Forbes.com touts Tampa Bay area health care initiatives
Forbes.com is giving a big shout-out to efforts around the Tampa Bay area to transform health care.
Tampa is staking its claim to be the place where healthcare gets reinvented. As a byproduct, they will be one of the winners in creating jobs.
While most cities are passively leaving the “war” up to the healthcare systems in their community, Tampa has the foresight to recognize a different approach is needed. The old model of economic development for communities is to put a marketing veneer on their community and perhaps throw some tax breaks at corporations to entice them. The new model includes a recognition that all the tax breaks in the world are dwarfed by differences in healthcare value from one community to another.
After payroll, the largest cost for knowledge-based industries (i.e., those most likely to drive economic vitality) is healthcare benefit costs. Just as manufacturers shift production to low cost manufacturing centers, knowledge-based industries will be attracted to high value healthcare centers. For instance, IBM is making decisions on where to locate new technology centers based on the healthcare value equation. These decisions represent 1000′s of jobs for communities such as Tampa vying for those growth opportunities.
These local efforts, recently outlined by Tampa Hillsborough Economic Development Corp. CEO Rick Homans and USF Health CEO Dr. Stephen Klasko, involve teaming up entrepeneurs and start-ups with big players like University of South Florida Health, the Moffitt Cancer Center, USF's Center for Advanced Medical Learning and Simulation, M2Gen, Draper Laboratory, SRI International and All Children's Hospital-Johns Hopkins Medicine..
Local strategies include a focus on safety and reducing medical errors, the development of personalized medicine and molecular genomics and the expanded use of electronic health records and new medical devices.