payer-provider summit boston 2014 opening keynote “the power of data” with prudence kuai, svp,...
TRANSCRIPT
Prudence Kuai
SVP and Chief Information Officer, Florida Blue
May 14, 2014
iHT² Payer-Provider Evolving
Business Models Summit:
The Power of Data
1
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
AGENDA
• Dynamics in the Health Care and Health
Insurance Industry
• Florida Blue’s Positioning in the
Marketplace
• The Power of Data in Driving Industry
Transformation
2
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
AGENDA
• Dynamics in the Health Care and Health
Insurance Industry
• Florida Blue’s Positioning in the Marketplace
• The Power of Data in Driving Industry
Transformation
3
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
How Health Care is Changing…
4
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
Premium Subsidies
Age Rating
Compression
HealthInsurance
Tax
Essential Benefit
Changes
Cost-sharing Subsidies
New Market Rules
3Rs
Competition
Managing Through Change
5
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
AGENDA
• Dynamics in the Health Care and Health
Insurance Industry
• Florida Blue’s Positioning in the
Marketplace
• The Power of Data in Driving Industry
Transformation
6
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association. 7
• F lo r i da B lue and i t s f am i l y o f subs id i a r i es se rve
more t han 15 m i l l i on peop le ac ross t he Un i t ed S ta tes
• 30% marke t sha re i n F l o r i da
• Cus tomer re ten t i on l eve l s ave rag ing 90 %
• 25 Consecu t i ve Yea rs o f Pos i t i ve Ne t I ncome
• $10 b i l l i on o f r evenue
• Over $4 b i l l i on o f GAP equ i t y
• AM Bes t r a t i ng upg raded t o an “A+ ”
• A+ Ra t i ng f r om S tanda rd & Poo r ' s
Florida Blue – Who we are
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
VisionA leading innovator enabling healthy communities
MissionTo help people and communities achieve better health
ValuesRespect, Integrity, Imagination, Courage, Excellence
8
Our Mission, Vision & Values
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
Riverside YMCA Florida Blue
Fitness Center
Tampa Bay Day of Caring
Community Gardens Miami Rescue Mission 9
Building Strong Communities
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
H e a l t h I n s u r a n c e E V O L U T I O N t o H e a l t h S o l u t i o n s
10
Retai l Centers
Community Health & Wellness
Sales & Retention
MemberServices
Education& Events
Care Navigation & Support
11
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
I nnova t i ons d r i ve member engagemen t / suppo r t
Care
Consulting
Navigation
Mobile Web ApplicationsBetter You From BlueSM
Worksite Wellness
Worksite Clinics
HCR e-Book
12
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association. 13
Habi t Heroes
14
Our delivery system is becoming a mosaic of value models
Patient Centered Medical Homes (PCMH)
Bundled Payment Pilots
Staff Model HMOs
2
1
Physician Groups
31
2
Medicare Collaborative Care Models
ACO Models
3,5
2
1
7
4,6
8
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
Par tnersh ips
15
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
Agenda
• Dynamics in the Health Care and Health
Insurance Industry
• Florida Blue’s Positioning in the Marketplace
• The Power of Data in Driving Industry
Transformation
16
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
Fu tu re hea l t h p l an ro l e i n i n f o rma t i on exchange
Encounters Engagement
Clinical
IncentivesCosts
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Providers Members
Partners
Employers
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
T h e A g e o f C o n s u m e r - C e n t r i c D i g i t a l H e a l t h
Health Consumer
Early
Disease
Detection
Personalized
Treatment
Plans
Optimized
Prevention
Complete Health Record
Real Time
Biometrics
18
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
M u l t i - C h a n n e l P h y s i c i a n C o l l a b o r a t i o n
Data
Co
llectio
n a
nd
Ana
lytics
Digitization
Genomics
Biometric Devices
19
Web
Mobile
Physician Portal
ER Platform
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
E l e m e n t s o f S u c c e s s f o rA C O P a r t n e r s h i p
Trust between parties
Shared savings that aligns
incentives with the best interest
of the member/patient
Data Transparency
All parties with a vested interest in
success
Quality being clearly defined and measurable
20
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
We b - M o b i l e - D i g i t a l
Health Care Reform
eBook
Member Website
Mobile
EMR
21
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
I n fo rma t i on L i f e Cyc le
Data Information Knowledge Value
Use/ Access ActionMeaning
We must deliver an information ecosystem and structure that enable the value creation
We must define the future information needs that will drive value
QuestionsContextSource
22
Florida Blue is an Independent Licensee of the Blue Cross and Blue Shield Association.
Key Messages
Technology leaders need to:
• Realize great opportunities and great responsibilities
• Establish solid data and information management
strategies and roadmap
• Engage and collaborate with business leaders
internally and externally
• Exhibit leadership to execute the strategies
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