Ep 129 – Navigating True North: The Value Journey Guided by the Realities of the Digital Age, with Aneesh Chopra

11/10/2022 1h 13min
Ep 129 – Navigating True North: The Value Journey Guided by the Realities of the Digital Age, with Aneesh Chopra

Listen "Ep 129 – Navigating True North: The Value Journey Guided by the Realities of the Digital Age, with Aneesh Chopra"

Episode Synopsis

In the uncertainty of today’s healthcare industry, we must continue to persevere towards our true north.  The moral imperative to improve the quality of care for patients through better care coordination, including those are underserved, can only be achieved by the realities of the digital age. This transformation will require the medical profession to create a modernized Hippocratic Oath that extends to the broader health ecosystem. The proliferation of interoperable technology and digital health tools has the potential to catalyze value-based care delivery innovation and transparency. However, it must come along with an ethical commitment to guide data sharing, integration, and technical processes. True North will ultimately prevail in connecting value-based networks to those most in need; however, it will take continued progress in amplifying the demand signal for value-based care.
On the Race to Value this week, you will hear from one of the top healthcare revolutionaries in our country.  We are honored to bring you, the one and only,Aneesh Chopra - the first chief technology officer of the United States who was appointed by President Obama and the Co-Founder and President of CareJourney. In this episode, you will be party to a powerful conversation on the promise of the digital age in healthcare.  You will learn about how health policy and innovation is ushering in a new era of data flow and interoperability, consumer-driven innovation, price transparency, and clinically-relevant analytics for the future of value-based care delivery transformation. Aneesh Chopra also explains why he feels so strongly why ACO REACH will help us reach True North.
Episode Bookmarks:
01:30 Introduction to Aneesh Chopra -  - the first Chief Technology Officer of the United States and Co-Founder and President of CareJourney
04:00 The need for the medical profession to galvanize around the immense opportunity to transform care delivery by embracing the realities of digital age.
06:30 Why do we need a digital Hippocratic Oath to transform medicine?
08:00 The gap between patients being seen on a given day and the 98% of the patient panel that are not.
08:30 Designing database queries and algorithms to Identify patients in need of care.
09:30 Creating a compact between analytics communities and physicians to ensure patients are getting appropriate care.
10:45 The self-imposed barriers to technical and semantic interoperability that come from our current FFS model.
12:00 How the HITECH Act manifested in technology gaps, despite widespread EHR penetration.
14:00 “The delay in the demand signal for value-based care resulted in the de-prioritization in the market for interoperability.”
15:30 The regulatory goals of the 21st Century Cures Act to scale interoperability and eliminate information blocking.
16:45 Cures Act regulatory emphasis on population health is now reaching the market.
17:00 FHIR Interoperability Standards will ultimately deliver on the promise of population health through widespread data exchange and API-led connectivity.
18:00 Ensuring value-based care organizations a “plug and play” approach to unify electronic health records.
19:00 The promise of widespread data exchange in value-based care delivery and how it parallels with the consumer banking industry.
20:30 Similarities between Dodd-Frank Act (banking sector) and the Cures Act (healthcare sector) in regard to consumer data protections.
22:30 JPMorgan cutting off access to Mint because screen-scraping was far less secure than API connectivity.
25:00 If value-based care became the dominant delivery model, the industry wouldn’t need so much regulatory oversight.
26:00 The Cures Act is beginning to reverse FFS-driven market failures in order to create a much more rational economic model.
27:00 Referencing the opinion piece in STAT by Aneesh Chopra and Seema Verma about the new price transparency regulations in healthcare.

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