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Nancy Fabozzi - Analyst Profile

Principal Analyst, Connected Health
Frost & Sullivan
Healthcare

Summary

Functional Expertise

20 years of progressive experience conducting strategic market analysis of products and services across numerous global healthcare industry verticals

Industry Expertise

  • Clinical and Financial Health Information Technology
  • Medical Publishing/Information Services
  • Academic Medicine
  • Physician Practice Management/Hospital Service Line Administration
  • Pharmaceuticals and Medical Devices
  • Healthcare Consumer Products
  • Health Policy

 What I bring to the Team

Research approach focused on leveraging a broad network of healthcare thought leaders and market participants across industry, government, providers, academia, and professional organizations to provide insightful and forward-thinking perspectives on a number of complex and dynamic issues related to the digital transformation of healthcare

Career Highlights

Diverse experience working in leading global firms and prestigious academic institutions including -

  • Thomson Reuters
  • Columbia University/New York-Presbyterian Hospital
  • McKinsey & Company
  • Massachusetts General Hospital

 

Education

  • Masters of Science, Health Policy & Economics, London School of Economics, London, UK
  • Masters of Science, Library & Information Sciences, Simmons College, Boston, MA
  • Bachelor of Science, Sociology & Anthropology, Northeastern University, Boston, MA

Areas of expertise
COMPETITIVE INTELLIGENCE


Recent items from Nancy Fabozzi

Published: Sep 19 2018 Best Practices
A Look at Growth Opportunities, Leading Vendors and Market Dynamics as Healthcare Braces for the Fourth Digital Wave
This report looks broadly at the role of reality technologies in healthcare, investigating the landscape for established and emerging products and vendors; top growth opportunities for major healthcare use cases; and the potential adoption trajectory and competitive dynamics impacting the market. Virtual reality refers to an interactive, immersive, computer-generated experience that takes place within a simulated environment. Virtual reality is an umbrella term for immersive technologies that include augmented reality (AR), mixed reality (MR) and immersive reality (IR), an artificial environment that mimics the real world. We can refer to these collectively as reality technologies or we can use the term “virtual reality” to encompass all the technologies. Reality technologies are on the cusp of disrupting the human-machine interface, giving rise to an entirely new computing experience. The coming VR wave will be felt across every industry including healthcare where these technologies could experience significant growth across a wide range of use cases. Augmented reality, virtual reality, and mixed reality tools can increase the accuracy of diagnoses as well as provide operational and cost efficiencies for healthcare providers with capacity and resource limitations. Key market drivers for augmented and virtual reality in healthcare include the need to find new and improved methods of efficiently training clinicians and other healthcare professionals across institutional and geographic boundaries as well as a growing body of proof that virtual reality is an effective and highly cost-efficient. Virtual reality in healthcare can be seen as a continuation of the broader digitization of healthcare that has been disrupting the market for the past decade. The buzz around the use of VR for healthcare continues to grow louder. Clinical and therapeutic healthcare use cases for reality technologies are growing and new vendors continue to enter the market, with many focusing on designated therapeutic areas. Despite proof of efficacy, clinical VR will likely remain a slow market to evolve due to regulatory and logistic barriers. Getting the healthcare VR adoption needle to move will be a slow process, but it will happen. The next five years will see a considerable uptick in the percent of clinicians that will be willing to experiment with VR applications. To successfully benefit from these new technologies, healthcare organizations and providers must clearly understand how new VR tech fits in with the regulatory and reimbursement environment they live in—how it supports broader clinical programs and organizational goals and where the long-term value and ROI lie.
Published: Sep 18 2018 Other
A Renewed Focus on Data Interoperability and EHR Usability as Healthcare Heads into Peak Digital Transformation
