| Q. |
How much of what you do is IT, and how much of it
is healthcare? |
| A. |
My job requires deep knowledge of Health Information
Management ("HIM") because what we do is
part of a larger network process. So, we are
always looking at where and how we fit into a larger
solution for HIM. There is also a lot of play
around revenue cycle management, which addresses how
quickly and efficiently hospitals can get reimbursed
for services: the transcription and coding processes
are critical parts of the revenue cycle management
process.
|
| Q. |
Do we have, or should we have, in Northeast Ohio,
a core strength in the specific combination of IT and
healthcare? |
| A. |
I view IT and healthcare as a safer bet than perhaps
a biopharma type of bet. From my perspective,
biopharma is rather long term and it's typically
a home run or strike out scenario. I think in
the IT-and-healthcare space you're more likely
to get a single, double, or triple.
However, viewed by those outside Northeast Ohio, we're
probably comparatively stronger in diagnostic or medical
equipment than in the IT-and-healthcare space. Steris
and Invacare are good examples of our strengths in
medical equipment, as well as some recent spin-offs
I've seen from the Cleveland Clinic that provide
specific pieces of equipment for heart surgery and
the like.
So, there are some IT-healthcare companies in Cleveland,
but I wouldn't say we have a critical mass of
them at this point. I wish I saw more of them.
|
| Q. |
Did your HBS education help you? How? |
| A. |
It certainly has helped me. I have an atypical
background for a CTO in that it's not a heavy
tech. background, but instead it's more business
oriented. The great challenge of IT products
is not understanding the technology, but understanding
the market...not understanding how to build the
product, but understanding what to build. HBS
helped me understand how important it is to understand
market needs so that I can translate these into technical
needs.
|
| Q. |
What do you think the HBS Club NEO does well? |
| A. |
It does a great job of providing a forum for people
to come together, network, and see a bit of what's
going on in Northeast Ohio.
|
| Q. |
What would you like to see it do better? |
| A. |
I don't know if it's realistic, but I'd
like to see it help promote greater growth in the Cleveland
area relative to businesses, especially new businesses.
I'd like to see it more involved with entrepreneurship.
I think Cleveland needs to develop a coherent strategy
and push forward with how to become an attractive place
for people to start new enterprises. Unless Cleveland
gets arms around the critical mass game, it will lose
share to larger institutions and towns/regions and
the brain drain will become irreversible.
|