Miami Banks Leading Tech Charge

By Yolanda Rivas

July 2019

2 min read  — Advances in technology are having a dramatic influence in the banking sector across the globe. Innovations are impacting the delivery of products and services, making the banking process faster, easier and more reliable. Customer satisfaction and increased competition are driving the tech push, and there is more on the horizon.

“We are changing our core banking system and investing more than $25 million to make that change. It’s an important step for us because we know technology will be the driving force to our growth in the future,” Fernando Beyruti, CEO of Itau Private Bank, told Invest:. 

An article from Bank Innovation explains that banks are spending more than $100 million to replace their aging core systems. Advances in blockchain technology, IoT, fintech, online banking and robotics have helped many financial institutions improve efficiency and accessibility. 

The investment isn’t just to make banking easier now, it is also part of the future. Technology is an integral part of City National Bank’s five-year plan. “We will invest over $15 million in digital transformation for the organization. This will ensure that we continue to be innovative as well as impactful through improving our client experience,” President and CEO Jorge Gonzalez told Invest:.  

Many financial institutions are also partnering with financial technology (fintech) groups to improve their offerings. According to a 2017 report from multinational professional services network PwC, 82% of financial leaders expect to increase fintech partnerships in the next three to five years. 

Cybersecurity and fraud detection are other areas where technology is playing a key role. “When we invest in technology we are also investing in strengthening our cybersecurity,” Gonzalez stated. The investment is not just in the technology, but also in bringing in the right people who have the experience and talent to be able to instill their knowledge throughout the organization,” he said. 

In that regard, First American Bank recently created a senior-level position — information security officer — whose role is to train employees and allocate resources in preparation for possible cyberattacks. “Security threats are on the rise, forcing us to be mindful that our information can be compromised at any time. Through back-room investments and increased training, we are taking the necessary precautions to reduce risk by educating our employees as well as our customers,” Brian Hagan, Florida Market President for First American Bank, told Invest:. 

Although technology adoption can be a challenge for some financial institutions, especially smaller banks that do not have the financial capacity to keep up with the latest innovations, ultimately it can provide a cost-savings. “I think all of us as a banking community in Miami are saddled with compliance concerns. But I think that, with technology, those kinds of costs can be reduced gradually while still maintaining the kind of vigilance that we have to have. There’s a good opportunity for our industry here,” G. Frederick Reinhardt, Chairman and CEO of Brickell Bank, stated in an Interview with Invest:. 

To learn more about our interviewees, visit their websites:

Itau Private Bank: http://www.itauprivatebank.com/

City National Bank: https://www.citynationalcm.com/home/home 

First American Bank: https://www.firstambank.com/personalbanking/ 

Brickell Bank: https://brickellbankmiami.com/ 

PwC: https://www.pwc.com/ 

Bank Innovation: https://bankinnovation.net/ 

Orlando Communications Pick Up Pace With 5G

by Staff Writer

2 min read July 2019 — For a fast-moving business, it’s all about fast-moving data. These days, one millisecond can mean the difference between being the market leader and being a late mover. Big Data allows companies to analyze huge quantities of data in seconds, but it also requires substantial internet speeds. And with 5G networks able to provide download speeds 20 times faster than 4G, it’s no wonder Orlando is carving out its piece of the pie.

Earlier this year, AT&T announced that Orlando would be among the eight U.S. cities to roll out its new 5G technology. Let’s be clear: this isn’t just about getting a crystal-clear cell phone signal or being able to download a 1.25GB movie in one second. The actual implications of 5G are huge.

“5G is a real revolution. Connectivity will become a platform and no longer a pipeline [making it] possible to get everything online all the time and all the applications up into the cloud,” said Ken Hu, Huawei’s rotating chairman, at the company’s analyst summit in April. “Eventually the technology will help us to create a brand-new seamless experience between [the] online and offline [worlds].”

Nearly 50% of respondents to a recent McKinsey Analytics survey say analytics and Big Data have fundamentally changed business practices in their sales and marketing functions. According to an Accenture study, 79% of enterprise executives agree that companies that do not embrace Big Data will lose their competitive position and could face extinction while 83% have pursued Big Data projects as a competitive advantage.

