Latest / CareTalk: Healthcare. Unfiltered. / Optimizing Healthcare Mobility with 5G Hybrid Networks w/ Michael Feld | Executive Feature
Transcript
- 0:00Advanced computing and communications technologies offer tremendous promise for patient care, but turning that promise into reality requires high levels of specialized expertise that health systems just don't have in -house.
- 0:13But some hospitals, like Boston Children's, seem to have figured out how to make it all work.
- 0:18How do they do it?
- 0:26Welcome to Care Talk Executive Features, a series where we spotlight innovative companies and leaders working to advance the healthcare field.
- 0:33I'm your host, David Williams, president of Health Business Group.
- 0:37My guest today is Michael Feld, founder and CEO of Pixel Health.
- 0:41Michael, welcome to Care Talk.
- 0:43Thank you.
- 0:43Thank you.
- 0:45So Michael, you've been a technology leader for a long time, and I'm wondering if you could trace your early career and how that's led to where you are today.
- 0:53Sure.
- 0:54I'll be very brief.
- 0:56I...
- 0:56been involved since, well, pre -high school.
- 1:00My family is a company called Leviton, and so I go back to power and electrical distribution from day one.
- 1:10And then all the way up through the beginning of the internet, I worked with companies like BBN and some of the beginning networking firms that even predate Cisco.
- 1:21I worked with telephone companies and created and sold a number of firms.
- 1:25So I've always been involved in that.
- 1:27And then I basically fell into healthcare through technology, through telephony.
- 1:32And that's kind of a brief, you know, kind of overview.
- 1:35That sounds good.
- 1:36So this is back in the day, like the dawn of the internet, you're talking like, you know, DARPA, BDN, Bolt Berenick and Newman, not the fancy school in Boston.
- 1:47What was the, I mean, If you think back to the time, and this is like, you know, CPM before MS -DOS.
- 1:52Yes.
- 1:53Yes.
- 1:53What was the thinking?
- 1:55Was it was it expected?
- 1:56You know, we hear now like, you know, tech is dominates the stock exchange and so on.
- 2:00I mean, did it feel just like a little corner or did it feel like something foundational?
- 2:05A little of both.
- 2:07For some of us, you know, we saw this as so so many so many uses in so many different fields that it was sort of by definition foundational.
- 2:18but it also was small.
- 2:21Just linking computers together initially, eventually exploring messaging, very primitive messaging systems.
- 2:28It took a while to get file transfer systems working in large scale.
- 2:33So it was an incremental process.
- 2:34Now each iteration, each new thing we did, broadened the scope and it became pretty obviously, fairly soon that this was gonna transform how businesses and people interacted.
- 2:48Um, but it was, uh, it was a slow process.
- 2:50It wasn't obvious from the very beginning.
- 2:52Now, were you, did you have cap and crunch at home?
- 2:55I would have borrowed your whistle if so, but in any case, we'll leave that one unexplored for now.
- 3:05So let's bring you to the, to the present day.
- 3:08Um, and, uh, pixel health.
- 3:10Now, I think, first of all, pixel is a very interesting name for a company and you have some.
- 3:15imagery about pixels building a larger mosaic.
- 3:19Can you talk about that symbolism?
- 3:21Correct.
- 3:21And by the way, that's a great tie into your previous, you know, our conversation two seconds ago about how all of this, you know, kind of began and grew.
- 3:30Solutions are really rarely a unitary thing.
- 3:33There's rarely a magic bullet.
- 3:35The solution is really based on what every when you look at it, relatively simple components and how they interact.
- 3:42So, you know, That's what we mean by Pixel.
- 3:45We are a collection of capabilities and relationships that when taken together the right way, actively create solutions.
- 3:53And it appears that the structure of the company is multiple consultancies, if I've understood that right.
- 3:59Can you say how those fit together and why not just one unified entity?
- 4:05Sure.
- 4:07It started out, we started out after the One of the first companies I ever created was called FC .com, Feld Computing, and this was where I got a lot of my internet understanding and everything.
- 4:17I ended up selling that company in 2002, a large CLEC, at that point, kind of a new kind of phone company, and then created a company called Layer8, which was also sort of engineering around technology and telecommunications.
- 4:36From that, We just expanded into various parts of technologies.
