Editor's note: Local Tech Wire asked Grace Whi-Tze Ueng to discuss the proceedings at the Council for Entrepreneurial Development's recent biotech form. Ueng, founder and chief executive officer of Savvy Marketing Group, moderated the panel.
RESEARCH TRIANGLE PARK, N.C. - A record-breaking crowd of over 225 people kicked off CED's 2006-2007 Biotech Forum series by attending a discussion on "The Impact of Globalization in Healthcare" earlier this month.
A lengthy waiting list was accommodated through an overflow seating theatre validating the strong interest in the Triangle on this topic. The event was co-hosted by CED and the North Carolina Chinese Business Association (NCCBA) with corporate sponsorship from IBM
Panelists included Victor Dzau, MD, Chancellor for Health Affairs, Duke University and president and chief executive officer of the Duke University Health System; Art Pappas, managing partner of Pappas Ventures; Dan Pelino, general manager of IBM Healthcare and Life Sciences Industry; and John Ratliff, executive vice president and chief financial officer of Quintiles Transnational.
These experts raised eight key points:
3. Innovation In Multiple Areas Is Critical To Globalizing Healthcare - Not only with the more obvious areas such as drug discovery and clinical services, but also with other areas such as better reimbursement processes, IT implementation, facilities to practice evidence-based medicine, and the availability of skilled leadership. When all these key ingredients are in synch, acceleration of the cycle of innovation takes place. "We need to unleash all the power of information by using IT to allow all information to flow through the healthcare process. IT is the link that holds this all together," said Pelino.
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