The annual HIMSS (Health Information Management Systems Society) conference is the key event for the health IT industry, providing a comprehensive overview of the state of the market from the perspective of various stakeholders, including health IT vendors, healthcare payers and providers, and government regulators. HIMSS18 was held in March 2018. Frost & Sullivan was in attendance and presents a high-level summary of the event and our take on how trends seen at the conference will impact healthcare and health IT markets in the coming months and years ahead. Key discussion points include an analysis of where CMS will focus for 2018 particularly with regard to Meaningful Use and MACRA; the need to aggressively improve data interoperability; growing concerns about EHR usability and physician burnout; and how large ICT vendors are reshaping healthcare and health IT. In contrast to HIMSS17, this year’s conference saw many new health IT-related announcements from government agencies delivered by Centers for Medicare and Medicaid Services (CMS) Administrator Seema Verma, Jared Kushner, Director of The White House Office of American Innovation and senior advisor to the President, and Veterans Affairs (VA) Secretary David Shulkin, a holdover from the Obama administration. At HIMSS 18, the government unveiled its new plans to promoting interoperability, eliminating data blocking, empowering patients and consumers, and getting data to flow to enable value-based care and healthcare transformation. As part of the annual HIMSS Leadership Survey this year, the top three areas of focus for provider organizations are patient safety, cybersecurity, and process improvement. Also making the top ten was leadership, governance, and strategic planning—certainly critical areas of focus in these times of highly disruptive market changes. Healthcare is facing profound disruption driven by a confluence of factors—the playing field and the rules of the game are shifting dramatically. This situation offers tremendous opportunities and challenges for the health IT industry. For the past several years, a big chunk of the market has been focused on rolling out EHRs and related solutions in compliance with HITECH and MU directives. In addition, new financial and billing solutions were needed to upgrade for the transition to ICD-10. Today, ICD-10 is in place, the MU era is coming to an end, and we’re all a bit uncertain about the exact direction forward. Hospitals and physicians have spent millions of dollars on new core EHR and revenue cycle management (RCM) deployments and have also spent a lot of money on a plethora of bolt on solutions designed to get these solutions to do more for data analysis, population health, care management, patient engagement, and other functions. What has become abundantly clear in this environment is that a lot of the new tech isn’t living up to expectations or delivering value. Providers are frustrated, end users are exasperated and, often, exhausted. Core health IT usability and functionality must improve and everyone knows it. What we saw at HIMSS18 gives new hope that help is on the way from both legacy health IT vendors and new entrants to the market, particularly among the large information technology conglomerates whose interest in healthcare is accelerating. Our research further highlights Frost & Sullivan analyst perspectives on the major trends in health IT, areas of opportunity and what that means for vendors, providers, payers and other stakeholders. We also showcase views on select vendor announcements and news surrounding HIMSS, as well as perspectives on what is in store for health IT in 2018. Companies mentioned Allscripts, Amazon, Apple, athenahealth, Cerner, eClinicalWorks, Epic, Google, Healthfinch, Human API, IBM, Medcrypt, Meditech, Microsoft, NoteSwift,Nuance, Optum, Salesforce, Surescripts, Uber
Published: Apr 18 2018 Other
Published: Mar 27 2018 Market Insights
Healthcare Shifts to a Data-Driven Strategic Approach to Managing Labor
Hospitals often face an intricate balancing act in delivering the right clinical, operational and administrative mix of employees to achieve multiple goals and needs of the enterprise. Connecting all the dots for proactive and on-budget workforce strategic planning is almost impossible to achieve with paper-based systems given the increasing amount and type of data inputs needed. Automation is thus essential for smart, data-driven workforce management. As with other industries undergoing significant disruption and transformation, IT plays an essential role in helping healthcare organizations streamline and optimize operations, including workforce management. Workforce management software solutions help hospitals connect limited human resources with clinical needs based on patient population demographics and patient flow. The objective of this research service is to present a comprehensive analysis of the US Hospital Workforce Management (WFM) Software market. The study describes and defines the market for various types of software applications deployed by US hospitals to manage an array of functions related to labor allocation/human resource management including staffing and scheduling; time and attendance; payroll; patient acuity; benefits administration; and personnel management. The study discusses market megatrends associated with WFM in US hospitals; reviews key factors driving hospitals to deploy and/or upgrade WFM software in response to dynamic industry shifts; outlines key challenges faced by hospitals as they shift from legacy, siloed approaches to WFM software to new data-driven, integrated, cloud-based