- 4:42We still weren't related to healthcare, but we were doing things like setting up networks for large corporations, helping phone companies like at that time, Dell Atlantic and eventually Verizon with customer support and engineering issues.
- 4:56And we continued to grow.
- 4:58Around 2010, we encountered our first hospital and this was through a phone company relationship.
- 5:06And we realized that healthcare could really use a lot of our services and we were just entranced by it.
- 5:11By that time, we were like six people in the company.
- 5:13We were a very small firm.
- 5:15We changed our name due to a trademark fight with another layer eight and lost and became Vertitech IT.
- 5:24We grew with a number of hospitals.
- 5:27And along the way, we started doing more consulting.
- 5:29We started bringing on more than engineers.
- 5:31We had people that understood clinical workflows and some of the more specific non -technical parts of healthcare.
- 5:38We then began to acquire very small firms, a small consulting firm, a Microsoft specialist development firm, and so on.
- 5:48So we began to grow into these little tiny companies, all sort of focusing on general technology and specifically healthcare.
- 5:56about a year or two before the pandemic, we recombined all of that into Pixel Health.
- 6:05So for those who are interested in a corporate issue, there's something called GPMF Holdings, which owns all those little pieces.
- 6:12Those were all combined into one and a brand name for marketing purposes called Pixel Health was created.
- 6:17So we now have a broad capability.
- 6:20We can consult, we have an MSP, we sell product, we can do product creation.
- 6:25We do a whole range of services, but that's all now under the brand Pixel Health.
- 6:30Got it.
- 6:31You know what you're saying at the start of that answer there with the, the Selex that goes way back.
- 6:34There's the competitive local exchange carriers.
- 6:36If I remember that correctly.
- 6:38And, you know, a lot you think about how computing and communication started, it was very much sort of top down national monopolies, you know, with Ma Bell and IBM and, and part of the deregulation, I think is what led to, you know, some of this eventual.
- 6:53innovation and opportunities to do the things that you've done.
- 6:58Interesting point about that.
- 7:01The way we operate now is literally the opposite of that.
- 7:03We go bottom up.
- 7:05That top down control of that industry is really actually not possible in healthcare.
- 7:11One of the unique things about our company, and this extends to pretty much anybody doing healthcare right now, Healthcare is not a hierarchically, vertically oriented industry where you have top leaders and then kind of everybody below that.
- 7:23It's really a group of highly parochial elements across the country.
- 7:29And so if you're going to make change on a large scale that crosses those boundaries, it really has to be from the bottom up.
- 7:35You can't dictate a top down approach.
- 7:38That's why healthcare, I think one of the reasons why it's so hard to change because people have been applying this top down methodology to what really is a much looser confederation of organizations and therefore you need bottom up forces at each one of them all tied to a theme to move things forward.
- 7:55So it's a very different approach.
- 7:57You know, people that are not so familiar with the intricacies of healthcare, but look at it and say, well, you know, it's very slow to adopt technology and information technology.
- 8:07And you can see that at kind of the institutional level, but then you think, well, like the individual physicians that people that I know, like they're.
- 8:13you know, leading edge in terms of some of the early adopters of iPhones and sort of bring your own device and all that.
- 8:18And so I think it's maybe the combination of top down.
- 8:20It's been very, you know, very slow.
- 8:23And at the other side of it, you've got what you may call, you know, whether that's the parochial folks or just people that are, you know, they're doing an experiment and kind of on their own and there's a bit of a clash.
- 8:33Very, very, very astute.
- 8:35That is we think at the core of a lot of, um, issues around adoption, innovation, exactly what you just said.
- 8:44We find that individuals that we deal with, both in the IT and technology departments and the clinical folks, on a personal basis, very ready and interested in change.
- 8:54But that collective change doesn't necessarily work properly through the organization to the top.
- 8:59And I think that is because healthcare doesn't really work like in a highly accountable, a shareholder driven, a pyramidal sort of organization that many corporations are.
- 9:09in other industries, healthcare is very different.
- 9:11It's almost more like a municipality.
- 9:13It's a very different operation.
- 9:16So exactly what you said, that's very true.
- 9:18That's something that we think we have a kind of a unique way of dealing with.
- 9:22Got it.
- 9:23So if we step back and think about, you know, just sort of current challenges in healthcare broadly, how much of a role does technology play in addressing them?
