#MEDA Conference, COLLEGE PARK, MD: kloudtrack®, a leader in cybersecurity and cloud computing (cyber|cloud) technologies and solutions for sensitive data and process management, announced a teaming relationship with the University of Maryland’s Center for Health Information and Decision Systems (CHIDS) and Cisco Systems (NASDAQ: CSCO) to establish the first Innovation Sandbox™ for healthcare, medical and life science (HealthTech) organizations.
The HealthTech Innovation Sandbox caters to the innovation, workforce/economic development, and technology road-mapping needs of public and private sectors.
The press conference was held during the Maryland Economic Development Association (MEDA) Conference at the Riggs Alumni Center on the main campus of the University of Maryland, Prince George’s County. The theme for this year’s MEDA Summer Conference is Health Innovations: Impact on Economic and Workforce Development.
The HealthTech Innovation Sandbox, which will be available via both physical and virtual data hosting platforms, is being developed jointly by kloudtrack and Cisco in partnership with UMD’s CHIDS program. CHIDS is an academic research center located within the Robert H. Smith School of Business. This Innovation Sandbox will allow healthcare, medical and life science organizations to test, research, teach and learn a variety of innovative technologies and/or methodologies in a proof-of-concept “sandbox” environment.
As with all Innovation Sandbox environments, the HealthTech sandbox will be provisioned in-tandem with selected vendor partners that offer tech solutions in a variety of innovation categories (including):
“Healthcare as an industry has developed over the past 100 years to become perhaps the most pervasive citizen service in most developed countries,” stated Kenyon Crowley, Deputy Director for CHIDS at the University of Maryland. “During that same period innovations and technical advances have often outpaced the sector’s ability to efficiently implement and integrate these technologies across this complex sector. The Innovation Sandbox offers a low-cost | low-risk approach that allows practitioners and health stakeholders from any specialty area to test new innovations against key bottom-line and patient care objectives while fostering a learning community,” added Crowley.
Now, more than ever, the driving factors behind IT deployments have become more economic than technical. The advent of innovations such as cloud, virtualization and mobility mean the vendor landscape is much more diverse and nimble.
“The economic drivers around innovations – particularly IT – afford practitioners a rare opportunity to consider best-of-breed offerings when considering and procuring IT,” stated Michael P. Binko, president | CEO of kloudtrack®. “Furthermore, with incentives such as the HITECH Act and increased regulatory enforcements, healthcare/medical/life sciences organizations must now be keenly in tune with patient care outcomes as they are now the primary driver for reimbursement. The vendors recruited for the HealthTech Innovation Sandbox are all proven leaders addressing industry requirements such as interoperability standards and cybersecurity certifications,” added Binko.
The Innovation Sandbox environments are designed to give organizations the opportunity to test IT waters with a Start Small … and Scale™ approach. Keen sensitivity is given to limited resources and measurable results. Deployments are expected to run on sandbox systems for a period of weeks or months at small costs. During these test-bed deployments academia teams will evaluate the viability and return on investment (ROI) for selected innovations. Then, decisions can be made about contracting and scaling the deployments with a solid base of results-oriented information.
“Organizations will be able to utilize the Innovation Sandbox to test sample-sets of data, users, processes and measure value metrics against real-world use case scenarios,” stated Dan Kent, CTO-US for Public Sector, Cisco Systems. “This concept and approach is consistent with Cisco’s efforts to cultivate vendor ecosystems. With tightened budgets and a much more diverse environment of innovations available, CIOs have a rare opportunity to test the waters. These Innovation Sandbox environments offer an on-ramp to next-generation technologies that could have a dramatic impact on bottom-line results,” added Kent.
The Innovation Sandbox approach works in a wide variety of industries. As announced previously, Cisco and kloudtrack have identified the following sectors for initial Innovation Sandbox efforts:
By the end of 2014, three Innovation Sandbox environments are expected to be operational with a broad community of partner organizations serving diverse customer needs. Invited partner organizations will include academia (universities, training centers), technology/solution vendors, consulting/professional service providers, system integrators, branding/affinity sponsors, incubators/accelerators, economic development agencies (EDAs) as well as individual thought-leaders.
At this time, kloudtrack and Cisco are seeking innovation partners to jointly map sophisticated innovations and offerings to existing missions, task orders and new procurements in the industry sectors and innovation categories highlighted above. Interested parties should contact Nicholas Mumma at 240-499-3844 or email@example.com.
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Headquartered in Annapolis, MD kloudtrack® is a cybesecurity and cloud computing (Cyber|Cloud) company that integrates best-practice management with IT security and audit-trails that place a premium on monitoring users, collaborations and risks as they relate to sensitive data assets and processes. kloudtrack® is one of the first providers to address specific international, federal, state and industry-imposed governance, risk and compliance (GRC) standards in Cyber|Cloud environments across multiple vertical industries. Sectors include fin-serv (SEC/FINRA/Basel Accords/FED), health-medical (HIPAA/CCHIT/FDA-REMS) and government (FIPS/FISMA/FedRAMP), and many others. This understanding and integration of GRC factors and certifications sets kloudtrack® technologies, solutions and IP apart in the market and is now available via the Innovation Sandbox™ ecosystem. Learn more at www.kloudtrack.com.
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.
About the University of Maryland CHIDS Program
CHIDS works in collaboration with industry and government affiliates to research, analyze, and develop solutions to challenges surrounding the introduction and integration of information and decision technologies into the healthcare system. The research at CHIDS seeks to understand how digital technologies can be more effectively deployed to address outcomes such as patient safety, healthcare quality, efficiency in healthcare delivery, and a reduction in health disparities. Since its inception in 2005, CHIDS has served as a focal point for thought leadership around the topic of digitally-enabled health system transformation.