Prashant Reddy

Welcome to the McKinsey on Healthcare podcast.

My name is Prashant Reddy.

I'm a senior partner with McKinsey and Company based in our New Jersey office.

In today's episode, I'll be talking with Pete McCabe, the CEO of DataVant, about data connectivity, data security, tokenization, and their potential to transform healthcare.

These topics are particularly exciting to discuss due to the recent developments within the healthcare IT and the information management space across technology, regulation, and frankly, the interest of various industry participants in really addressing the barriers to collaboration.

Pete is a thought leader in this space, thanks to his leadership of DataVant.

After a merger this year with Siox Health, valued at approximately $7 billion, DataVant is said to be one of the largest healthcare data ecosystems in the world, enabling patients, providers, payers, healthcare data analytics companies,

patient-facing applications, government agencies, and life science institutions to securely exchange their patient-level data.

Pete, thank you again for joining us today.

So we have three or four broad themes we thought we'd just touch on today.

The first we'll start with is data connectivity.

So one of the motivations behind the recent merger between DataBand and Siox was to solve this challenge of healthcare data fragmentation.

Could you talk us through why data connectivity is so important?

That's great.

I love the synthesis, especially around this personalization research and cost is kind of three different lenses.

What are the leading causes of healthcare data fragmentation?

Speaking of the rest of the world, how do you see this playing out in other parts of the world too?

So you're saying they might still have the challenge between pharmacy and acute care and primary care, but it's not as broad as we have here.

Maybe on this, we flip from the what the problem is to the how.

So as you think about the how of addressing this issue, given it's such a big issue and it's been there for so long, just how do you unlock the power of this connected data and ensure that this fragmentation doesn't hurt us in the future, but we can benefit from it?