Thought Leaders in Healthcare IT: ClearDATA CEO Darin Brannan (Part 3)

Sramana Mitra: I have one observation. In everything that I’ve heard so far, it seems to me that this is a cloud computing story. It’s a cloud computing service that you’re applying to the healthcare industry. I haven’t heard anything that is particularly specific to healthcare.

Darin Brannan: The regulatory requirements for healthcare are non-trivial in the US. There’re state-level requirements and national requirements. There are over 300 different checkpoint items you have to clear to ensure that you are compliant. The way in which you interpret the regulations and apply people, process, and technology is an important semantic issue around any technology entering healthcare.

To do it properly and to ensure that you’re reducing not only your audit risk but also your cybersecurity risk, healthcare is typically looking for a healthcare-exclusive cloud vendor that can provide not only the cloud migration sophistication but all the security compliance around that.

Over time, we’re looking at driving interoperability in our platform and organizing architecture around our data. It’s really that basic element in healthcare where you have all these wonderful advanced applications but they’re not able to be deployed when their infrastructure and security is lacking. They are looking for a purpose-built, healthcare-oriented cloud security compliance company to modernize and fix their infrastructure and over time, help them with interoperability and data environments.

Sramana Mitra: If you lift yourself to the 30,000 foot level, what trends are in the horizon? If you were starting a company in this general space, where would you start the company?

Darin Brannan: I’m a big believer in the fourth industrial revolution that is underway, which is the fusion of physical, digital, and biological world impacting all of these industries. Healthcare is leading the charge of that revolution. One of the major catalysts for change in healthcare is Artificial Intelligence.

That has been in favor for a good couple of years now in healthcare. I think there are now 90 AI companies but there are multiple use cases and multiple subsegments within healthcare where AI can drive tremendous cost savings and better outcomes. I would still be looking at the cognitive AI space. Interoperability is still a massive problem within healthcare. There are some handful of incumbents that have worked on that.

Telemedicine is in its early days. My view on the evolution of healthcare IT is, we’re now in phase three of three major phases. That phase is personalized care. Phase two was collaborative care where you’re just coming off of phase one which is EMR adoption and digitalization and capturing of records. Now we’re moving from collaborative care.

We’re in phase three where we start to use the analytics and data management to drive personalized health interventions and predictive modeling. Mobile health and telemedicine will start to have tremendous traction over the next three or four years.

Sramana Mitra: Very good. Thank you for your time.

This segment is part 3 in the series : Thought Leaders in Healthcare IT: ClearDATA CEO Darin Brannan
1 2 3