Andrew Pecora, M.D., talks about the biggest disappointments and points of growth in the healthcare industry.
The landscape of healthcare has been undergoing serious change for a while, with digital health really taking off and the excitement over the promises of blockchain.
While it is easy to be swept away in all the talks of what the next big thing in the industry will be, sometimes it never comes to fruition.
>> WATCH: Changing the Landscape of Healthcare
For Andrew Pecora, M.D., Chief Innovation Officer at Hackensack Meridian Health in New Jersey, the biggest disappointment in healthcare has been the change in the rate of change of reimbursement. With all the talk of Obamacare and the Affordable Care Act, and other organizations that formed to ensure that all Americans had affordable access to healthcare, more than 90 percent of hospitals and physicians still have fee-for-service models.
If these organizations were acted on a little more, Pecora believes there would be a follow-on effect with technology.
But Pecora is still hopeful about some of the advances in the space.
The greatest change in healthcare is being led in cancer, Pecora said. Immuno-oncology, checkpoint inhibitors and precision-based treatments have the potential to create a new way to treat diseases, not just cancer.
And with all of the advancements in the space, it is Pecora’s job to figure out how to implement technologies that were once impractical and impossible, into Hackensack Meridian Health.
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