The Ecosystem Event for the Entire Healthcare Industry
If you are heading to Las Vegas and HLTH, keep your eye out for these folks. It’s all about networking. And check out our radio friends that are going on Healthcare NOW Radio.
The growing mental health crisis – especially among young people – will be widely discussed at HLTH. Not only is this a hugely important healthcare and public health topic, but attendees at HLTH will undoubtedly understand how digital health and virtual care methods are essential to helping us solve this problem. Virtual care enables faster and wider access to care. It allows us to personalize care pathways based on an individual’s unique needs and background, which are major engagement builders in mental and behavioral healthcare.
I’m looking forward to talking to other industry leaders about these next-generation solutions that can slow or even reverse this ongoing crisis.
AI buzz will continue, but the focus will shift to tangible applications. There is so much potential to transform the healthcare industry using AI to tap clinical data at scale. Payers can optimize core processes when clinical data is leveraged. Providers can care for patients better when access to relevant clinical data is available at the point of care. Pharmaceutical companies can accelerate the discovery, trial and delivery of life saving treatments when a wide range of relevant clinical data is available. Clinical-grade AI will further accelerate progress across the industry.
We are attending HLTH to immerse ourselves in its atmosphere of innovation and growth, exchanging ideas with our colleagues in the industry as we all seek to make healthcare better for patients.
I hope to see several notable trends at the intersection of AI technology and healthcare at HLTH. First, I expect to see more organizations talking about predictive analytics and disease prevention. AI algorithms analyze patient data and predict disease risks, allowing healthcare providers to intervene and offer preventative measures. This critical approach can lead to early intervention and improved patient outcomes.
Second, I expect to hear more about Natural Language Processing (NLP), although most will abbreviate or uplevel and say AI. NLP technology is being applied to extract valuable information from medical records, research papers, and clinical notes. This promises to improve clinical decision-making and support research efforts. In line with AI trends, I expect a great deal of discussion around Ethical and Regulatory Considerations. As AI technology becomes more integrated in healthcare, issues related to bias, accountability, and patient consent must be addressed in the industry. And finally, I expect to hear more about AI Education for Healthcare Professionals. Training healthcare professionals in AI concepts and tools is essential to ensure they can effectively integrate AI into their practices. HLTH is a dynamic platform for engaging with fellow leaders, stakeholders, and professionals actively driving healthcare transformation. I enjoy networking and sharing the latest innovations from Reveleer.
At HLTH, I can cultivate meaningful partnerships, foster collaboration, and unlock new avenues for business growth. This year, I have committed to spending more time absorbing content from industry leaders. HLTH consistently delivers as an invaluable nexus where I can glean meaningful insights into the prevailing trends, pioneering innovations, and intricate challenges shaping the healthcare landscape. Keeping abreast of these industry developments helps inform strategic decisions at our company. As the leading healthcare innovation conference, I look forward to HLTH to gain insights, build relationships, stay informed, and position our company for growth in this dynamic healthcare sector. The question is, Why would you not go to HLTH?
I expect to see lots of discussion on Generative AI and all things LLM (large language models). I anticipate some discussion around weight loss drugs (GLP-1s) and the tech-enabled service platforms that will support them…and the payors’ strategies about how to cover them. Medicaid should receive more attention, particularly for pediatric diseases and insurance that includes behavioral health.
I love catching up with all the founders and investors that I don’t get to see regularly. It’s a great venue for everyone to compare notes and get updates on how the year is progressing. I am devoting a lot of time exploring opportunities across pharmatech and am looking forward to catching up with our network of pharma executives on how they are planning to deploy tech resources in 2024 and 2025.
We expect to hear a lot about the increasing consumerization of healthcare fueled by the industry’s realization that it has to meet patients where they are in order to succeed. Both digital health companies and providers are looking for ways to accelerate that shift through the integration of existing tech infrastructure that will connect patients to a clinical workforce. The big challenge is how to do that efficiently and address not only the patchwork of telehealth licensure requirements across the country, but the demand for a 50-state clinician network to power digital health.
Over the years we’ve found HLTH to be the best conference for networking among like-minded digital health innovators. We always come away with, not only new connections, but a renewed vigor for transforming healthcare.