approaches; reviews key vendors that serve the industry; provides an overall outlook for future business and IT trends for hospital WFM software; and forecasts growth in spending for the hospital WFM software market for the 4-year period of 2017 to 2020. Key Questions This Study Will Answer: What types of products comprise the US hospital WFM software market? What are the key features and functions of these products? Who are the key vendors serving this market? What are the market-shifting megatrends impacting the market for WFM software products in US hospitals? What economic, business, and technological factors are shaping disruption and change? What are the specific drivers and restraints impacting the market for WFM software deployed by US hospitals over the next 4 years? What is the 4-year spend outlook for WFM software deployed by US hospitals? What are the key competitive and growth dynamics that vendors serving the hospital WFM software market need to understand?
Published: Jul 31 2017 Market Research
A Look at Strategic Business Priorities and Technologies at a Time of Uncertainty
The annual HIMSS (Health Information Management Systems Society) conference is the key event for the health IT industry, providing a comprehensive overview of the state of the market from the perspective of various stakeholders, including health IT vendors, healthcare payers and providers, and government regulators. The topics and tone of the HIMSS annual meeting can be leveraged as a reliable harbinger for what’s in store for the health IT industry for the coming year. Frost & Sullivan was in attendance at HIMSS17 and we present a summary of highlights, opinions, and market predictions emerging from this signature industry event. This Growth Insight includes – a high-level overview of the conference, including notable announcements and vendor news 5 big themes shaping the health IT industry for 2017 our take on key market trends, enabling technologies, and select companies to watch for 2017 5 innovative technologies on the horizon that could impact healthcare
Published: Mar 29 2017 Other
eCommerce Platforms Enabling Consumer-Focused Benefit Selection
Private health insurance exchanges can be broadly defined as online gateways to health insurance, designed to provide single or multiple carrier options to consumers, setup by a private entity. The study describes and defines the market for private health insurance exchange solutions targeted towards beneficiaries of employer-sponsored health insurance; covers factors driving the adoption and deployment of these solutions in response to dynamic industry shifts; discusses key challenges impacting the market for the use of private HIX among employers; provides an overall outlook for future business and IT trends impacting the employer-sponsored private HIX market; and forecasts revenue growth and enrollment growth for the total employer-sponsored private HIX market and key market segments (active and retired employees) for the 5-year period (2016-2020). Included are profiles of 15 leading vendors serving the HIX market as well as a discussion of competitive dynamics impacting vendors today and going forward.
Published: Feb 28 2017 Market Research
The stunning outcome of the 2016 presidential election has left us long on questions and short on detail as to what this decisive win portends for healthcare markets in general and health IT specifically.
Published: Jan 02 2017 Market Insights
  Nancy Fabozzi, Principal Analyst, Digital Health The stunning outcome of the 2016 presidential election has left us long on questions and short on detail as to what this decisive win portends for healthcare markets in general and health IT specifically.  Market impact will ultimately depend on how quickly Republicans are able to enact key hea...
09 Nov 2016 Blog post
Healthcare Transformation and Industry Convergence
Digital technologies are critical enablers of healthcare transformation but organizations vary greatly in their capabilities to deliver new solutions needed to capture growing market opportunities. The imperative to rapidly bring on new IT capabilities as well as to continually adapt and innovate in a highly dynamic environment is driving a wide array of stakeholders to converge and collaborate, creating an increasingly heated healthcare deal landscape for traditional M&A, joint ventures, and new types of less formal partnerships. This market insight provides a review of recent key notable joint ventures and partnerships across five key healthcare industry segments - Payers, Providers, Pharma/Life Sciences, Medical Devices, and ICT Vendors – and includes a high-level overview of the state of healthcare industry transformation, key business and IT challenges facing stakeholders, digital health priorities, and the importance of convergence in driving digital health markets; a discussion of specific macro trends driving each market segment's business challenges and digital health priorities; and a review of key points outlining winning partnership strategies and best practices to ensure success.
Published: Nov 09 2016 Market Insights