- 9:31Because it's not normally what we hear about.
- 9:32It's normally, you know, is the Congress going to pass a certain law or drug companies going to do a certain thing?
- 9:38But what are the challenges and how much can technology help?
- 9:43Yeah, technology has an enormous role, but it's not universally applied.
- 9:51It's patchy.
- 9:53There are parts of technology that are pushed from the top down.
- 9:56Things like the government does this, the drive for EMR adoption for Epic and those kinds of things, electronic prescribing, all of those things are definitely pressures.
- 10:06from the top down.
- 10:09But much of the technology adoption is really way down in the weeds.
- 10:15It's creating linkages between systems.
- 10:19Many hospitals are really, if you look at them from a technology stack position, an enormous collection of somewhat connected platforms.
- 10:27There is definitely a theme.
- 10:29They all point to, let's say, the record system like Epic.
- 10:33But they're very different.
- 10:35The radiology, hacks type things, the laboratory things, the general business elements, there are enormous numbers of components and they don't all get adopted or supported or integrated properly or well.
- 10:48And it's not an indictment on the institutions.
- 10:50It's just a very, very hard thing to do.
- 10:54So yes, technology is an enormous component of healthcare, but it's not nearly as efficient or effective as it should be.
- 11:03So let's talk about maybe the pinnacle of the complexity and tradition and all that, which is Boston Children's Hospital, which also historically known as the Children's Hospital.
- 11:12Yes.
- 11:12How did you get involved there?
- 11:15Well, the the CIO of that hospital worked with us at some other hospitals in prior engagements.
- 11:22We tend to as a company, we've never lost a hospital.
- 11:25Every hospital that's ever worked with us is still a client.
- 11:28And there's a certain amount of fluidity amongst chief information officers among hospitals.
- 11:35So we tend to follow along with them.
- 11:37And when the CIO, a woman named Heather Nelson was hired by Boston Children's, we were directly involved.
- 11:47Her mission was to transform, frankly, to address many things we're talking about here, to address the adoption issue, to organize the technology, to bring Boston Children's technology and systems up to the excellence of their...
- 12:01their clinical operations, which are worldwide known.
- 12:04So I'm not explaining all the TLA three-letter acronyms that you're throwing up, but I have to say CIO has two meetings.
- 12:10It stands for Chief Information Officer and also used to stand for career is over.
- 12:15And maybe that's what you're describing in terms of the fluidity of the CIO role.
- 12:22In that case, let's just say that some CIOs go through the CIO process to become another CIO.
- 12:29Got it.
- 12:29Got it.
- 12:30Fair enough.
- 12:31So with Boston Children's, I mean, what makes them unique as an organization and in what ways are they similar to everyone else?
- 12:38Yeah, well, they are similar first, they're a hospital.
- 12:41So, you know, they're dealing with disease conditions, they're dealing with, you know, all of the diabetes is diabetes.
- 12:47Yes, there's different cases, children, pediatric diabetes is different than let's say adult diabetes, but there are enough similarities in what any hospital does that there's, you know, broad linkage between them.
- 13:00But when you specialize, whether you specialize on a particular type of patient or a particular set of diseases, obviously, you develop specialties and some of those specialties deviate from the norm across other hospitals.
- 13:14So in that sense, obviously being a pediatric facility, Boston Children's focuses deeply in areas that a general hospital won't do.
- 13:22Matter of fact, many general hospitals, many of our clients feed their more complicated, difficult cases, pediatric cases to places like Boston Children's.
- 13:31And how has children's traditionally approached technology?
- 13:35Well, first of all, like many hospitals, there's similar problems.
- 13:39Like we mentioned earlier about the difference between adoption at an individual level or as a corporate level.
- 13:46But there are a couple of differences to Boston Children's and many of our other clients.
- 13:50One is it's a very heavy research institute.
- 13:52So there's a great deal of activity in researching various diseases and cures and whatnot.
- 13:59And therefore, technology really is done differently there.
- 14:03There is the use of technology for the provision of medicine.
- 14:07And then there's technology for research.
- 14:10Now, the technology on the research side is quite a bit different.
- 14:13It's certainly much more data -driven itself, because that's the coin of the realm is the data.
- 14:19And the research systems there are many different projects.
- 14:24And each project may have specific technical needs that really aren't shared by others.