“The vast majority of our economy is not actually tourism; we’re really high-tech,” said Orlando Mayor Buddy Dyer in an interview with Bloomberg. “We’re biomedical, we’re digital media; we’re focused on the other parts of Orlando as well.”

Orlando’s unmatched human capital is one of the reasons why tech companies are establishing operations in the state, one of which is Luminar Technologies, an autonomous-vehicle testing facility. “It’s like the Silicon Valley of lidar (Light Detection and Ranging),” said Scott Faris, Luminar’s chief business officer in an interview with Forbes. “The density of folks here that understand things like lasers and computer modeling is higher than certainly anywhere else in North America, and maybe even the world.”

To take advantage of the city’s emerging tech opportunities, Orlando needed to kick up the connectivity a notch. One of the ways it was able to vie for the coveted pilot 5G program was a complete overhaul of its zoning ordinances to simplify the process for companies like AT&T. “We have truly embraced the notion of being one of the first cities with 5G so we have changed our permitting process related to that,” said Dyer. “We set up a process where we can pre-approve all the types of applications or installations they may have.”

Ultimately, the city’s businesses will reap the benefits of the 5G transformation, said Wilson Chow, head of global technology, media and telecommunications at PwC in an interview with South China Morning Post. “Data is king. [When companies] digitize their processes and transactions, they can then derive more value from their data. 5G will provide the backbone for the proliferation and development of these digital journeys for many corporations.”

Southern Command’s Economic Impact in the Region

By Yolanda Rivas

July 2019

2 min read — The U.S. Southern Command (SOUTHCOM) moved its headquarters to Miami almost 22 years ago with revised priorities, objectives and capabilities. Since then, the command has had a significant impact on the local economy.

 

According to the Bureau of Economic Analysis, by 2017, SOUTHCOM had a combined economic impact in Miami-Dade of 53,151 jobs. It also had $5.4 billion in sales, a gross regional product of $5.1 billion and a 4% of total gross product since 2011. 

SOUTHCOM is one of 10 unified Combatant Commands in the U.S. Department of Defense (DoD). And it is responsible for providing contingency planning, operations, and security cooperation in its area of responsibility, which covers much of the Western Hemisphere. It includes Central America, South America and the Caribbean (except U.S. commonwealths, territories, and possessions) and encompasses 31 countries and 16 dependencies and areas of special sovereignty. 

Although the command was given its current name in 1963, its history as a unified military headquarters began during World War II, with the establishment of the U.S. Caribbean Defense Command, located in Panama. It was in September 1997 when the SOUTHCOM moved to Miami. 

The command is now responsible for employing over 1,200 military and civilian personnel representing the Army, Navy, Air Force, Marine Corps, Coast Guard, and several other federal agencies. The defense industry has an economic impact of $5.5 billion on Miami-Dade County and it supports 56,476 jobs with an average salary of $70,300, according to data from Miami Dade Beacon Council. 

The SOUTHCOM has played a key role on the overall defense industry impact in the county. Raymond Sarracino, spokesperson from U.S. Southern Command Public Affairs, explained in an interview with Miami Today that “in addition to salary, he or she (military active duty) will also receive $3,000 a month tax free for living expenses, which definitely plays a role in the economic impact of the community.”

The command’s workforce is supported by more than 400 civilian employees who play a crucial role in SOUTHCOM’s efforts to support security and stability in the region. They also have a Public / Private Cooperation (PPC) program which integrates non-governmental organizations, private companies, academic institutions, or other qualifying groups to foster society solutions for 21st century challenges in Latin America and the Caribbean. 

For more information, please visit:

U.S. Southern Command (SOUTHCOM): https://www.southcom.mil/ 

U.S. Department of Defense: https://www.defense.gov/ 

Miami Dade Beacon Council: https://www.beaconcouncil.com/ 

SOUTHCOM Public / Private Cooperation (PPC) program: https://www.southcom.mil/Work-With-Us/Public-Private-Cooperation/

Miami Growing Political Profile

Miami Growing Political Profile

By Yolanda Rivas

June 2019

2 min read July 2019 — Miami grabbed the national spotlight last week when it hosted the first Democratic presidential debates. The city is already a popular destination for tourism and business, but events like these boost its political profile and create a trickle-down effect that has a broad and positive impact.

