Healthcare business leaders based in The Twin Cities – one of the country’s most innovative healthcare markets – share their thoughts on:
- Using Big Data
- Measuring Success
- Successful Innovation
How are you using data to help your business and at the patient level?
 | “We have treated well over a hundred patients
already with a bundled payment program for orthopedic care. Anything we do electively in orthopedics, we
can bundle. It’s about
reducing costs and providing a better patient experience and we’re doing it
right now and we’re looking to expand it.” Troy Simonson, CEO, Twin Cities Orthopedics |
“We provide clinical decision support to clinicians so that we can really drive appropriate transfusion practices. In our early work, we were able to reduce transfusion in one cardiac surgery program by 50 percent. We reduced complications such as acute kidney injury and we saved the institution 30 million dollars." Mark Ereth, Transfuse Solutions |  |
How do you measure success?
 | “The way to measure success, in my opinion, is to go back to that measurable, scalable, profitable model. You have to be able to measure where you’re going with a program, it has to be scalable so that you can move it from one entity onto the entire organization and in a way that you can measure your profitability from it.” Robert Narveson, President and CEO, Thrifty White Drugstores |
“Collaborating with other providers—with orthopedics and pharmacy and technology—in the home in order to make the best product for the patients and ultimately be able to refer back and forth to each other to help create health.” Amy Nelson, Founder and CEO, Accurate Home Care |  |
 | “I want people to have more time to do stuff that they weren’t doing before – it’s an integral part to disruptive innovation.” Thompson Aderinkomi, Founder and CEO of RetraceHealth |
What’s the greatest catalyst to enabling successful innovation?
 | “Moving beyond such a provider-centered model so we really go to where a person is in their community, in their home. It’s amazing to start to think about the transformation that’s possible when we’re not stuck in that kind of model. There’s a huge opportunity to innovate around the core and take the steps to start reaching out in more of an ecosystem kind of model.” Barbara Spurrier, Director of the Center for Innovation, Mayo Clinic |
“There are organizations that have been able to both increase quality in the patient experience and lower cost. Normally, we would consider those things as opposites or tradeoffs but, in some cases, they’re completely orthogonal. There is so much room for improvement if you’re able to un-tether these outcomes.” Chatham Sullivan, Partner, Innosight |  |
| “A lot of the innovation that I think is happening is to take legitimate waste and unnecessary utilization out of the system which is good. The payment systems haven’t quite followed along to reward that type of good behavior but CMS is trying to do that. Some of the private sectors ACOs are trying to do that too. To get them to move faster I think is really one of the big challenges that we have.” Thompson Aderinkomi, Founder and CEO of RetraceHealth |