- 14:29So you can look at Boston Children's as yes, a hospital, some basic technologies, but then these little offshoots of very unique technical requirements that are not common in other hospitals.
- 14:41So, you know, Children's has always tried to do things themselves when needed, whether it's technology or something else.
- 14:47So if you wander into Children's, you'll see pictures of cows grazing outside of Children's from 100 years ago.
- 14:54Yes.
- 14:54And a lot of people think that's because I was very agricultural in Boston at that time, which is not the case.
- 14:59And it's because tainted milk was a real issue.
- 15:01And that's why kids were getting the hospital.
- 15:03So they had their own cows so they could have untainted milk there.
- 15:06So I think some of that culture has actually continued to say, I got to build something special for my patients here, whether it's technology or a cow.
- 15:13That's right.
- 15:14Vertical integration is a part of the DNA of that hospital.
- 15:18They want to master really all of the components necessary to achieve success.
- 15:24And power to them, that's a very noble and appropriate goal.
- 15:28So you mentioned, of course, the CIO that you already had a relationship with and moved over to Boston Children's.
- 15:34What were the specific challenges she was trying to address as she came in that she felt that needed to turn to Pixel Health for help on?
- 15:41Sure.
- 15:42Like many institutions, let's kind of break that question into two parts.
- 15:45One, the parts of Boston Children's that are like other hospitals, and then the parts that are kind of unique to them.
- 15:50On the former, like many hospitals, they have a lot of what's called technological debt.
- 15:55These are older systems that are very expensive to maintain, are limited, don't integrate with modern systems very well.
- 16:02And like I said, this is not an indictment of any one institution.
- 16:05This is just a general condition out there.
- 16:07So she was tasked really with number one to address that.
- 16:13Any money that that hospital spends on technology that is not directly related to the benefit, and efficiently related to the benefit of the clients is money that could be better spent.
- 16:25At the end of the day, they're about curing children.
- 16:30So making IT efficient, using the right technologies, modernizing it, integrate it, those were her requirements.
- 16:38Technical debt was a major component of it.
- 16:40Another one was how do you decide where cloud technology, AI, there's a whole range of, call it buzzwords in tech.
- 16:49technology in general and in healthcare in specific.
- 16:53And she needs to chart Boston Children's way through those, which is precisely what she's doing.
- 17:01On the more specific part of Boston Children's, and this is where I'm sure we'll get into the discussion of 5G and some of the cool things that she's doing.
- 17:11Boston Children's provides, if you will, services and interactions well beyond the four walls of their hospital.
- 17:17So there have to be ways to get their clinical operations, their services, their communications, their operations outside of their buildings into other institutions that they share with like Dana Farber or something in another country.
- 17:29So building a network, a security environment, an operating environment that's not geographically or physically constrained was another major goal of hers.
- 17:39Great.
- 17:40So let's jump into 5G in a minute, but I want to start first with the question.
- 17:45about how this relates to what many hospitals are doing, including Boston Children's, which is to say, electronic medical record is very central and let's move to Epic, as I believe that they're on that.
- 17:56Yes, they're moving to it now, correct.
- 17:58Got it.
- 17:59Okay, so let's talk about 5G.
- 18:01That's not a three letter, right?
- 18:02That's just one number and one letter, but one of each.
- 18:07So what is the promise of 5G in healthcare?
- 18:12Okay, I need to step back a little bit because I got to put some context into this.
- 18:18The real issue in healthcare is mobility.
- 18:21That's the, if you want to, if you try to figure out what is the driving force that is moving some of this most advanced networking, which includes 5G, it's actually the mobility of operations.
- 18:32When a patient is in a hospital, especially with a child, there's a care team, there's a whole range of people that are providing services, different specialists, you know, nurses, whatever.
- 18:42And on top of that, there's all this automation.
- 18:45There's things that are taking vitals, there's alarms, there's telemetry.
- 18:49All of this information has to move and effectively be shared between these people in real time, regardless of where they are.
- 18:56So the basic need for networking there has to have the guarantee of if I send the signal to something, it gets there exactly when it should, unmolested.
- 19:07If I need to add five different things ad hoc into some sort of group, I got to be able to do that and my technology has to do that no matter where they are in the hospital, in the stairway, in the elevator, down the hall, walking on, they're in New York City at a conference, whatever.
