ABSTRACT
This chapter discusses the opportunity for new value creation and the orchestra analogy. Digital native companies and startups, as well as progressive healthcare industry incumbents, are working in concert to orchestrate innovative ecosystems for health and connected care. The Health Information Technology for Economic and Clinical Health Act of 2009 sought to accelerate the adoption of Electronic health records through a mix of front-loaded incentives and back-loaded penalties. The inherent inefficiencies, waste, and lack of consumer focus within the traditional fee-for-service health system prevented much return on investment or value from being realized from investment in these systems. Innovations fast-tracked through actionable clinical information and intelligence will drive population health programs and enable the transition to precision medicine. Modern medicine provides value every day. Genomic and personalized medicine is saving lives. The chapter also presents an overview of the key concepts discussed in this book.
