Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Why Open Architecture Is Vital to the Health Sector

By Rex Moore - Mar 6, 2014 at 9:30AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Consumers are generating more and more lifestyle data. Getting it to health care professionals is the next big step.

For insurer UnitedHealth Group ( UNH 0.03% ), partnerships with Fitbit and other tech companies offer an opportunity to use consumer-generated data to improve health outcomes. Open architecture is a key part of this effort.

UnitedHealth Chief Consumer Officer Tom Paul sat on “The Empowered Consumer” panel at the 2014 International CES in Las Vegas, exploring how digital health can deliver practical solutions and give consumers the power of knowledge and choice. In this video, Tom talks about the importance of open architecture in health care.

A full transcript follows the video.

Tom Paul: It’s really important in the new world -- in this transformed health care world -- that open architecture, open environment, become a part of the way we do business. What that really means in that we know that we won’t be able to provide that holistic experience. We’re dependent upon partnerships, both from a health professional perspective, as we do in our networks today, but also in technology and data as well.

Our focus is really on an open environment that allows us to get that more holistic experience and integrate the data and the tools, in a way that will make it easier for the consumer to experience their health.

One good example around that is more and more consumers are wearing activity tracking devices; those that track how many steps you take, how many stairs you’re climbing, what kind of food you’re eating.

We’re now incorporating that data, partnering with those organizations -- companies like Fitbit -- incorporating their data into our consumer experience so that we get that holistic view and, in turn, give it back to the consumer.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

UnitedHealth Group Incorporated Stock Quote
UnitedHealth Group Incorporated
$444.34 (0.03%) $0.12

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/01/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.