- 19:24All of these things are kind of the, that's where medicine is moving to.
- 19:28So that's really at the fund, that's the driver, if you will, the primary driver for something like 5G.
- 19:34Now we need to also separate what most hospitals, consider mobility solutions.
- 19:40Most of them use Wi -Fi.
- 19:42And that's common.
- 19:42That's been around forever.
- 19:44Wi -Fi was never designed for mobility.
- 19:46So as hospitals have more and more mobile cases and things moving around and people moving around, they tend to push the Wi-Fi architecture past what its real design limits are.
- 19:58It has nothing to do with the manufacturers, the CISCOs, the Arubas, the guys who make this stuff.
- 20:02They all have the same problems.
- 20:03It's not their fault.
- 20:04It's the nature of the technology.
- 20:07Wi -Fi has been improving.
- 20:08and adding between Wi -Fi 6, Wi -Fi 5, 7, all these numbers you hear, they're trying to add mobility.
- 20:14But the foundation, the way Wi -Fi works actually limits what it can do mobility.
- 20:21Now cellular services have been the opposite of that.
- 20:23Since cell phones ever were invented, the concept was the phone's going to be moving around.
- 20:28So a concept of location and mobility was built into the architecture of cell coverage from its initial design.
- 20:36So as cell phone technology increased and developed, its ability to handle more complicated communications, larger bandwidths, lower latency, these are critical elements.
- 20:46There came a point, 5G is that point, where all of a sudden those abilities are now well developed and can be applied to this need that hospitals have.
- 20:57So that's really the, that's kind of the most basic reason why this is happening.
- 21:02And it's not just the Boston Children's.
- 21:04many of our clients are in the process of reviewing these technologies as well.
- 21:08Got it.
- 21:08Okay, so I heard about, you know, I've been hearing about 5G for a while.
- 21:13I think I heard first hospital I heard about really implementing a network was Cleveland Clinic.
- 21:19Cleveland.
- 21:19I don't if that was you.
- 21:20Little different.
- 21:20Yeah, 5G.
- 21:22But now I hear you talking about also...
- 21:25hybrid 5G network.
- 21:26So can you add on what is hybrid?
- 21:29I think people know about hybrid like Prius or coming into work half the time and not, but what is a hybrid 5G network?
- 21:35And why would you want that?
- 21:36Okay, so let's step back a little and just put some definition in terms around 5G, because then it'll make this a lot easier.
- 21:42Great.
- 21:425G is basically the collected technology of this cellular location, all the kinds of things I just said.
- 21:51Now, how you deploy it determines, whether it's hybrid or not.
- 21:55For example, first of all, there's a frequency, a specific frequency that all these devices use.
- 22:01Now that frequency can either be something private that you can use within a building like Wi -Fi is a private frequency.
- 22:07You can't do Wi -Fi in the middle of the street.
- 22:10You'll get into trouble with the FCC.
- 22:14And there are cellular technologies that are private.
- 22:17And one of those, you may run this term called CBRS.
- 22:21It's basically a private version of this 5G technology.
- 22:25To be hybrid really means to say that what happens in your building, the 5G's you put in your building and the 5G that's out there in the wild are a continuous thing.
- 22:35So a network transmission communication that begins in a hallway A and B in your building and that one guy gets in a cab and goes to the airport, that communication can continue uninterrupted without any special technology.
- 22:47To do that, You have to have a 5G implementation in your building and you have to have a 5G implementation in the world.
- 22:54Now, we used T -Mobile for this particular customer.
- 22:57So T -Mobile's world system, if you will, we'll call it the system out in the wild, was extended in a hybrid fashion into the buildings.
- 23:07That's the difference.
- 23:08You could have created two completely isolated 5G platforms and then you would have needed to bridge across them.
- 23:13It's the fact that it's all under one system and controlled by, in this case, DeMobile, is what makes it hybrid.
- 23:19And does it extend to a patient being discharged and being in their home?
- 23:24Yes.
- 23:25That's exactly so.
- 23:27So following what you just said, imagine a situation.
- 23:30And I'm making this up.
- 23:31A patient has some disease.
- 23:32And with the disease comes a device that's connected to the patient that needs to be monitored.
- 23:38Now, if that's a life -critical type device, getting to that device anytime, anywhere under any condition becomes essential.
