J. P. Morgan Healthcare Conference: Day 2 Highlights01.10.18
This week, thousands of healthcare executives from across the globe gathered in San Francisco for the 36th Annual J. P. Morgan Healthcare Conference.
Here are a few highlights and takeaways from Day 2.
Biden tackles cancer: Former Vice President Joe Biden was the keynote speaker during the StartUp Health Festival, which runs alongside the larger J.P. Morgan conference. The event brings together more than 2,000 entrepreneurs and innovators who focus on tackling some of the world's biggest health challenges.
Biden who lost his son, Beau, to cancer in 2015, spoke about his commitment to battling the disease across the globe.
He said researchers are making better use of data, which could help find new breakthroughs faster.
"All of this data is available to researchers around the world and has already been assessed over 80 million times," Biden said. "In just three years, we we'll be able to do a billion calculations per second. The possibilities are enormous."
He encouraged entrepreneurs and healthcare leaders to work together in removing obstacles currently found in the healthcare system.
"What are we doing? What is wrong with us? We need you. We need to break down silos."
Privileged to have seen @JoeBiden speak yesterday about #innovation in #healthcare & his very personal commitment to the #moonshot to end #Cancer @startuphealth #SUHFestival18 #startuphealth #Presidential #CancerResearch @tekMountain pic.twitter.com/coCAsiRJr4— Sean Ahlum (@seawb) January 10, 2018
Backing down on Bitcoin: During the conference on Tuesday, J.P. Morgan CEO Jamie Dimon backed away from some criticism he leveled at Bitcoin and cryptcurrencies last fall.
Back then, he even went as far to say he'd fire any J.P. Morgan traders who were found trading in Bitcoin. On Tuesday, he said he regretted calling Bitcoin a fraud, but he's still not interested in using it as an investment vehicle.
“The blockchain is real. You can have crypto dollars and yen and stuff like that,” Dimon said in an interview with FOX Business’ Maria Bartiromo. But "I'm not interested in that particular subject at all."
Here's more of his interview with Bartiromo:
What hospital CEOs are saying:
This insight comes from Andy Slavitt, the former Acting Administrator for the Centers for Medicare and Medicaid Services.
Theme from talking to hospital CEOs at #JPM18.— Andy Slavitt (@ASlavitt) January 9, 2018
Last year the focus was on adopting ACOs & urgency to cut costs and improve performance.
This year, much less certainty about value based care. Therefore less urgency to reduce costs and make transformations. More talk of mergers.
Taking a break:
Attendees relax and recharge inside the Press Club, a wine bar and lounge near the conference. Waller is hosting the space, along with Gallagher and LBMC, for invited guests to network and connect.