How Will Recent Regulations Affect South Florida’s Healthcare Industry?

South Florida healthcare executives gathered this week for an exclusive power lunch with Tom Hudson, to address the question: Recent regulations are likely to affect my segment of the South Florida healthcare industry by ____________________.

Participants gathered at the UM Life Sciences and Technology Park to share their thoughts with broadcaster Tom Hudson, host of the new WLRN radio program The Sunshine Economy, made possible by Kaufman Rossin

Guests shared their views about a variety of regulatory changes, including enhanced regulation around privacy.  Aldo Leiva and Jorge Rey spoke about the impact of the new Omnibus Rule, which significantly expands the types of entities required to protect patient privacy and the non-compliance penalties under the Health Insurance Portability and Accountability Act of 1996 (HIPAA).   Mitch Levine of Quality Technology Services suggested that outsourcing to an organization like his might protect some entities from the cost and liability of the rule.

A number of healthcare technology executives attended, including Robert Chavez from Project Lift Miami, a new, digital health-focused, startup seed accelerator at Life Science Park.  The exciting and innovative technologies showcased offered luncheon participants a peek at the future of healthcare, and a discussion about research and development tax credits intrigued several participants.

One hot topic was attorney Marshall Burack’s question of whether improved technology would increase the cost of healthcare, rather than “bend the cost curve” and decrease costs.  Some guests asked whether it will be possible to focus any of South Florida’s significant wealth on start-up businesses here in our community.  Michael Gregson, CEO of WaveFront Health Technologies opined that we should not try to be the next Silicon Valley, but develop our own unique start-up culture here.

Next week real estate executives will join us for “Kaufman, Rossin Presents: Power Lunch with Tom Hudson” as we explore how South Florida can create healthy, sustainable prosperity in the long term.