- 23:46If you were to do this with the internet and VPNs and the home internet linking to the hospital, there's all sorts of unknowns there.
- 23:54The system could fail and you would never be able to monitor it.
- 23:59And both the FDA and the FCC in some cases have rules and limits around these kinds of technologies.
- 24:05If you're going to monitor and work with these mission critical things, the network must support that.
- 24:11So in this case, if I build a hybrid 5G network and I have systems, including Epic and all the technology around it, Epic, that big record system in the hospital, all connected to the 5G network, and then I have a device or a handheld or something that goes out of the four walls to the person's home, but it's on the same hybrid network, it's communicating back to the hospital as if it was in the hospital.
- 24:34None of the machinery is aware that it's not in there.
- 24:38That's one of the key drivers of this kind of a network.
- 24:42Got it.
- 24:42I remember maybe two or three years ago before 5G was widely deployed and we're speculating about some of the reasons that might make a difference in healthcare.
- 24:50And if I'm remembering correctly, one of the big differences between 5G and 4G was much lower latency.
- 24:57Yes.
- 24:57Is that a fact and has that proven to be important?
- 25:00Yes, that is.
- 25:01There's a couple of reasons why this was very difficult to do with 4G technologies.
- 25:09One was latency.
- 25:11The other was the ability to carve out a little piece of the network and say, so what, it's called network slicing, but it's a little bit more complicated than that.
- 25:19But the general concept is what T -Mobile has said to Boston Children is, here is a little itty bitty piece of our entire network.
- 25:25It's yours.
- 25:27You can do what you want on it.
- 25:28We're guaranteeing.
- 25:30a certain amount of communication and control in that little area.
- 25:33We're encrypting everything.
- 25:34It never touches the internet.
- 25:36It's all your little network.
- 25:38That was basically impossible in 4G.
- 25:41There was no way to separate out the communal network into these specialized little chunks.
- 25:47That's built into the 5G capability.
- 25:50Got it.
- 25:51Now, privacy and security are certainly very important in health care, and especially when you're dealing with pediatrics.
- 25:55Can you contrast maybe a hybrid 5G network compared to Wi -Fi?
- 25:59Sure, absolutely.
- 26:01The good news is there is some similarity on the security.
- 26:04The best way to look at security rather than compare 5G to Wi -Fi is to say internet versus non -internet.
- 26:13Inside a hospital, security is maintained when talking between things in a hospital because those things have built in, if you will, encryption and security methods between them.
- 26:23Not a lot of intervening equipment is required.
- 26:26So for example, you know, when you're on a desktop in a patient's room recording some epic stuff, the operating system, the settings of the software inside the desktop assure that what the desktop data it's creating is encrypted and heading back to the data center in the hospital in the basement, where other stuff understands that equipment and then sends it back the other way.
- 26:49So in other words, there's an automatic safety, if you will, of encryption and security in the hospital simply because it's localized technology.
- 26:59The internet is non -secure by definition.
- 27:02If you want to use the internet to talk securely to something somewhere else, you must provide that level of security.
- 27:08You must have equipment on both sides.
- 27:10It must be set up right and whatnot.
- 27:13So in the sense that Wi -Fi is inside a hospital, it is essentially as secure as anything else.
- 27:19When 5G is inside a hospital, it's inside a hospital in the same sense that Wi -Fi is.
- 27:24There's little antennas in the ceiling that do Wi -Fi and other antennas that do 5G.
- 27:29When you're at the house and you're using T -Mobiles or any carrier's 5G network on your cell phone, that antenna on a pole somewhere is no different than the antenna in the hospital.
- 27:41So in that sense, they're functionally equivalent.
- 27:44So Wi -Fi to Wi -Fi within a building is equivalent to 5G to 5G in or outside the building if you build these hybrid networks.
- 27:53Does that answer it?
- 27:54Got it, yeah, well it's always a little more complicated than that, but so what about if a patient is using WiFi in their house as opposed to a 5G device?
- 28:02That may be secure, but that WiFi in their house must go through the internet.
- 28:07There is no connection between the house that is similar as in the hospital.
- 28:13Both the house and the hospital can have an internet connection, but as we said earlier, that internet connection itself is insecure.
- 28:20You must apply security over it, both at the house, with firewalls and VPN software and at the hospital with firewalls and VPN software.
- 28:28And unless you do it all right, it's not gonna be secure.
