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Article
· Oct 21, 2015 1m read

The Key Challenges Facing Medical Device Manufacturers

Executive Overview

Accountable care and value-based reimbursement models are causing a seismic shift in the medical device industry. In the new medical device market, the value of the device and data alone will not drive sales. instead, it will be solutions that bundle device, data, and real-time analytics that clinicians, health systems, and payers will want to buy. For improved decision-making and outcomes, they need these solutions to deliver actionable information into existing electronic medical record systems and health information exchanges. And they need them to provide the efficacy and results data required in value-based reimbursement models.

In this environment, nearly every manufacturer of medical devices faces two key, interrelated challenges:

  • How to adapt to the shift to value-based payment models
  • How to protect margins with products that elude commoditization

You can meet these challenges by using a strategic interoperability platform to create solutions with leading-edge integration, data aggregation, and analytics capabilities.

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Article
· Oct 21, 2015 2m read

Strategic Interoperability in Germany Spain and the UK: The Clinical and Business Imperative for Healthcare Organisations

Strategic interoperability —The key to connected care

Introduction

The aging population and increasing incidence of chronic diseases are putting unmanageable pressures on healthcare services, not just in Europe, but worldwide. The current models of healthcare are unsustainable in the face of increased demand for services and rising costs. This was evident even before the financial crisis led to severe cuts in healthcare budgets in many countries.

Patients are increasingly relying on multiple specialists and healthcare organisations for treatment, due to the complexity of their medical conditions and the healthcare delivery system itself. Care providers need accurate, up-to-date, and reliable information from a complete patient record to deliver safe, high-quality care. Today’s model, with its silos of care and multiple unconnected records, is no longer suitable: systems and organisations need to be interoperable. This means that healthcare organisations must look at interoperability from a strategic point of view so that information is available when and where it’s needed across the continuum of care. Health and social care organisations will have to adapt to the changing environment in order to provide the best care for patients — and to survive financially.

The Royal College of Physicians in England produced a 2013 report called The Future Hospital: Caring for Medical Patients, in which it outlined a new model and role for hospitals: “Conventional models of health service design, in which a hospital site is the sole focus for the delivery of emergency, acute and elective services, are dated. These models often lack the integration, collaboration, communication and information sharing across hospital and the healthcare settings necessary to effectively meet patient needs and provide streamlined and seamless care.”

The report recommends fundamental changes in the way hospitals organise and deliver care, along with new ways of working that span medical teams, hospital wards, and service providers across hospitals and community-based care organisations. According to the report’s findings, integrated workflows, shared outcomes, and real-time communication of information among such health and social services partners will become the norm.

This is the vision of patient-centric care — care that is designed around the needs of the patient rather than the disease, treatment, service, or organisation in which the patient is seen — and it is applicable to any healthcare system.

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Article
· Oct 21, 2015 2m read

10 Questions to Ask Before Selecting an Enterprise Service Bus

Business Transformation for Application Providers

Introduction

InterSystems regards the enterprise service bus (ESB) as a business transformation engine for application providers.

Why the emphasis on transformation? For many application providers meeting today’s customer demands will require a change in business model. Customers are looking for unified solutions instead of application portfolios from vendors. They want these solutions delivered on their device of choice, from desktop to mobile. Above all, these solutions must be focused on the user experience. Data, functionality, and insight must be available to the people who need it, in the form they want it, wherever they are.

To make this transformation, distinct development organizations will need to provide compatible software components. Silos separating business units will need to be broken down. Everyone — from developers to implementers — will have to understand how components can work together in order to provide powerful new solutions.

An ESB becomes an engine for business transformation when it can:

  • Unify a portfolio of applications into a cohesive, mobile-enabled suite.
  • Empower users with information, analysis, and insight at the point of action, and enable them to drive business processes based on that insight.
  • Reduce the customer’s deployment time and costs by rapidly delivering applications that are interoperable, easy to configure, and scalable.

This Decision Guide provides guidelines for selecting a transformative ESB. It will help you to clearly define your selection criteria, including the important architectural components to consider, through a series of 10 key questions. Asking these questions as early in your initiative as possible will help your company save time and money, and reduce risk. This new approach to selecting and using an ESB can provide you with a platform for rapidly creating greater value for your customers and your business.

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Article
· Oct 21, 2015 2m read

The Role of Healthcare Informatics in Accountable Care

Executive Summary

An accountable care organization (ACO) is a group of providers that are collectively responsible for the total cost and quality of care provided to a specific population of patients. Together, the group assumes risk and shares rewards. As with high-performing organizations in other industries, the hallmarks of ACOs are quality measurement and continuous improvement.

Like other care models that are experiencing changing reimbursement structures, ACOs require new competencies to coordinate the delivery of care, and to manage populations, finances and risk. Issues of governance, leadership and health information technology must all be addressed. Systematic IT changes may be required to build upon the implementation of electronic health records (EHR) across the community and ensure integration and interoperability.

To be successful, ACOs must excel in three broad areas where health IT plays a crucial role: clinical integration, analytics and care coordination. Without capabilities in these areas, ACOs will not be able to meet their mandate to provide quality care while controlling costs.

ACOs should carefully evaluate their technology decisions, since such choices have both strategic and tactical implications. It is unlikely that any single application or vendor can meet all of an ACO’s needs for managing risk, insurance payments, provider networks, informatics, care coordination and more. Therefore, each ACO should find a vendor that offers a strategic healthcare informatics platform along with a robust partner network that can build and connect the applications it requires. In this way, an ACO can meet its needs in the three core areas of health IT in the short term, as well as gain the flexibility and scalability to face changing accountable care requirements and address long-term strategic objectives.

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Article
· Oct 21, 2015 1m read

High-Performance Encryption for Databases in Financial Services

Using Intel® Advanced Encryption Standard New Instructions with InterSystems Caché Substantially Improves Encryption Performance and Reduces Computational Overhead

Executive Summary

Financial services companies have an ever-growing need to encrypt databases containing sensitive customer and trade data. However, using encryption on these databases can require significant computational resources, potentially impacting trading latencies. Intel® Advanced Encryption Standard New Instructions (Intel® AES-NI), included in the Intel® Xeon® processor 5600 and E5 product families (and more recent Intel Xeon processor families), accelerates encryption and greatly reduces computational overhead.

Key Findings

Tests show that even as data and computational time increase, there is negligible degradation in performance for encryption or decryption. Use of Intel AES-NI with Caché’s interleaved cipher blocks can s

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