innovation @ providence: digital, consumer and venture 1 1/8/15
TRANSCRIPT
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Innovation @ Providence: Digital, Consumer and Venture
1/8/15
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Three Innovation Teams Working Together
Digital Innovation
Providence Ventures
Consumer Innovation
• Launch New Consumer Businesses• Negotiate Digital Alliances• Team-Amazon, Microsoft
• Invest $150M Over 5 Years in Healthcare IT, Consumer Health and Medtech
• Work with Start-Ups/VC’s• Build Innovation Community• Team- Ascension Ventures, Humana, PHP, and WBBA
• Software Development Team• Digital Integration Platform• Consistent User Experience• Team-Amazon, Starbucks
Health Care Barriers Create Long Sales Cycles and Limit Adoption
• Regulatory
• EMR Integration
• Consumer Adoption
• Physician Adoption
• Business Model
Valuable Early-Stage
Innovations
Broad Market Adoption
We Pilot, Co-Develop and Invest to De-Risk and Drive Market Adoption
Valuable Early-Stage
Innovations
Broad Market Adoption
Pilot
Co-Develop
Invest
Integrate
Drive Market Adoption
Validate
PHS Innovations
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Three Innovation Teams Working Together
Digital Innovation
Providence Ventures
Consumer Innovation
• Launch New Consumer Businesses• Negotiate Digital Alliances• Team-Amazon, Microsoft
• Invest $150M Over 5 Years in Healthcare IT, Consumer Health and Medtech
• Work with Start-Ups/VC’s• Build Innovation Community• Team- Ascension Ventures, Humana, PHP, and WBBA
• Software Development Team• Digital Integration Platform• Consistent User Experience• Team-Amazon, Starbucks
Digital Enablement of Care Access
No Touch High TouchDigital
Telehealth
Phone Triage
Retail
Urgent Care
Primary Care
Episodic
Annual/prevention
Chronic
Specialty Care
Inpatient
Post-Acute
Home Visits
Provide a Consistent, Compelling Digital Experience for Patients Accessing Care Online and in the Clinic
Digital Services Hypotheses• Provider
Search• Scheduling• EHR• Self-Triage• E-visits
• Low Acuity- Urgent Care
• Telederm• Telepsych• Buy w Ins.
• At home Visits
• Telehealth Assisted Dr Visits
Asynchronous Synchronous
Patient in a Facility
• Digital Onboarding• Self-Rooming• Online Procedure
Purchase
Patient at Home
• Telehealth Kiosk
• EMR integration
Patient at Home
• Provider Search
• Scheduling
• Online Procedure Purchase
• Care Coordination
• Patient Co-Decision Making
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Online Primary Care: Boeing ACO – A New Approach
Website
REST Service API’s
Vendor Vendor PH&S
PH&S Dev Team- Allows Rapid Cx Iteration
Deployment of Third-Party Apps and PH&S Apps
Support Small Batch Innovation
Ability to deploy multiple websites- ACO, Prov.org, Swedish.org, etc.
Shipped 7/14
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Three Innovation Teams Working Together
Digital Innovation
Providence Ventures
Consumer Innovation
• Launch New Consumer Businesses• Negotiate Digital Alliances• Team-Amazon, Microsoft
• Invest $150M Over 5 Years in Healthcare IT, Consumer Health and Medtech
• Work with Start-Ups/VC’s• Build Innovation Community• Team- Ascension Ventures, Humana, PHP, and WBBA
• Software Development Team• Digital Integration Platform• Consistent User Experience• Team-Amazon, Starbucks
Consumer Health and Wellness: Three Large Areas of Opportunity
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Women and Children
Behavior• Movement• Nutrition• Mental Resilience
Females in household control ~80% of healthcare spend
Cost of Diabetes in US is $245B
Provide safe AIP• Adherence• Monitoring• Services
Demographic Shift
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Consumer Health & Wellness: Example
• Venture Investment 2/14• Intersects both Women/Children and Behavior
(Movement) Segments• Kid-proof wearable: tech solution for getting kids active• Increase activity = lower BMI = lower diabetes risk• Initial Pilot: Snohomish County 5th and 6th Graders
• 13% Improvement in activity• New Hardware Launching in Sept will have social play
features