- 28:31And then even if you do it right, what you mentioned earlier, latency and other issues come into play.
- 28:38So Wi -Fi doesn't really deal with the latency.
- 28:41It doesn't, in an internet context, help the security component.
- 28:47What 5G does is it includes it by its nature, takes care of the latency and all those issues.
- 28:53And because it's a continuous technology between the hospital and the endpoint, there's no additional need for security.
- 28:59The security is inherently in the system.
- 29:02Got it.
- 29:03So we talked earlier about how the hospital has to be careful about what they're spending and where the funds are going.
- 29:09What is the overall magnitude of financial investment in an initiative like this?
- 29:13And how do they measure whether they're getting value out of it?
- 29:16It's first of all, it's very significant.
- 29:17This is not for the faint of heart.
- 29:20While I can't share the financial facts for Boston Children's, because it's inappropriate, what I can say, it is a multi -million dollar large scale commitment.
- 29:30Now, this goes back to our earliest conversation about like, what's different about healthcare, the fact that it's this disorganized kind of group of separate entities and there's the top down, all of that, that plays here because, While healthcare has to cover ROI, return on investment, value for the money spent, those are all real.
- 29:51But there are other, almost more important variables that drive very expensive decisions.
- 29:56And those are basically clinical outcomes, the patient outcomes, and clinician satisfaction.
- 30:02There's a lot of burnout between doctors and nurses, a lot of dissatisfaction in just the production of medicine.
- 30:08And technologies and systems that alleviate that are worth massive amounts to a hospital.
- 30:13So in the case of Boston Children's, we'll just call it X what they spent.
- 30:18They created a five -year agreement with T-Mobile for X dollars.
- 30:23Only a small portion of that X dollars actually saved traditional money.
- 30:28Like if we do this, we don't have to spend that.
- 30:30If we take the $10 from there and move it over to here, it'll only be $8.
- 30:34Only a small portion was that.
- 30:36However, because Boston Children's wanted to make sure that their internal communications were perfect, no matter where people were, moving and that was causing problems.
- 30:44There's a lot alerting telemetry issues that weren't working as well as they should.
- 30:48They needed to be fixed.
- 30:50So these elements that deal with patient safety, patient outcome, clinician satisfaction were probably a larger set of drivers than simply purely monetary functions.
- 31:01But when we added them all together, the net result justified the expense.
- 31:06This has been a very helpful explanation of the children's situation hybrid 5G networks.
- 31:12I want to end by asking you to look ahead a little bit and ask you what comes next for the industry and for Pixel Health as it relates to technology.
- 31:23Well, I think the industry is basically the continuation of the current trends.
- 31:26And I mentioned mobility as a huge driver.
- 31:30Whatever comes next, 6G, whatever it's going to be called, is certainly going to focus on interoperability between systems and carriers and entities.
- 31:41It's going to push bandwidth.
- 31:43Basically, things like AI, the ability to make decisions on huge data sets where those data sets are not necessarily all in one place.
- 31:51All of these issues are going to drive that mobility and its capabilities.
- 31:55So that's a big thing.
- 31:57That's going to push a lot of health care.
- 31:59You're going to see health care expand well beyond the four walls of a hospital.
- 32:03You're seeing ERGY centers.
- 32:04You're seeing CVS and these other places do health care more than just drugs and products.
- 32:09That's gonna continue, healthcare will move into your house, into your business, everywhere.
- 32:14So the technologies that facilitate that are going to drive and we're going to be at the front end of that.
- 32:19We want to take the T -Mobiles of this world, the epics of this world, our hospital clients, we have about 100 hospitals or so that we work with.
- 32:26All of these entities, we wanna be at the forefront of how these technologies are implemented to increase basically patient outcomes, clinician satisfaction.
- 32:36If we can move the needle.
- 32:37on those two things, if we and all of these technology partners can move the needle, you will see healthcare become less expensive, more efficient, just plain better.
- 32:48Well, that's it for the latest episode of Care Talk Executive Feature Series.
- 32:52I'm David Williams, president of Health Business Group.
- 32:54My guest today is Michael Feld, founder and CEO of Pixel Health.
- 32:58If you've enjoyed the show, please leave a rating and subscribe on your favorite service.
- 33:03Michael, thank you.
- 33:04Thank you.