Pete McCabe

The foundation of value-based care, almost implicitly, is you have data, right?

How do I know if the care I gave person X was efficacious?

You can't really answer the question, A, if you don't know

person X's condition before and after, right?

Just start with that as the foundation.

But B, if you don't know the context of patient X's care, you know, I had diabetes, I had preexisting conditions, I had heart disease and allergic to these drugs.

So if you think about value-based care, it can only be as good as the underlying data

that supports the moves on value, the efficacy of the value.

We are huge supporters of value-based care.

Today, there's good contracting, kind of commercial incentives to drive more and more value-based care.

What we need to do is catch up the underlying data to support value-based care.

And it's one of the things we see that the payers and providers and self-insurers driving quite hard and we're very anxious to support them in advancing their objectives.

Amazon tells me what books I like.

And Netflix tells me what movies I want to watch.

And I spent a lot of time in different industries.

But the internet of things, we would take real-time feedback and reduce the fuel consumption of a locomotive by 8%.

And it would take real-time feedback and prove the megawatt hours we generate from a wind turbine by 20%.

We need to be doing those things in healthcare, you know, for our society, whether it's at an individual level, at a population health level, trying to develop new drugs or treatments or find the efficaciousness of, you know, wearing masks.

The transformational power is massive.

I think value-based care is maybe ground zero, if you will, for driving those potentials.