Physician executives explore "New Science" frontier: Bridging the communications gap between medical staff and administration. (Next!).Add another item to the job description of every physician executive -- chief technology officer (CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ). On the high frontier of scientific advances, physician executives are at the intersection between the imperatives of technology and the demands of management. Medically trained executives can be advocates for scientific research and technology investment. In the competition for capital and budget priorities, physician executives are the communications bridge between the medical staff and administration. With their clinical training, physician executives are in a unique position to translate new scientific discoveries into practical terms that non-clinical managers and lay board members can understand. The practice of selecting physician executives to lead academic medical centers is a long-standing tradition. Now, physician executives are taking the helm in many integrated health systems and regional medical centers. Shift away from managed care The emphasis on technology follows a mega-shift in the health care environment. The basis for competition in the 21st century moves from managed care contracting to technology competition in centers of excellence. In the next five to 10 years, there will be a steady stream of technology infusing health care organizations: * Genetic discoveries will lead to new diagnostics and pharmaceuticals. * Computer-aided drug discovery will double the number of new medications in the pipeline. * Advances in materials science materials science Study of the properties of solid materials and how those properties are determined by the material's composition and structure, both macroscopic and microscopic. will yield genetically-engineered tissues, heart valves Heart valves Valves that regulate blood flow into and out of the heart chambers. Mentioned in: Heart Failure , even complex organs such as livers. * Hybrid imaging devices will combine CT, PET, MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. and holography with images in 2D, 3D, 4D and real-time. * Customized therapeutics will be designed to match the genetic makeup of individual patients, including pharmaceuticals and genetic therapy. * High-speed, high-definition images will be created for teleme dicine. * Medical applications of artificial intelligence will be designed for diagnosis, treatment planning In radiotherapy, Treatment Planning is the process in which a team consisting of radiation oncologists, medical radiation physicists and dosimetrists plan the appropriate external beam radiotherapy treatment technique for a patient with cancer. Typically, medical imaging (i.e. and continuous monitoring of chronically ill. * Wireless, hand-held digital electronic medical records will be capable of voice recognition. * Telepresence surgery See telesurgery. will take place with minimally-invasive, remotely guided instruments capable of precision beyond any human. * Nano-technology, will create very small devices for diagnosis and treatment. No need to wait for the future. Many of these devices and advances are already here, like the "camera in a pill," hybrid CT-PET scanner and telepresence surgery. The stream of new pharmaceuticals is already widening. More than 300 genetically based drugs and diagnostics are in clinical trials today, with some 180 trials just on cancer. Biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. are energetically mining the Human Genome The human genome is the genome of Homo sapiens, which is composed of 24 distinct pairs of chromosomes (22 autosomal + X + Y) with a total of approximately 3 billion DNA base pairs containing an estimated 20,000–25,000 genes. Project's databases, narrowing the search for new biologics that pinpoint targets In artillery and naval gunfire support, a target less than 50 meters in diameter. on the genome. Internet-informed patients are clamoring clam·or n. 1. A loud outcry; a hubbub. 2. A vehement expression of discontent or protest: a clamor in the press for pollution control. 3. A loud sustained noise. to be treated by experimental drugs and to become enrolled in clinical trials. Pharmaceutical manufacturers are carrying the message to patients through mass media and direct-toconsumer marketing. Patient support groups on the World Wide Web are posting new research findings before they appear in scientific journals. National media provide saturation coverage of scientific discoveries and experimental treatments, with special access to the latest findings in clinical journals as they are published. 3 forces at work The future of health care will be driven by three fundamental forces: 1. Demographics 2. Consumerism consumerism Movement or policies aimed at regulating the products, services, methods, and standards of manufacturers, sellers, and advertisers in the interests of the buyer. 3. Technology Physician executives will play a key role in managing the conflicts between consumers who want access to new technology, physician advocates who are extending the envelope of their professional disciplines and fiscally responsible trustees who insist on analyzing the cost benefit of technology investment. Physician executives need to manage technology acquisition in a process that is open, rational and sensitive to multiple perspectives: * Technology scanning: Ask clinicians -- physicians, nurses, pharmacists and other health professionals -- to lead a broad-ranging search to identify new technology in each of their disciplines that may become available in the next two to five years, and beyond. * Technology assessment: Select a limited number of leading-edge technologies for more detailed assessment of the potential impact on the practice of medicine and the delivery of nursing and other health services health services Managed care The benefits covered under a health contract within the organization. * Financial feasibility: Identify a short list of high-priority technology developments for analysis of financial feasibility, as these new devices, drugs and treatments reach the market. * Research synergy: Support the conduct of basic or applied research, consistent with the role, mission and resources of the organization. Foster research and evaluation among the medical staff and encourage participation in collaborative research projects and "beta site An organization or group that is beta testing hardware and/or software. See beta test. " developmental efforts. * Technology partnerships: Seek partnerships with companies that are developing new technology or significantly advancing the state-of-the-art. Technology partnerships can take many forms, including consultation, clinical trials, beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the and capital investment. The role of chief technology officer is widely recognized in companies whose stock-in-trade is technological innovation. This is a natural for academic medical centers, large integrated health systems and regional medical centers that wish to position themselves as market leaders and early adopters of technology. Physician executives are the natural candidates for the CTO position, with their combination of clinical training, technical expertise and management skills. The respect given to physician executives by boards and nonclinical managers is another reason to position physician executives as the "keepers of the flame" who can translate scientific advances into terms that managers and board members can understand. This century will be remembered as the "century of biology." Physician executives can show the way. Russell C. Coile, Jr., MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , is a nationally-recognized futurist specializing in the health field. He is national strategy advisor for Superior Consultants, Inc., a Southfield, Mich.-based consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in digital business solutions. He is the author of 10 books on the future of health care, including Paperless Hospitals, just released for 2002 by Health Administration Press. As the editor of Russ Coile's Health Trends, a monthly newsletter now in its 14th year, his trends predictions for the past 10 years have been 90% accurate. RELATED ARTICLE: IN THIS COLUMN... Physician executives are well positioned to take on a new leadership role: chief technology officer. Discover how you can combine your medical/scientific knowledge and business know-how to help usher in Verb 1. usher in - be a precursor of; "The fall of the Berlin Wall ushered in the post-Cold War period" inaugurate, introduce commence, lead off, start, begin - set in motion, cause to start; "The U.S. a new age of technological innovation. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion