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www.mcguirewoods.com www.mcguirewoods.com KEYNOTE: 8 Disruptive Issues in Healthcare Holly Buckley, JD Partner, McGuireWoods LLP

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Page 1: KEYNOTE: 8 Disruptive Issues in Healthcare Click to edit ... 15/Holly Buckley Track B 6.15 - FRI.pdfMcGuireWoods | 2 CONFIDENTIAL Clayton Christensen and The Innovator’s Prescription

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KEYNOTE: 8 Disruptive Issues in

Healthcare

Holly Buckley, JD

Partner, McGuireWoods LLP

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Clayton Christensen and The Innovator’s Prescription

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

USA’s first face transplant

World’s first fully cellular 3D

bioprinted liver tissue

First person to live with mind-controlled

robotic arm

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dis · rupt

Verb

1. to break apart

2. to throw into disorder

3. to intercept the normal course or unity of

Synonym

1. disturb

2. rattle

3. unsettle

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1. Presidential Healthcare Policy

• Repeal and Replace

• Patient Protection and Affordable Care Act v. American Health Care

Act

• Republican Tax Cuts

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2. Private Equity Investment

• Approximately $1 Trillion in private equity dollars ready to be invested

• First wave of consolidation of physician practice management (PPM)

models in dermatology, vision, and dental sub-specialties

• Second wave in oncology, urology, vascular, and neurology specialties

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3. Artificial Intelligence (AI)

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4. Genetic Medicine

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5. Retailers as Primary Care Physicians (PCPs)

• Retail medical services disrupt traditional and independent primary care

practices

• Speed and convenience

• Usage of lower-costing healthcare providers (e.g., nurse practitioner v.

physician)

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6. Millennials as Consumers

• 83.1 Million Millennials in the United States today (born between 1982

and 2000)

• New demands for speed, telemedicine, increased outcomes, and

consumer-oriented service through social media

• Disrupting processes and service methodologies

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7. The Internet of Medical Things (IoMT)

• Internet of Medical Things (IoMT) is the collection of medical devices

and applications that connect to healthcare IT systems through online

computer networks

• Monitor, inform, and notify providers and caregivers of healthcare

issues so as to facilitate early intervention

• 3.7 Million medical devices in use and monitoring various parts of the

body to inform healthcare decisions

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8. Non-Traditional Entries Into the Market

• Amazon and Apple become market players

• Amazon moving into healthcare with its health venture with

JPMorgan Chase and Berkshire Hathaway

• Apple to open new medical clinics in California

that would deliver “compassionate, effective

healthcare to the Apple employee population.”

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Questions or Comments?

www.mcguirewoods.com