Patients’ opinions about their healthcare decisions are stronger than ever along with an increased pressure on healthcare providers to create consumer-like experiences to attract and retain patients. AI and machine learning are enabling providers to generate innovative solutions to the current challenges in patient experience and quality improvement. By listening to patients at scale, health system leaders can use the “wisdom of the crowd” and harness their collective knowledge to gain deep quantitative and qualitative insights into how patients experience their care. We expect there to be much discussion at HLTH about the use of technology to uncover these insights across the patient journey and understand the key drivers to benchmark performance so hospitals and health systems can take proper actions to improve the patient experience and deliver retail-like encounters that better engage patients in decision-making.
The rise of healthcare consumerism is giving patients more control over how and from whom they receive care, and healthcare leaders are finding that they must adjust to patient demands to ensure patient retention and new patient acquisition. Every stakeholder – from physicians to health systems to EHR providers – is enacting strategies to shift our historically physician-centric healthcare system to one that is built around the patient. The time has come for the healthcare industry to look at patient experience with more urgency, and I’m interested in hearing what HLTH attendees have to say about the many drivers converging in healthcare that are making patient engagement a crucial factor in determining providers’ long-term success.
Healthcare leaders need to embrace technology like never before to find solutions that allow their staff to work smarter. Facing unprecedented financial pressure following the pandemic and staff burnout, many are considering a “do nothing” approach while waiting for a brighter day. Taking a data-driven approach to identify challenges in the revenue cycle and then embracing technology to solve those problems is now a necessity that providers should consider as part of their broader mission to deliver exceptional patient care. I expect there will be many discussions at HLTH about the industry’s movement toward AI, automation, and actionable advanced analytics to support more efficient revenue cycle operations that enable tomorrow’s success.
Every health system in the country is trying to figure out how they can better meet the needs of their community in a financial sustainable and healthy way, and behavioral healthcare is at the center of that. Challenges are everywhere – the inherent supply and demand imbalance, the struggle to drive top-of-license care, sub-optimal reimbursement, and the lack of clarity around telehealth and DEA regulations to name a few. We look forward to conversations at HLTH that help health systems navigate these challenges to build a clinically and financially behavioral health strategy across the continuum of care that meets the needs of all the health systems’ critical stakeholders.
Generative AI promises to be a hot topic at HLTH 2023. But equally prevalent will be data analytics, data access and transparency, especially as they relate to helping improve patient outcomes and addressing vulnerable populations. In our work with federal and state drug discount programs, this means that all stakeholders – drug manufacturers, safety-net providers, and state Medicaid agencies – have access to the same data and are working from the same playbook to reduce waste from misapplied discounts and to ensure that the benefits of these programs go to the patients who need them most. We’re looking forward to accessing varying perspectives on these themes all in one venue, and that’s why we’re attending HLTH 2023.
As an industry, we are beginning to understand that in order to achieve health equity, healthcare companies need to work alongside other industries. I anticipate HLTH 2023 will include innovative discussions on how technology and partnerships can address inequities in our health system by deep diving into topics centered on achieving equitable access to resources, lowering cost of care, and increasing health literacy across the globe.
Pamela Stahl, President, Avalon Healthcare Solutions
Value-driven healthcare is a perennial topic of discussion, and we expect it will continue to be an essential topic at HLTH 2023. Analyzing existing data on lab testing, for example, can help us better understand what specific tests are helpful and timely for improving patient care. This will be particularly important with the growth of genetic testing and all the insights we can potentially unlock from that data to inform more personalized care. Ultimately, this will help advance progress toward the Quadruple Aim of enhancing patient care, reducing costs, improving population health, and improving the well-being of clinicians.
The HLTH conference is a valuable opportunity for us to interact with other healthcare innovators, and we look forward to all the conversations and connections to be made at HLTH 2023.
The focus on AI-driven solutions, innovative software and next-generation solutions for healthcare will be on full display. This is an opportunity to collaborate, learn and share to advance technology solutions for healthcare.
Drug therapy price transparency for consumers will be a very popular topic at HLTH given the steady growth of out-of-pocket spending on drugs in recent years. To this day, insured consumers must often search aimlessly on their health insurer’s website to determine how much they will pay out-of-pocket for their prescriptions when retail prices for drugs are easily found on dozens of websites. Alternative ePrescribing network solutions are finally emerging that enable consumers to search for their cost information across multiple pharmacies as easily as they search for airline flights or hotel rooms. ePrescribing finally has options in a market that for more than a decade had no other options. When healthcare technology focuses its innovation efforts on the patient in this way, we can never go wrong.