Caserta’s Data-Driven Healthcare Leaders Dinner gathered some of the brightest minds in the industry to discuss how artificial intelligence, big data, and data science are all being used to improve patient outcomes and reduce the costs of providing care.
Drawing on experiences both personal and professional, our three expert panelists shared captivating use cases of innovation in the healthcare industry, discussed the importance of embracing a data-driven strategy, and predicted the future of healthcare in a data-driven world.
The Importance of a Data-Driven Strategy for Providers
Each of our panelists emphasized the importance of access to high-quality data in the accurate delivery of healthcare. Embracing a data-driven strategy can eliminate misdiagnoses, save millions of lives and reduce healthcare expenditures.
“Having access to data and using it in a smart way can improve lives, prevent problems, and save money for the whole system.” – Dr. Nilay Shah, PreMinder, Inc.
Joe Caserta shared his expertise on the exponential growth of our ability to capture and understand data; the amalgamation of new technologies, including the cloud, enables faster speed to deployment of new ideas, especially in the healthcare industry. As a result, we are now able to easily measure and analyze data that were very challenging to measure 10 years ago.
“We are finally at a stage where we can put together data gathered by scientists in their own silos and tackle the main challenges that scare us,” noted Dr. Nilay Shah when discussing the importance of listening to data instead of relying on conventional wisdom in the world of medicine.
“As a leader in a healthcare organization, you have to see the potential of investing in the upfront cost to curate your data because you will get success if you can do that properly.” – Dr. Dana Rollison, Moffitt Cancer Center
Similarly, Dr. Dana Rollison underscored the value of healthcare leaders investing in their data now in order to see success in the future. “Patient outcomes are what matter at the end of the day,” she noted.
Improving Patient Outcomes
We are able to capture more information and learn more from data today than ever before, allowing healthcare providers to provide better care, ultimately improving patient outcomes and saving lives.
Dr. Rollison drew on a personal connection to cancer to show how the industry understanding of cancer treatment has increased exponentially over the past few decades: her organization, Moffitt Cancer Center, is using this newer, advanced understanding of how tumors evolve and how our bodies react to those tumors to exploit those pathways in new, targeted therapies.
More than 12 million people are misdiagnosed each year. By embracing AI and smart algorithms “we can clean up a lot of those misdiagnoses with the push of a button, saving millions of lives and dollars,” added Dr. Shah. In addition, using AI to look at larger, more complex datasets can allow doctors to come up with paradigms that may be generalizable across subpopulations which can, in turn, improve treatments.
“Time is crucial to saving lives. AI and Big Data can make a huge, positive difference in this regard.” – Joe Caserta, Caserta
Joe also noted the advancement of using AI to measure images, saving time and allowing patients to receive diagnoses and care faster.
The Future of Healthcare
Each panelist concurred that data is integral to the future of healthcare. Without embracing it, we are not allowing patients to receive the best possible care. As technologies become more advanced, the level of care we receive will become more proactive, targeted, and data-driven.
“Getting data out of the body will soon become much easier. What’s challenging today will become commonplace in the future,” predicted Joe when asked what he saw as the future of healthcare in a data-driven world. “With any luck, the treatment of cancer and other fatal diseases will stop being reactive and will be a bit more proactive by early detection of indicators.”
Similarly, Dr. Rollison expressed her hopes for a future in healthcare centered around early detection and targeted care: “We’ll see less in-person visits on the arbitrary schedule of 6-12 months and [healthcare] will be more data-driven by what’s happening in your actual body and more personalized to your particular physiology.”
“How we’re going to use data in a data-driven world around healthcare? We’re talking Star Trek,” concluded Dr. Shah.
About Our Panelists
Dana Rollison is the VP, Chief Data Officer, and Associate Center Director of Data Science at Moffitt Cancer Center in Tampa, FL. Dr. Rollison oversees the development of their enterprise-wide data warehouse and analytics platform which aggregates data across multiple source systems, including electronic med records, biobanking, cancer registry, patient-reported data, molecular testing, and billing.
Nilay Shah is the Co-CEO & Chief Medical Officer of Preminder, Inc., and Founder of the Brain Research Institute of NY & NJ. Dr. Shah is a neurotechnologist involved in revolutionizing chronic care management with frontier tech & a relentless focus on the patient/provider experience.
Joe Caserta is the Founding President of Caserta. He is an internationally recognized public speaker, entrepreneur, and technologist. Joe is an authority on enterprise data analytics.
Caserta is a strategic consulting firm focused on data and analytics. We help business and IT leaders transform their organizations by and through their data. Our strategic assessments with actionable roadmaps, innovative designs and architectures, and advanced implementations leverage the latest technologies and proven frameworks and methodologies.
We specialize in all things data and analytics including big data, modern data architecture, cloud migration, enterprise data management, business intelligence, data visualization, advanced analytics, and machine learning.