Adoption and investment in health IT will help facilitate the quality and cost goals of the new health reform law, according to the Psilos Group's second "Annual Outlook" report on health care economics and innovation, Healthcare IT News reports.
The health care venture capital group's report, released Tuesday, noted that the new law provides health care entrepreneurs and investors with the rare opportunity to contribute to the system with innovation.
Albert Waxman, senior managing member and CEO of Psilos, said, "If done well, new medical technologies and disruptive models of delivering health care services can be the foundation for new businesses based on 21st century information technology."
The report identified specific areas for high return on investment innovations, such as:
- Establishing an efficient system to prevent and manage chronic illness;
- Creating applications to reduce errors in inpatient, ambulatory and post-acute care;
- Developing new technologies and management plans to address the diabetes epidemic;
- Identifying new technologies to facilitate more timely and accurate diagnoses;
- Creating medical devices to facilitate less invasive and more effective surgical interventions; and
- Expanding the adoption and investment activity in health IT that incentivizes the commitments and efforts of entrepreneurs (Monegain, Healthcare IT News, 5/13).