The health care industry has a lot to gain from the fruits of big data. There’s more potential than ever before as we begin to analyze and use the wealth of data that is available to us today.
Careful and timely collection of massive data as it relates to person, place, and population can reveal new and exciting insights that will result in more intelligent and effective patient care globally.
In the near future, a full set of all available information from multiple systems should be in place at the individual patient level. This should include all clinical encounter data, personal health, and genetic information.
Genomic sequencing tests are predicted to be as low as $100. Therefore, this affordability will create a new paradigm whereby crunching genetic data sets to generate precision and personalized treatments will become common practice.
At the point of care, we’ll be able to compare our genetics with “patients like us” for real-time clinical decision support to make the most appropriate decisions in our care plan. We’ll know what to expect and how to better care for ourselves and our loved ones.
A complete set of de-identified data should be available for population health assessment and identification of trends for research, planning, and population health management.
Ultimately, data-driven intelligence — including predictive models that are generated from correlations and commonalities across person, place and population — will help us to create new prevention and treatment innovations that capitalize on previously untapped insights.
Larry Stofko is Executive Vice President at The Innovation Institute, a for-profit LLC structured to respond agilely to the long and short-term needs of the healthcare industry. It is composed of three distinct elements: an innovation laboratory, an investment fund and an enterprise development group. Larry leads the Innovation Lab, which includes ideation, prototyping, piloting, and commercialization of new products, technologies, and companies.
Mr. Stofko has over 25 years of experience in healthcare information technology, strategy, and innovation. He was previously honored with CIO Magazine’s inaugural “Ones to Watch” award as an up-and-coming IT executive. He has been recognized as one of the 2012 Top 25 Healthcare CIOs in InformationWeek Healthcare’s second annual compilation of IT executives which highlights the exceptional thinkers and doers, the visionaries and the innovators who are moving patient care forward. Larry has a true passion for technology and innovation, speaking nationally on a regular basis. He has a strong reputation for leading change and gaining support for innovative solutions and change.
Most recently, he served as Senior Vice President, Chief Information Officer for St. Joseph Health (SJH), a $6 billion integrated Catholic healthcare delivery system based in Orange County with 25,000 employees, 16 hospitals and 6,000 physicians. In this capacity, he held corporate-wide responsibility for the development of information technology strategy and the delivery of information services at SJH. SJHS ranked in the top 100 companies by Information Week 500 through Mr. Stofko’s leadership in performance improvement and adoption of innovative clinical and business technologies.
Larry’s previous experience includes fulfilling the role of Director of Healthcare Consulting for Perot Systems Corporation, a provider of IT services. While at Perot, he led a team of managers and business consultants that provided business strategy, information technology strategy, process redesign and change management for the company’s health industry clients. He also served as a Senior Systems Analyst for Charter Medical Corporation in Macon, Georgia.
Mr. Stofko received a Master of Science in Medical Informatics from Northwestern University (2010), a Graduate Certificate in Health Administration from Trinity University (1994), and a Bachelor of Science in Business Information Systems from Georgia College & State University (1987). He currently serves on the Board of Directors for Taller San Jose, an innovative non-profit program that walks young people out of poverty through job training, leading them to a self-reliant future. He also previously served on the Board of Directors for The Wooden Floor, a non-profit organization serving low-income youth and families.
The opinions expressed in this blog are those of Larry Stofko and do not necessarily represent those of IDG Communications, Inc., its parent, subsidiary or affiliated companies.