Commerce and Industry Association of New Jersey

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CIANJ President's Message

"Does the ACA Leave Space for Innovation?"

 

 

by John Galandak, June 2015 COMMERCE Magazine Column

This February marked the 53rd anniversary of John Glenn’s first manned orbital space flight, and one of NASA’s most significant contributions is the new technologies and products developed for the space program that have found their way into modern medicine.

Called “spinoffs,” these include digital imaging for breast cancer detection, laser angioplasty and medical ultrasound. In addition, implantable and external insulin pumps, which are based on technology used on the Mars Viking spacecraft, have aided insulin-dependent diabetics. These computerized pumps can infuse insulin at a pre-programmed rate, allowing more precise control of blood sugar level and eliminating the need for daily injections.

“Our quality and standard of living in this country is due, literally, to scientific advancements we got from the space program,” explains College of Aeronautics Dean Capt. Winston Scott (USN, Ret.), a former astronaut who flew on two space shuttle missions.

As the space program has inspired medicine to boldly go where no one has gone before, many experts believe that harnessing technology in the delivery of medical care will result in lower costs that can be coupled with the desired goal of expanding the accessibility of healthcare sought through the Affordable Care Act (ACA). To address the challenges presented by the ACA, CIANJ’s April Healthcare Roundtable featured a special presentation by Rep. Frank Pallone, during which he provided a unique perspective on the evolution of the law and its implementation moving forward.

He led a panel discussion of legal and industry experts that helped us to examine how the law affects health plans and coverage, while also providing insights on court decisions and possible legislative actions that could reshape the law and its scope.

The experts—Gibbons P.C. Counsel Christine Stearns, Esq., NJ Association of Health Plans Vice President Sarah M. Adelman and LeClairRyan Shareholder Neil Ekblom, Esq.—offered clear evidence that reducing healthcare costs was a focus of the ACA, but what does it mean for innovation? Will it inspire better patient care and medicines, too?

Technology will play an important role in any cost-savings initiatives, and one possible sign of progress was a recent pairing of IBM’s Watson supercomputer with some tech industry giants.

IBM is collaborating with Apple, Johnson & Johnson and Medtronic to create new health-based offerings that leverage information collected from personal health, medical and fitness devices. The results will be better insights, real-time feedback and recommendations to improve everything from personal health and wellness to acute and chronic care. These relationships are non-exclusive, and IBM anticipates many more companies to leverage the Watson Health Cloud platform.

Johnson & Johnson will collaborate with IBM to create intelligent coaching systems centered on preoperative and postoperative patient care, including joint replacement and spinal surgery. Solutions will be mobile-based, accessing the Watson Health Cloud and leveraging IBM Watson’s cognitive capabilities. Johnson & Johnson will also look to launch new health apps targeting chronic conditions, which currently cost consumers as much as 80 percent of the $7 trillion in global healthcare spending.

Medtronic will leverage the Watson Health Cloud insights platform to collaborate with IBM around delivery of new highly personalized care management solutions for people with diabetes. The solutions will receive and analyze patient information and data from various
Medtronic devices, including insulin pumps and continuous glucose monitors, and use this information to provide dynamic, personalized diabetes management strategies to patients and their providers.

While the uncertainty that has come with the ACA has been bad for business, we are nonetheless working with our members to live within its new rules, and hope that the ACA will not discourage discovery and innovation, key ingredients in the “American dream,” and the DNA of business success and economic growth.

Instead, we hope that it serves as a catalyst for reducing costs while improving patient outcomes and the overall quality of healthcare in the United States. The most likely way to accomplish this is by harnessing the power of innovation and developing medically
related applications of existing technologies.

As our nation struggles to find the dollars to continue in the entrepreneurial tradition that propelled us to the stars, CIANJ will continue to support free enterprise and business-friendly policies here on Earth, and especially in Trenton.

To view the complete June issue of COMMERCE Magazine, click here.

CIANJ on NJ Capitol Report

TV commentator Steve Adubato Jr. took his camera crews to CIANJ’s One-on-One Legislative Dinner to tape a special segment of NJ Capitol Report.

 

 

88th Annual Luncheon

October 30th, 201511:00 am | Register Now

Business 2 Business Council

Through the Business to Business Council, CIANJ is seeking to provide opportunities for small business owners and entrepreneurs to gain the contacts, knowledge, and information necessary to grow their businesses profitably. The B2B Council events will connect them to opportunities across New Jersey’s diverse business landscape.

Business Impact Group (BIG)

BIG has joined CIANJ and will be working with the Small Business Council to bring value to the small business sector within CIANJ and the New Jersey Small business community. BIG operates as a closed group within CIANJ similar to the CEO Roundtable providing an opportunity for its members to gain insights in a peer-to-peer atmosphere.

CEO Roundtable

The CEO Roundtable provides a forum for chief executive officers or business owners to seek advice and share experiences. Participants freely discuss issues they confront daily, such as compensations, financing, dealing with family members, relocations, sale of a business and many of the topics.

Environmental Business Council

Since its inception, the EBC’s mission has been to recognize the important economic role the environmental industry plays within the state, to demonstrate that environmental issues are also business issues, and to teach the business and regulatory communities that environmental responsibility and economic growth are fundamentally related

Financial Decision Makers Roundtable

CIANJ’s Financial Decision Makers Roundtable is intended for senior executives in key financial positions within their firms, as well as CIANJ members and invited guests. The purpose of this roundtable is to share critical information related to financial decision making and to allow attendees to develop professional relationships with each other. CPE credits are offered.

Generation Now: A Young Professionals Or

Generation Now is a group of young professionals in alliance with one another for the purpose of education, networking and peer-to-peer exchange leading to personal and professional growth.

