Innovation Blooming At Point Of Care

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Roundtable launches new format for health care entrepreneurs.

Lyceum roundtables are the most unique setting I know for substantive and useful dialog

Health care is a square peg in our free-market economy's round hole: an awkward dislocation among payers, providers and consumers. Although many believe that only top-down reform at the federal level can round its edges, some argue that grassroots innovation at point of care could be just as effective, if not more so. Several of these 'fundamentalists' are business leaders already pressing forward with dramatic change.

Recently, Lyceum Associates, Inc. hosted an entrepreneur's workshop on point-of-care innovation, a first-in-series event aimed at providing peer-to-peer feedback to business leaders.

The roundtable met at the University Club in New York City on November 28, 2007, and included senior executives from the following businesses and organizations: American CareSource Holdings, Inc., Ancillary Care Management, Inc., Consortium Health Plans, Inc., CVS Caremark Corporation and its MinuteClinic subsidiary, Harmony Pharmacy & Health Center, Inc., Hospitals Without Borders, Inc., Hyde Rx, Inc., and Milliman, Inc..

"With the entrepreneurial spirit running deep among several Lyceum participants, we wanted to build an event that gives these people an opportunity to showcase their ideas among a distinguished group of peers," explained Sydney Williams, president of Lyceum Associates. "We reached across our membership to build a group that had a wealth of experience and expertise: the perfect sounding board for an entrepreneur."

Neil Rolland, vice president of payer relations at MinuteClinic and a roundtable participant, agreed: "The Lyceum forum was a great cross-section of influential, experienced leaders from innovative companies that are creating change in health care."

The day-long event featured business strategies on telemedicine, retail health clinics and technology delivery, as well as a detailed discussion on the merits of consumer-focused health care reform.

Despite significant roadblocks in regulation and provider behavior, the table was optimistic for change, and described point-of-care innovation in terms of not only virtual world opportunities through Internet-based technology, but also overseas competition -- for example, medical tourism.

"Although the provider-patient dynamic forms its core, point of care brings to bear the entire supply chain," Mr. Williams added. "As a result, any degree of innovation can have wide-ranging impact."

Over the past two and a half years, Lyceum has nurtured a cohesive network of continuous users, many of whom have formed trusted, external business relationships. As with each event and service offering, this forum also tapped into this specialized network to provide actionable insight into significant business designs.

"Lyceum roundtables are the most unique setting I know for substantive and useful dialog," stated Anthony Masso, president and chief executive officer of Consortium Health Plans. "A spin-off benefit is the networking for business synergies and deal-making that is an inevitable result in this small group setting."

Mr. Masso was among six chief executive officers who attended this roundtable.

About Lyceum Associates
Lyceum Associates (http://www.lyceumassociates.com) develops and manages information networks that connect a broad range of economic stakeholders on topics of industry and corporate transition. Members gain from uncommon access to strategic discussion and the networking opportunities that arise from this.

The Lyceum community features leading financial, corporate and industry professionals, all of whom interact as equal participants in offline and online settings. Many of the participants are current and former company founders and chief executives. Several of these individuals have contributed articles to the newsletter. This collaborative effort produces a truly customized experience.

Lyceum Associates, Inc. is a registered investment adviser.

Contact:
Sydney Williams
Lyceum Associates, Inc.
(203) 542-5208
info @ lyceumassociates.com

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