“Miami is a vibrant and dynamic city that reflects the values and diversity of the Democratic Party. I couldn’t imagine a better setting for our first debate,” said Democratic National Committee Chairman Tom Perez in a written statement regarding the event at the Adrienne Arsht Center for the Performing Arts. 

Miami has previously hosted presidential debates, which impact logistics, airport and hotel capacity. In March 2016, Republican candidates debated at the University of Miami’s BankUnited Center during the 12th and final Republican presidential debate. The city also hosted a Democratic presidential primary debate at Miami Dade College and the first of the presidential debates in 2004 at the University of Miami.  

These political events also benefit the educational institutions that host them. Usually, universities spend millions of dollars to host presidential debates. This has a direct impact on the local economy, with the involvement of subcontractors and others in the preparations for security and media. 

According to an article in USA Today, Lynn University, which hosted a 2012 general election presidential debate in Boca Raton, estimated the event generated a staggering $63.7 million in “earned media.” For example, the university estimated that some 4,000 media representatives attended the debate and spent $2.6 million while in town.

These events can also represent an enriched educational experience for students because a number of seats are usually distributed to university students and officials. As a debate site, an institution also enjoys heightened visibility and a chance to attract new students. 

While less obvious, another significant benefit is the ability of a city to capture the nation’s attention and potentially influence the election through the questions and topics discussed. Miami is a demographically diverse and coastal city, making it perfectly suited to raise issues of national concern, such as immigration and climate change, as happened at the Democratic debates. 

Miami’s rich culture, demographics and strong business environment make it a prime destination for political events. With the spotlight in hand, Miami not only bolstered its national stature, it provided an opportunity for the local community to shine, and potentially grow. 

For more information, visit:

Adrienne Arsht Center for the Performing Arts: https://www.arshtcenter.org/ 

University of Miami: https://welcome.miami.edu/ 

BankUnited Center – Watsco Center: http://watscocenter.com/eventpage.php?id=154 

Miami Dade College: http://www.mdc.edu/

Orlando No. 1 for 4th of July

by Staff Writer

2 min read July 2019 — As the 4th of July vacation fast approaches, many Americans are ready to start their engines and hit the highways for the holidays. Right on time, the American Automobile Association (AAA) has released its ranking of the most popular destinations this year, and Orlando tops the list. The city beat out global tourist stalwarts, including Rome and Paris. When it comes to summer vacation, here’s what makes Orlando a standout.

Location, Location, Location

Located in the middle of the state, Orlando is remarkably well-connected. It is linked to North Carolina by I-95, and to Atlanta and Tennessee by I-75. Even visitors from as far off as Dallas can sail down the I-20 and arrive to Orlando in 17 hours. Gas prices are low heading into the US “driving season,” with average prices down on the same time last year.

For those who prefer to leave the car at home, Orlando boasts three international airports. Orlando International alone has over 2,700 domestic flights per week.

Park Life

Once tourists arrive, they have a plethora of destinations to choose from, but the top attractions are its iconic theme parks. Orlando is host to Disney’s Magic Kingdom, Universal Island of Adventure, Sea World, Legoland and many more. The 2018 Theme Index shows that Orlando plays host to seven of the Top 10 theme parks globally, with combined foot traffic of over 83 million people. In an industry expected to be worth $70.83 billion by 2025, this 4th of July is likely to provide a significant cash injection to the city.

Shop ‘Til You Drop

One of the best-loved traditions for visitors to Orlando is the shopping experience. The city has a whole host of shopping opportunities and even Disney aficionados can find a customized experience in Disney Springs. Florida Mall and The Mall at Millenia offer traditional shopping experiences, while Orlando Premium Outlets at Vineland Avenue and International Drive are the places to snap up a bargain. If you’re feeling more folksy, take a stroll down the local boutiques of Winter Park Avenue or go on a culinary tour at the East End Market.

Visitors to counties in Central Florida pay more than $5 billion each year in state and local taxes, accounting for roughly half of all sales tax revenue. This money is then used to build up the region’s entertainment, restaurants and tourist attractions.