The push to get US healthcare providers to increase their use of electronic health records, or EHRs, began with the passage of the HITECH Act in 2009 which included the CMS EHR Incentive Program.
Published: Oct 24 2016 Market Insights
Expect Not a Doctorless Future but a Future with Less Doctors While the traditional doctor-patient relationship and mode of interaction has many positive benefits, it is a highly expensive and inefficient model (at least in the US) that denies access to medical care to a large swath of the population. Why? Because a) there are not enough doctors...
11 Apr 2016 Blog post
  Truven Health Analytics may well be the jewel in the crown for IBM Watson Health Nancy Fabozzi, Principal Analyst, Connected Health 25 February 2016 The health IT industry is gearing up for its biggest event of the year next week when Las Vegas hosts the Healthcare Information and Management Systems Society (HIMSS) Annual Conference and Exh...
25 Feb 2016 Blog post
First, the bad news (and it IS bad). On April 1, 2014, President Obama signed into law the Protecting Access to Medicare Act (HR 4302). The new legislation provides a temporary (one-year) fix for the Sustainable Growth Rate (SGR) which calls for cuts in Medicare reimbursement to physicians. On March 27, a proposal to delay the start of ICD-10 to Oc...
04 Apr 2014 Blog post
The FDA Patient Network On April 23, FDA Commissioner Margaret Hamburg, M.D. announced the launch of The FDA Patient Network website in a blog post on the FDA site. Hamburg states that the “FDA Patient Network website is an interactive tool for educating patients, patient advocates, and consumers on how their medications—both prescription and over...
30 May 2013 Blog post
“Our nation cannot control runaway medical spending without fundamentally changing how physicians are paid.” The National Commission on Physician Payment Reform, March 2013 In March 2012, the Society of General Internal Medicine (SGIM) assembled an expert commission to look at ways of changing physician reimbursement in order to improve patient...
18 Mar 2013 Blog post
(Share Clip)   Confused about EMRs, EHRs, PHRs, HIE, HIO, RHIO, HL7, IDC-10, LOINC, ONC, and on and on with the alphabet soup of digital health? Here’s one great resource you’ll want to get familiar with. The U.S. National Library of Medicine (NLM) is a major participant in the development and promotion of electronic health records (EHRs) and th...
29 Jan 2013 Blog post
Findings from a recent study by the Pew Research Center reveal that thirty five percent of U.S. adults have gone online within the past twelve months to diagnose a medical condition that they, or someone else, might have. Source: Susannah Fox and Maeve Duggan. Health Online 2013, Pew Internet & American Life Project, January 15, 2013.  The study...
17 Jan 2013 Blog post
The November 2012 issue of Health Affairs takes a look at the rapidly emerging market for Accountable Care Organizations (ACOs). Among several articles about ACO’s in this month’s issue is an informative piece by Harris Meyer that provides a good overview of where things towards the end of 2012. Meyer, H. Many Accountable Care Organizations Are N...
12 Nov 2012 Blog post
The Seventh Annual National Health IT Week, sponsored by the Health Information Management Systems Society (HIMSS), the Institute for e-Health Policy, and the College of Healthcare Information Management Executives (CHIME), took place during the week of September 10, 2012. National Health IT Week features a variety of live and online events hosted...
14 Sep 2012 Blog post
Health IT Needed to Transform Patient Care The provision of health services is an exceptionally data-intensive endeavor. Of course, other industries are also very data-intensive but the health care industry has notably lagged in making use of advanced information technology (IT) solutions to manage and process vast troves of data. Health care data...
13 Aug 2012 Blog post
Summary of Supreme Court Ruling On June 28, 2012, the United States Supreme Court, in a 5-4 decision, found that the Patient Protection and Affordable Care Act’s individual mandate is a tax and thus allowable under Congress’ constitutional power to levy taxes. Under the law, most people, save those who quality for exceptions based on financial or...
13 Jul 2012 Blog post
The New York Times recently reported news of a proposed merger between two of New York City’s largest hospital systems—New York University’s Langone Medical Center, which has 1,069 beds, and Continuum Health Partners, which includes Beth Israel and two campuses of St. Luke’s-Roosevelt and has a total of 2,180 beds. (New York Hospitals Look to Combi...
18 Jun 2012 Blog post
      The CMS EHR Incentive Programs The adoption of health information technology like electronic health records (EHRs) and health information exchange (HIE) has been a top priority of the United States federal government since the administration of George W. Bush. The Obama administration has accelerated the push towards health IT with approx...
16 May 2012 Blog post

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