Healthcare Roundtable

CIANJ’s Healthcare Roundtable is a forum for professionals who work within a spectrum of related disciplines to interact with one another by discussing critical issues that affect healthcare, as well as to facilitate the exchange of knowledge and develop relationships that enhance business

Human Resources Council

CIANJ’s Human Resource Roundtable is intended to advocate HR awareness by providing information and resources in various HR disciplines. It educates those responsible for HR in their organizations by sharing knowledge to solve common challenges. As an HRCI Approved Provider, attendees can earn continuing education credits toward PHR, SPHR, and GPHR

Manufacturing Roundtable

The Manufacturing Roundtable is intended to be a forum for professionals who work in complimentary disciplines to discuss critical issues that affect manufacturing, facilitate the exchange of knowledge, and to develop relationships that enhance business

Marketing Roundtable

Without a savvy marketing strategy, any product or service is doomed to failure. Industry leaders guide this roundtable as it helps businesses promote their brand, harness social media, and determine the best ways to identify new customers and clients

Real Property Roundtable

CIANJ’s Real Property Roundtable is intended to be a forum for professionals who work in complementary disciplines to discuss critical issues that affect real property, facilitate the exchange of knowledge, and to develop relationships that enhance business

Technology For Business Roundtable

The Technology For Business Roundtable is intended to be a forum for professionals who work in complementary disciplines to discuss critical issues that affect technology, facilitate the exchange of knowledge, and to develop relationships that enhance business.

Recent News

  • Member News-H2M Architects & Engineers

    H2M architects + engineers is pleased to announce the addition of Ray Sirois as its new Director of Information Technology. Sirois brings with him over 20 years of experience as the Information Technology Director for Wright-Pierce, a New England based engineering firm. H2M’s President and CEO, Rich Humann, commented on the new addition stating, “We’re excited to have Ray on board. Ray has the experience, perspective and vision we need to optimize our IT systems and stay on the leading edge of software available in the A/E industry.” In his new role, Mr. Sirois will work to advance the implementation of company-wide software programs, improve the efficiency and functionality of the firm’s existing technologies, and identify new and innovative ways for staff to collaborate and learn from each other through technology.

  • Member News-Valley National Bank

    Valley National Bank announced that it will be hosting its 7th annual breast cancer walk titled “Valley Goes Pink!” on Saturday, October 3rd (Rain date: Sunday, October 4th) 9:00 AM, at 1460 Valley Road in Wayne, New Jersey. The walk provides an impactful opportunity to raise money and create awareness for the Cure Breast Cancer Foundation (CBCF). The CBCF is a 501(c)3 non-profit foundation whose mission it is to raise funds to support research to find a cure for breast cancer. Thanks to this event, which has raised over $600,000 over the past 6 years, and the generous support of the Cure Breast Cancer Foundation, Dr. Norton’s research group has been able to make further progress in their mission to decipher breast cancer biology so as to produce clinically relevant results. All raised funds benefit breast cancer research at the Memorial Sloan-Kettering Cancer Center, as well as other national and international research facilities.

  • Member News-Norris McLaughlin & Marcus

    Norris McLaughlin & Marcus P.A. is proud to announce that six of its lawyers were selected by Best Lawyers as 2016 “Lawyers of the Year” in the Woodbridge, NJ area. Best Lawyers designates a select group of individuals as “Lawyers of the Year” in high-profile specialties in large legal communities. Only one lawyer from each specialty in each metropolitan area is chosen to be honored as the “Lawyer of the Year.” Candidates are selected by conducting confidential peer-review surveys in which thousands of leading lawyers evaluate their professional peers. The Firm’s 2016 “Lawyers of the Year” include: Martha N. Donovan, Litigation - Environmental William A. Dreier, Arbitration Jeralyn L. Lawrence, Family Law Mediation Gary N. Marks, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law Michael J. Stanton, Family Law Bruce J. Wisotsky, Litigation – Bankruptcy

  • Member News-WeiserMazars

    WeiserMazars LLP, a leading accounting, tax and advisory services firm, announced that addition of Gregory K. Black as a new Partner in the firm’s Tax Practice. Gregory is an experienced CPA and estate planning attorney with 15 years in the field. Previously, he was a Director in the Private Wealth Services Group of Grant Thornton and a Staff Attorney in the Stroock & Stroock & Lavan Private Client Group. In reference to his new position, Gregory stated “I joined WeiserMazars because of the emphasis they place on working hand in hand with clients to ensure that they are receiving the best service possible – a commitment that mirrors my own. I look forward to serving both the firm’s existing clients and new ones in the future.” Based in the New York office, Gregory will substantially enhance the firm’s services to high net worth clients, structuring sophisticated wealth transfer plans and providing income, estate and gift tax return compliance services.

  • Member News-Holy Name Medical Center

    Holy Name Medical Center Vice President of Asian Health Services, Kyung Hee Choi, recently met with administrators from the California hospital, City of Hope, to provide insight on launching a Korean medical program in their facility. Mrs. Choi established the Korean Medical Program at Holy Name back in 2008 and continues to guide it, a national model for culturally-sensitive health care. The Korean Medical Program has now grown to include 90 doctors seeing more than 45,000 Korean-American patients at the main campus and two satellite centers. When meeting with City of Hope administrators, Mrs. Choi outlined the steps taken to create the Korean Medical Program at Holy Name, including having a thorough knowledge of the community and its population-specific needs, while understanding the obstacles many Koreans face in seeking medical attention from area hospitals. Mrs. Choi also provided culturally sensitive examples like, “our staff learned not to serve ice water but rather warm liquids, not to place a Korean patient in a room numbered “4,” and not to write the patient’s name in red, which to many Koreans may indicate a terminal illness.” In addition to City of Hope, other hospitals from across the country have looked to Holy Name as a model to establish their own culturally-based programs.