Were you ever so impressed with something that you found yourself at a loss for words? Coming from me, as many will attest, this is a rare (and probably welcome at times) occurrence. That said, about half-way through NextGen ONE in Las Vegas, we hosted our first Healthcare Private Equity Investor Session, What’s Hot and What’s Not in Healthcare Private Equity Investing.
Our goal was to assemble some of the most successful healthcare industry leaders and subject matter experts and offer multiple perspectives spanning financial, technology, health specialties, market trends, and the Accountable Care Act impact. Our intention was to bring value through education to a varied audience of private equity healthcare investors. And that we did… with over 40 investors attending, representing private equity firms across the US and Canada.
A plethora of collective knowledge
So what happens when you have 40 private equity investors in one room for four hours and inundate them with “everything they need to know about healthcare technology as it relates to opportunities in 10 easy steps?” Well, you break it down by areas in which we see emerging markets and that’s exactly what we did. We identified four key areas and developed panels around those topics. These panels consisted of NextGen Healthcare C-level clients and executives, specialty directors, investors, and were moderated by investment professionals from Marwood Group and Cain Brothers.
Common themes spanning all markets
The panel sessions and speakers (listed below) may have varied in scope and content, but the impact of the changing healthcare climate was evident across the session. Regardless of the specialty, the need for meaningful data sharing and analytics, interoperability, and robust revenue cycle management was shared by all. Other common areas of focus were payer contracts and risk sharing, adapting to value based systems, population health, market consolidation, IT structure, and the need for a single interoperable enterprise platform across multiple healthcare disparate locations. There was also a lot of discussion concerning market consolidation driving the need for enhanced collaboration and innovation as the recipe for success and profitability.
Timely topics, seasoned presenters
With a warm welcome delivered by Steve Plochocki, CEO of QSI-NextGen Healthcare, the following panels and panelists took front and center stage starting with:
Behavioral Health —
Moderated by Todd Rudsenske, Managing Director – Cain Brothers
The panelists: Michael R. Zent, Ph.D., President & CEO – Jewish Family & Children’s Services and Behavioral Health Information Network, AZ
Javier Favela, CFO – Topaz Information Solutions
Robert S. Waggener, FACHE, LCSW, Chief Executive Officer — Foundations Recovery Network
Gary Steiner, Behavioral Health Specialty Director – NextGen Healthcare
Physical Therapy —
Moderated by: Lee Alvarez, Managing Director of Healthcare – Marwood Group
Heather Franks, Director of IT/IS Operations – Athletico, Ltd.
Anne Bond, Director of Billing Systems – Athletico, Ltd.
Ryan Leland, Specialty Director, Orthopedics – NextGen Healthcare
Urgent Care & Emergency Medicine —
Convenience Equals Profit and the Walk-In Clinic Explosion
Moderated by Charlie Ditkoff, Senior Advisor – Marwood Group
Daniel Hosler, Principal – Sterling Partners
Jay Simmons, Assistant VP Physician Information Systems – IASIS Healthcare
Kimberly Goessle, EVP of Healthcare Strategy – Premise Health
ACO & Multi-Specialty Health Systems —
Moderated by Rondi Rabuse, Senior VP – Marwood Group
Paul Mulhausen, M.D., M.H.S., F.A.C.P., Chief Medical Officer – Telligen® Healthcare Intelligence
Howard Buff, CEO – Citra Health Solutions and Orange Accountable Care
Greg Spencer, MD, Chief Medical Officer – Crystal Run Healthcare
Cherie Holmes-Henry, VP – NextGen Healthcare
Let’s do this again!
Finally, closing Remarks were delivered by Chris Emper – Director of Government & Industry Affairs, NextGen Healthcare. Given the reception of this event, it is highly likely we do it again Next Year at NextGen One!