Culture Vultures

Even though Orlando is known for its theme parks, there is a lot more to see and do in the city. The Orlando Science Center is a must for science buffs, with its interactive exhibits and planetarium shows. For a more tranquil day, visit the Henry P. Leu Gardens on the picturesque banks of Lake Rowena. If you don’t quite want to tear yourself away from the stores, try the Charles Hosmer Morse Museum of American Art, where among the exhibits you can find an extensive Tiffany & Co. collection.

Back to Nature

In Orlando, you can take the time to zoom around The Everglades in an airboat, catching glimpses of alligators and other wildlife that live in the swamp. Or, if you actually want to jump in, try the freshwater springs of Blue Spring State Park, just an hour’s drive away from the city center. Here, you can enjoy swimming, snorkelling and scuba diving or jump on a boat tour.

If you don’t want to go so far afield, the Lake Eola park, conveniently situated in downtown Orlando, is a 23-acre playground complete with a sprawling lake, amphitheater, playground and a famous fountain. It’s a place to escape from the hustle and bustle of the city while never having to leave the shadow of the skyline. In 2013, the park was expanded to the southeast as part of Project DTO – Mayor Buddy Dyer’s drive for a more liveable downtown area.

“Today our downtown is a vibrant and dynamic center, economic engine and cultural destination with a charm and character all its own,” said Orlando Mayor Buddy Dyer in his annual State of Downtown address.

Above all, Orlando is a destination for all the family, which is a key reason it comes out on top this 4th of July. 

For more information, visit the websites below:

 

American Automobile Association (AAA) https://autoclubsouth.aaa.com/

Disney’s Magic Kingdom https://disneyworld.disney.go.com/destinations/magic-kingdom/

Florida Mall https://www.simon.com/mall/the-florida-mall

Henry P. Leu Gardens https://www.leugardens.org/

International Drive https://www.internationaldriveorlando.com/

Lake Rowena https://www.orlando.gov/Parks-the-Environment/Directory/Lake-Rowena-Park

Legoland https://www.legoland.com/

Orlando Premium Outlets at Vineland Avenue https://www.premiumoutlets.com/outlet/orlando-vineland

Orlando Science Center https://www.osc.org/

Sea World https://seaworld.com/

The Mall at Millenia https://www.mallatmillenia.com/

Universal Island of Adventure https://www.universalorlando.com/web/en/us/theme-parks/islands-of-adventure

Taking Action: How Broward Serves its Veterans

by Max Crampton-Thomas

2 min read July 2019 — Florida is home to over 1.5 million military veterans and over 90,000 active duty and reserve members of the armed forces. The commitment to the US military is embedded in the fabric of Florida’s DNA and the reason why so many of these individuals have chosen to call this state home. 

While this dedication to the military can be found throughout the major hubs in the state, Broward County has presented itself as a standout among its peers throughout Florida. 

Since 1945, Broward County Veterans Services has been helping not only veterans but also their families and dependents. Florida’s veterans pump more than $18.4 billion into Florida’s economy each year, and in return Broward County offers services like assistance accessing benefits and entitlements. The involvement with veterans is not limited to the county, as local businesses and organizations consistently create initiatives to make life easier for those who have served. 

Kathleen Cannon, CEO of United Way of Broward County, is among those spearheading specific initiatives in Broward County. The Mission United program helps veterans reacclimate to civilian life by giving them the services and support they need to progress to the next stage of their lives. Last year Invest: Greater Fort Lauderdale spoke to Cannon about her community initiatives with United Way, and what she said resonates with the current Mission United program. “It is really important to the community that the businesses and nonprofit organizations in Broward work well together without egos and with open discussions on how to solve important social issues. The business community continues to step up because it understands the relationship between helping people and a thriving Broward,” she said. “We are a part of the economic engine because we are working to get people to the next level by providing them with the resources they need to improve their education, skills and, ultimately, their financial stability.” 

Small businesses in Broward are also always looking for ways to become more involved and give back to the armed forces community. These initiatives may not be on the same scope as what organizations like the United Way are working to accomplish, but they are addressing everyday needs for these individuals. One example is Pompano Beach’s Beauty Anatomy Institute of Cosmetology and Wellness. It offered free haircuts every Thursday to all active-duty military and veterans during the month of May, which was Military Appreciation Month. 

