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admin 14.03.2014

Have you ever watched an industry transform and said, "I wish I had thought of that?" Have you ever wished Facebook or Apple was your idea?
But as Buckminster Fuller once said, "You never change things by fighting the existing reality. Inherent in this transformation are abundant new technologies and companies and, along with them, new jobs and capital investment. Being on the ground floor could be one of the keys to a strong and secure economic foundation for decades to come. The existing system, unwieldy, bureaucratic and unsustainable under the pressures of increasing costs, is at a breaking point. Molecular genomics and personalized medicine represent the biggest transformation for doctors and patients alike since the advent of antibiotics. Rick Homans, left, is the president and CEO of the Tampa Hillsborough Economic Development Corporation.

The keys to that transformation are embedded in our community in the form of entrepreneurs, existing life science companies, research facilities and universities: University of South Florida Health (and its multitude of initiatives), Moffitt Cancer Center, the Center for Advanced Medical Learning and Simulation (CAMLS), M2Gen, Draper Laboratory, SRI International and All Children's Hospital-Johns Hopkins Medicine. Considering that the $2.7 trillion health care industry accounts for nearly 20 percent of the national economy, we are talking about huge economic development potential.
That's especially true when one considers the innovation opportunities that are knocking at the door: in personalized medicine, electronic records, online scheduling and diagnostics, simulation for improved training, robotics for increased precision, telemedicine for increased access to specialists and expertise, and more. Assessment of physician and nurse competence, simulation, continuing education, surgical room checklists and other techniques will transform the safety of surgical procedures and hospital stays. From an economic point of view, the storage of an individual's genetic material, the incorporation into medical records and the ability to use those genetic markers to diagnose, treat and prevent major diseases represents an immense economic development opportunity. The scope and range of next-generation devices is staggering and will change the way medicine is delivered, including who delivers it. Above all else, we will need collaboration a€” among our politicians, business leaders and entrepreneurs, as well as our academic, medical and research institutions.

In the past, most communities have allowed others to make a€” and profit a€” from revolutionary changes while they reacted to those shifts.
This part of the health care industry is in its infancy, and both established companies and startups have an opportunity to transform this market. Stephen Klasko, right, is CEO of USF Health and dean of the Morsani College of Medicine at the University of South Florida.
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