Healthcare executives representing all industry sectors gathered on February 16th at the Coral Gables campus for the 2024 Healthcare Business Conference, sponsored by the University of Miami Patty College and Alan Herbert School of Business, to discuss “tectonic shifts.'' ” shared their insights. ” phenomenon is occurring within the industry.
Keynote speaker Dr. Rubin Pillay highlighted the proliferation of home digital diagnostic tools that enable patients to take care of themselves. In another panel, industry leaders predicted the impact of the upcoming presidential election on the health care economy and the potential for new medicines, and discussed the promise and risks of AI for workers, privacy concerns, and security.
“Achieving perfect healthcare, delivered in an environmentally sustainable manner, at zero cost, without harm, and available to all,” Pillay said in his Journey to Zero presentation. The policy was set out as follows.
Pillay, executive director of the university's Marnix E. Hersink Institute for Biomedical Innovation, said: “Smaller, better, cheaper and faster is what drives our initiative to move from sick care to health care. “These are principles that will help with the transition to care.” Birmingham, Alabama. “Challenging the status quo in health care delivery will require some degree of unreasonable and irrational thinking.”
The opening session featured University President Julio Frenk, a public health expert. Ronnie Abovitz, President and CEO of SynthBee, Inc. Dr. Latha Chandran, director of education and founding chair of the Department of Medical Education at the Miller School of Medicine, explored the impact of AI on industry and medical education.
“Perhaps paradoxically, I.T. [information technology] AI in general and in particular has the potential to usher in a new era of humanism in medicine,” said Frenk, a former Mexican health secretary. Frenk referred to the “dehumanizing effects” of the first technological revolution, which introduced machines and then increasingly electronic screens into the middle of the doctor, nurse-patient relationship.
“This second revolution in medicine could indeed usher in a new era of humanism, as we find complementarity in technology that can uniquely introduce the human element,” Frank said. Ta.
Chandran echoed this possibility, suggesting that industry and medical education are poised for a “tectonic shift.”
“Technology has evolved to the point where we have a space where we don't have to worry about documenting things when we're with patients, because there are companies that can do it well. This gives us the space to actually carry out the healing process better and communicate in a more human way.'' Chandran also expressed concern about the impact of AI on the industry's workforce. Did.
Professor Abovitz teaches medical students how to develop emotional intelligence and “Fighter Pilot Life Skills” to help them function as conductors or coordinators of multiple complex technologies that work in conjunction with AI systems, robots, image processing, etc. ” was encouraged.
He similarly highlighted the potential of AI to eliminate disparities and normalize and democratize access to the highest quality care.
“Not everyone can afford to see the best doctors or have private doctors treat them. That's not fair,” Abovitz said. “What AI does is say, ‘That doesn’t matter anymore.’ You need decent people with some level of emotional intelligence, but even some of the backend and frontend of the technology are not top-notch. They'll give you a better answer than a private doctor.'' The cost of calculating what private doctors do will drop significantly and access to world-class medical care will become much more possible. ”
In the second panel, a number of industry experts considered the opportunities and challenges of AI, while highlighting the technology's ability to reduce administrative stress and better manage complex business applications.
“Several high-tech, well-funded organizations are coming in to help navigate the complexity of some of the business processes and decisions that operate at the intersection of regulatory policy and environment and management that we have to make. ,” said Dr. Halee Fischer-Wright, president and CEO of the Medical Group Management Association.
“We are in the midst of a revolution in healthcare,” she added. “My colleagues mentioned several possible clinical applications, but the short answer is that the highest and best potential for AI is to bring joy back to the practice of medicine and to actually bring back interest in medicine. I think it’s something I can do.”
Panelists considered the impact of elections later this year on the industry. Dr. Yolanda Lawson, president of the American Medical Association, which supports Black patients and health care industry professionals, speaks out to help policy makers make informed decisions on health care issues and from an “equity” perspective. He said his priority is to make it possible. And just 'system.
“Health equity is under attack, and it's attacked at every level, from medical education to accrediting boards and even the scholarship level,” Lawson said.
The final panel of the day further discussed the theme of how AI and other innovations are transforming the healthcare industry from an entrepreneurial perspective.
Sal Lo, co-founder and CEO of Jorie AI Advanced Automation, emphasized the importance of being willing to fail as part of a “transition to change” approach.
“The failure of AI to wait for data is never complete. We are at a crisis point where the way we deliver care today makes it even more likely that people will die.
“[As innovators] We have to take some risk ourselves. We fail many times, but without failure there is no success,” Lo said. “You have to start now. Do your best to meet all compliances, but don't let it become a roadblock.”
Professor Stephen Ullman, Director, Center for Health Care Policy, School of Business, and the conference's principal organizers would like to extend a special thank you to our sponsor, Florida Blue, for convening so many cross-industry experts and 500 in-person attendees this year, our 13th annual He emphasized the importance of conferences where insights were shared. And thousands more watched the livestream.
James Lindgren, executive director of revenue cycle optimization at the University of Miami Health System, urged students entering the medical profession to adopt a lifelong learning approach.
“It's a long undertaking. Everything you learn is new and changing, and you have to be willing as well as able to evolve with it,” Lindgren said. “So don't try to learn everything now. Rest assured that learning is forever.”