Broward County understands not only the economic value its veterans and active military bring to the region, but also the intrinsic value of the sacrifice these individuals have made. 

 

For more information visit:

https://www.unitedway.org

http://www.broward.org/ElderlyAndVeterans/Veterans/Pages/Default.aspx

https://bai.edu/

Philadelphia Readies the Fireworks for Iconic July 4 Bash

by Yolanda Rivas

2 min read July 2019 — When it comes to celebrating America’s birthday, few do it like Philadelphia. From spectacular fireworks displays and public concerts to festivals and parades, the City of Brotherly Love has one of the biggest and most popular Fourth of July celebrations in the nation. 

 

Among the most iconic local celebrations is the six-day Wawa Welcome America festival. With over 50 free multicultural events, the city, chambers of commerce, tourism organizations, local universities and dozens of public and private organizations come together to celebrate the nation’s birthday.

“The Wawa Welcome America festival continues to enhance Philadelphia’s national reputation as a must-visit destination, with show-stopping, diverse and most importantly, entertainment experiences that are open to the public,” Philadelphia Mayor Jim Kenney said in a written statement. 

To offer families and guests an enhanced experience, the activities this year will have a new layout design for the July 4th Party on the Parkway and July 4th Concert & Fireworks. “Spending the day with us on the Parkway will be better than ever before; we are really excited to have our guests take advantage of this expanded layout,” explained Welcome America Inc. President and CEO Michael DelBene, in a statement outlining the event. 

Attendees will also have free entrance to 22 local museums, attractions and cultural institutions during the 2019 Wawa Welcome America festival. This year marks the largest number of museums participating in the festival’s 27-year history. 

The activities on the 4th of July will start with the Celebration of Freedom Ceremony at Independence Hall, presented by the City of Philadelphia’s Office of the City Representative and Independence National Historical Park. The event will include a reading of The Declaration of Independence and a performance by the Philly POPS® BIG Band. Mayor Jim Kenney will present the fourth annual Magis Award and convenience-store chain Wawa will announce the recipient of The Wawa Foundation Hero Award. 

After this ceremony, 4,000 marchers, floats, and military personnel will begin the Salute to America Independence Day Parade. From noon to 7 p.m. visitors can enjoy numerous entertainment activities across five blocks at Benjamin Franklin Parkway. 

This year’s concert, produced by Live Nation Philadelphia and Comcast NBCUniversal, will feature performances from GRAMMY® Award-winning singers Meghan Trainor and Jennifer Hudson. 

“The City of Philadelphia is proud to welcome GRAMMY® Award-winning superstars Meghan Trainor and Jennifer Hudson to our great city, as well as shine a spotlight on Philadelphia native Patti LaBelle along with the hundreds of talented entertainers performing leading up to July 4,” said Mayor Kenney.

The Celebration of Freedom Ceremony and Salute to America Independence Day Parade will be broadcasted by NBC10 and Telemundo62 on July 4 at 10 a.m. and 11 a.m., respectively. NBC10 will also broadcast the Wawa Welcome America July 4th Concert and Fireworks live from 7-10 p.m.

“This year, we embrace time-honored traditions to celebrate the city’s diverse neighborhoods, thriving creativity, and global appeal. With over 50 free, family-friendly events, we invite everyone to join the fun, and commemorate our nation’s independence,” said DelBene. 

For more information, please visit: 

Wawa Welcome America: https://welcomeamerica.com/ 

Philly POPS®: https://www.phillypops.org/ 

Meghan Trainor: https://www.meghan-trainor.com/ 

Jennifer Hudson: https://jenniferhudsononline.com

MacDill Air Force Base flying high as a premier Tampa Bay economic driver

2 minute read July 2019 —When describing the major economic drivers in the Tampa Bay region, the typical response will normally be associated with Fortune 500 companies, a budding technology sphere and the large healthcare systems that all call Tampa Bay MSA their home. While these are all significant contributors to the local economy, there is one entity that cannot be overlooked or underestimated: MacDill Air Force Base. 

