hc1 Chairman and CEO Brad Bostic’s thoughts on how Precision Health Insight Networks (PHINs) are revolutionizing how we deliver care have recently been featured in several trade and news publications. PHINs make it possible for healthcare organizations of all sizes to manage complex patient information securely across networks and personalize care for all patients. PHINs built on the hc1 Platform reveal actionable insights from once siloed diagnostic and prescribing data.
In an Inside Indiana Business article, Mr. Bostic wrote that curing health care complexities is possible with precision health. He said that “Rapid advances in secure cloud technologies that power machine learning, artificial intelligence and big data are being used every day in other industries and can easily be adopted in healthcare as well. Overall, Precision Health Insight Networks would reduce the cost of healthcare, reduce waste, and ensure patients have access to impactful, high-value, precision health care.”
In a HIT Consultant article he focused on how PHINs are addressing the fundamental flaws that have broken healthcare. “We expect healthcare services that cater to our individual needs, yet the health care system operates under a one-size-fits-all, trial-and-error model,” he said. “It is a model that results in missed diagnoses, protracted illnesses, and even premature death and wastes $935 billion annually.” Using PHINs, however, Mr. Bostic wrote we can address the problem. “Through PHINs, health systems and health plans deliver markedly better outcomes while significantly reducing healthcare costs,” he said. “For example, precision testing and prescribing brings together all required patient health information and clinical guidelines to automatically generate the signals needed to ensure fast and accurate diagnosis and that precision medications are prescribed based on a patient’s unique genetic mutations.”
Writing for Patient Safety and Quality Healthcare, Mr. Bostic focused on scaling precision medicine for mainstream adoption. “Of all the lessons learned during the pandemic, healthcare stakeholders can agree on one thing,” he said. “Broad adoption of precision medicine must become a priority. When care is personalized to the individual, the outcome is a virtuous cycle that keeps people healthier while making healthcare significantly less costly.” Mr. Bostic continued to explain how PHINs are delivering the opportunity to deliver mass personalization in healthcare. “Precision health data delivered at the right time in a meaningful format can often be the difference between life and death for a patient. It also lowers costs, which results in an improved patient experience and, ultimately, better overall outcomes,” he said. “The applications are seemingly endless: Imagine the power of comparing a nephrologist’s diagnostic testing habits against peers nationwide. Consider the benefit of aligning a patient with certain genetic abnormalities to a “digital twin” made up of a composite of data spanning dozens of similar patients across the country to understand what treatments will be most effective and what diagnostic testing is required.”
Published in Medium, Mr. Bostic wrote about healthcare’s precision medicine imperative. “PHINs take many of the worries out of coordinated care by seamlessly organizing patient information across insight networks in real-time with fewer resources and effort by over-committed IT organizations. They do not replace the fundamental value provided by the practice of medicine, they add efficiencies, provide consolidated analytics, and, most importantly, deliver precision health insights so clinicians can make faster decisions,” he said. “In other words, insight networks focus providers on the signals that are important to patient care, promote evidence-based standards, and track successful implementations of high-value care initiatives.”
Mr. Bostic will join other industry thought leaders to share more about how PHINs and the digital twin modality are making precision health achievable in all aspects of care delivery and accessible to everyone during the Precision Health Virtual Summit 2021 on August 31 – September 1. Visit www.hc1.com/summit to register for free today!