01 Mar 2015
What’s next in health care? Re: Todd Cozzens (PMD 60); Al Suarez (MBA 2005); Eric Calderon (MBA 2013)by April WhiteTopics:
The first annual HBS Latino Alumni Association Southern Dinner, held in Dallas last fall, was more than a social occasion for outgoing club president Al Suarez (MBA 2005) and event organizer Eric Calderon (MBA 2013)—it was also a successful trial of the club’s strategy to expand its reach across the United States.
For the past 10 years, the club has hosted a popular gala in New York, attended by Latino alumni, students, and newly admitted students. But the event was attracting only a portion of the School’s Latino alumni. Suarez set out to introduce regional events, big and small, in California, Florida, and Texas, where most HBS Latino alumni live.
Dallas was the proving ground for this strategy. “We want to collect and build our networks more regionally,” says Calderon, who sits on the club’s board. “There’s a demand and an appetite for this.”
The health care industry is in the midst of a digital revolution, Sandy Carter (MBA 1989) told attendees of the HBS Healthcare Alumni Association’s annual conference during the November gathering in Cambridge. Carter, IBM’s general manager for ecosystem development and social business, moderated a panel on health care technology that included Sequoia Capital partner Todd Cozzens (PMD 60, 1990), who invests in digital health companies. What trends does Carter see disrupting health care?
Health and wellness insights driven by cognitive computing. Carter sees this as the advent of the “Analytics 3.0” era, where cognitive computing changes the way people use data to make decisions. “We’re seeing more of analytics and big data as a means not just to support the decision a person wants to make, but also as a way to provide insights, questions, and ideas you would not have thought of on your own to present a new base for decision-making.”
The rise of niche social networks and social collaboration. Niche social networks—which create a space for private, invitation-only online conversation—can connect patients to doctors as well as connect patients to other patients and health care professionals to each other. The result, says Carter, is an opportunity to share knowledge and experiences, improve care, and reduce costs.
The ubiquity of mobile and visual communications. Health care professionals and patients now have convenient access to information wherever they are. Carter has seen the power of mobile health care tools in several Ebola-affected West African countries where IBM has introduced education and data-gathering mobile applications to improve prevention and treatment.
Class of MBA 1989, Section E