What if the key to lowering healthcare costs wasn’t new treatments, but smarter data? In this podcast hosted by Cognizant Sr Product Director Chenny Solaiyappan, Velox Health Metadata Founder and CEO Michael Klotz will be speaking on transforming clinical data interoperability and reducing healthcare costs. Michael shares insights from his two-decade journey in digital health, revealing how intelligent metadata automation can unlock unprecedented value in healthcare information systems.
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Show Notes
- Metadata is crucial for understanding and leveraging healthcare data effectively
- Velox Health Metadata focuses exclusively on metadata without touching PHI
- FHIR standards are transforming clinical data exchange and interoperability
- Process automation has been a consistent theme throughout Michael Klotz’s career
- Current healthcare data exchange models are inefficient and costly
- Approximately 80% of care gaps are actually data gaps, not true clinical gaps
- Standardization is key to improving healthcare data quality and usability
- AI requires high-quality, structured data to deliver meaningful insights
- Healthcare data is doubling at an unprecedented rate of every 73 days
- Reducing administrative overhead is critical to controlling healthcare costs
- Metadata can help optimize quality improvement initiatives
- Entrepreneurial success requires passion, perseverance, and clear decision-making
- Dynamic clinical data exchange is the future of healthcare information systems
- Partnerships like the one with Clinical Architecture are crucial for developing data quality standards
- Healthcare technology must balance innovation with privacy and governance
- Product managers should focus on building real value, not just financial engineering
- Continuous learning and curiosity are essential for team innovation
- The ultimate goal is creating a transparent, affordable healthcare system
- Metadata can help reduce point-to-point connections in data exchange
- Healthcare technology should prioritize patient experience and cost-effectiveness
About the speaker
Michael Klotz is a three-time digital health entrepreneur, consultant and widely recognized leader in digital quality and clinical data exchange (interoperability). He is a big advocate of standardization, streamlining and automation of healthcare processes and is passionate about making FHIR-based interoperability and digital quality measures a reality for the entire US healthcare system. He is the Founder and CEO of Velox Health Metadata, Inc., which enables the seamless exchange of standards-based clinical data securely and in real-time between healthcare stakeholders including payers, providers and patients. Michael also consults with organizations on product, platform and go-to-market strategy. In that role, he has been the leading contributor to NCQA’s Digital Quality Transition Playbook since 2021. Michael has been in Healthcare IT and Digital Health for over 15 years. In 2011, he founded Health Data Vision (now Reveleer), the first true SaaS platform company that streamlined and automated medical records reviews for quality reporting and risk adjustment use cases. Before getting involved in healthcare IT, Michael worked as a consultant implementing large enterprise systems. In 2002 he founded a software consultancy focused on business process automation and business intelligence, which he sold in 2008. During that time, he also worked closely with Microsoft product divisions as an advisor. Michael holds a degree in Electrical Engineering from his native Austria and a business degree from the University of Southern California.
About the host
Chenny Solaiyappan is the Director of Product Management for Cognizant Trizetto's Government and Quality Solutions, and a founding member of the ClaimSphere suite of products, encompassing quality, HEDIS ®, CMS Stars, and clinical solutions. An accomplished Intrapreneur and Lean Startup Practitioner, he plays a pivotal role in shaping the overall product strategy and serves as the HL7 DaVinci Business Co-chair. With a notable track record, Chenny has provided consultancy to over 30 health plans across the nation, consistently raising Quality and Star ratings in Medicaid, Medicare, Federal Employees Health Plan, and Commercial health plan sectors, collectively supporting 30 million lives. His outstanding leadership and innovative contributions have earned him prestigious awards, including the 2023 Top 20 Global Product Manager Award by Products That Count, as well as the 2021 and 2019 Product of the Year awards by Cognizant Trizetto.