolution, where there is a gradual development of something from a simple to a more complex form. His conclusion? Changing the business practice of healthcare from earning per share (EPS) to one of net promoter score (NPS) should be the focus to ultimately drive towards the triple aim of better outcomes, lower costs and patient satisfaction.
Overall, the day was positive for bringing people together. Those who had been asking questions in isolation found a forum for asking the same questions in a community setting. While not actionable, it was ground-breaking as the start of a continuing Colorado dialogue on the challenges and opportunities of leveraging health data as the prime strategy for improving our system.