iHT² Health IT Summit New York - Mark MacNaughton, SVP & CIO, Medial Segment at Cardinal Health -...
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Transcript of iHT² Health IT Summit New York - Mark MacNaughton, SVP & CIO, Medial Segment at Cardinal Health -...
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Information as an asset:Moving to the I-side of IT
Mark MacNaughtonSVP, CIO, Medical SegmentSeptember 19, 2013
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Cardinal Health - Essential purpose
We are more than 33,000 people applying our deep understanding of healthcare to deliver inventive and meaningful solutions that help improve the cost-effectiveness and quality of healthcare so our customers can focus on patients.
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© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Essential facts
100+business
acquisitions acrossour history
100,000sites delivered
to daily
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*An estimate of the pro forma revenue for fiscal 2013 in accordance with generally accepted accounting principles with adjustments expected to reflect each company as a stand-alone entity. The estimate is based on assumptions that management currently believes are reasonable, but actual revenue may vary materially from the estimate.
Leading provider of products and services across the healthcare supply chain with an extensive footprint across multiple channels
$101BFY13 pro forma
revenue*
#19on Fortune 500
list
86%of hospitals in the
U.S. use our products and
services
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Aging population+
Public health issues=
Increased demand
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Healthcare demand – an inescapable reality
Need for improved cost effectiveness
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Healthcare trends
Reimbursemen
t cuts creating
financial
pressure for
our customers
Information
transparency
and
interoperability
/ flow
Consumers
increasingly
knowledgeable
and involved in
their healthcare
Our priorities are driven by key trends in the healthcare marketplace…
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Focus moving
from purely
unit price
pressure to
utilization
Customers under overwhelming pressure and seeking creative, integrated solutions
Reimbursement cuts creating financial pressure for our customers
Focus moving from purely unit price pressure to utilization
Customers under overwhelming
pressure and seeking solutions
Information transparency and interoperability/ flow
Consumers increasingly knowledgeable and involved in their healthcare
Increased participation of government in healthcare, both as a payor and a regulator
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Complex care delivery
InsuranceInsurance
PayorPayor
ManufacturerManufacturer
Home healthcare
Physician offices
Hospital systems
Hospitals Surgery centers
Independent laboratories
Pharmacy Imaging
GovernmentGovernment
GPOGPO
IDNIDN
ACOACO
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Information transparency
Radio-frequency identification (RFID) allows for tracking at transaction stations across the supply chain
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Pharmaceutical supply chain solutions
Cardinal HealthPharmaceuticalManufacturers
• 1,400+ manufacturers
• 50,000+ products
•22 distribution facilities
•7.4 MM deliveries/year
•>80% of generic injectables sold to hospitals are governed by ‘contract’ price
Health Care Providers
• 24,000 retail pharmacy locations
• 2,650 hospitals
• 4,000+ physician office and surgery center locations
• 150 mail order locations
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Cost relief
Critical components
Product launches
Proposal analysis
WorkflowProduct cross-
references
PricingProduct
dataBuying
patterns
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Big data“Market Basket” analysis
Big data“Market Basket” analysis
Signature Savings Package Signature Savings Package
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Data platform that supports insights
Incr
easi
ng
co
st
Large, integrated data analytics
Larger, more specific relational
Big Data
Central repository
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In memory database
Small to medium relational
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
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Data skills that lead to insights
Platform Relevancy
Skills
Insight
Use of Business Analytics
Bu
sin
ess
Ag
ility
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Lessons learned
• Ensure IT and business are aiming at the same target• Analytics are only as good as your data geeks • Building the future? Start in a sandbox• Start with fertile ground to grow advocates
© Copyright 2013, Cardinal Health. All rights reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks or registered trademarks of Cardinal Health.
Q&A