A staple in the Tampa Bay community, MacDill Air Force Base employs approximately 15,000 people and creates over $3 billion a year in economic impact. Established in 1939, the base has been an economic powerhouse and premier training ground for aircrews throughout all the major wars since its inception. 

The impact of the base is far-reaching, as collaboration with various sectors of the local economy has spurred continued interest from companies to do business in Tampa Bay. Invest: spoke with Larry Richey, managing principal for Cushman & Wakefield in Tampa, who noted the appealing environment for defense technology thanks in part to MacDill. “We have companies that are providing cybersecurity services in conjunction with MacDill Air Force Base and the University of South Florida. The triangulation of MacDill, USF and cybersecurity startups has created a ripe environment for defense technology here in Tampa,” Richey told Invest:. 

Former Mayor Bob Buckhorn also credited MacDill as one of the reasons that Tampa is able to stay competitive in attracting new businesses to the area. “Most people don’t realize that MacDill is the only base in the military system that is home to two combat commands. There are 2,400 defense-contracting firms in the Tampa Bay area that largely feed off of central command but, more specifically, special operations command.” 

While the base has been successful on it’s own merit and continues to give back to the region tenfold, the relationship between MacDill Air Force Base and Tampa Bay is mutually beneficial. The Tampa Bay region has long been known as a welcoming community for veterans and active duty citizens. Regional Vice President for USAA Yvette Segura spoke to Invest: about the deep-rooted connection between the Air Force base and the surrounding community. “Knowing that the community as a whole is so warm and receptive to the folks coming into MacDill has created a strong sense of fellowship that is welcoming to a company like ours. Part of our company mission is to support military members as they’re exiting their roles and to offer them an opportunity to work with us,” she said. “There’s something special about what Tampa does for military families, and I truly believe it speaks to the collective comradery of the community leaders in the Tampa Bay area.

There aren’t many areas in Florida, or the United States for that matter, that have the economic advantage that MacDill Air Force Base provides to the Tampa Bay region. The base’s influence and impact continues to drive Tampa Bay both socially and economically into the future. 

To learn more about our interviewees, visit their websites:

MacDill Air Force Base: https://www.macdill.af.mil/

USAA: https://www.usaa.com/

Cushman & Wakefield: http://www.cushmanwakefield.com/en

Atlanta’s health doesn’t have to cost an arm and a leg

By staff writer

July 2019

As home to the Center for Disease Control and Prevention (CDC), Atlanta has healthcare written into its DNA. But until now, the city has focused more on control than prevention. After years of lackluster patient outcomes, Atlanta is beginning to recognize that prevention is healthier approach.

In 1990, Georgia ranked 43 among all 50 states in the America’s Health Rankings annual report. Over the years, the state has slowly climbed and in 2018 it held 39th place.

Although there is a way to go for Georgia as a whole, Atlanta is somewhat ahead of the curve. When compared to the rest of the state, metro Atlanta has some of the lowest Years of Potential Life Lost (YPLL) rates – the measure of premature death – even though the metro area has the fifth-largest population in the U.S. with 5.9 million residents.

In the same rankings, although metro Atlanta ranks moderately for “Outcomes” (how healthy people feel), it is has one of the lowest rankings for “Factors” (behaviors such as smoking, drinking alcohol and sedentary lifestyles). Although major cardiovascular diseases are the main cause of death in the state and region, Atlanta’s rates have been on the decline over the last 10 years.

“We have to get back to prevention,” said Dr. Otis Brawley, who previously served as chief medical and scientific officer for the American Cancer Society, at the Health Journalism 2019 conference in Baltimore.

According to the Integrated Benefits Institute, a health research group that works with U.S. employers, poor worker-health costs amount to “60 cents for every dollar employers spend on healthcare benefits.”

Earlier this month, CVS announced an ambitious plan to open 1,500 HealthHUB stores by the end of 2021, with Atlanta named as one of its strategic locations. HealthHUBs combine a traditional CVS store layout with health services; in particular, focusing on preventive care, wellness activities and education and management of chronic conditions like asthma and diabetes.

And employers are starting to see wellness costs as another business essential. The global wellness industry is now valued at $4.2 trillion – more than half of total health expenditure[CN1] , which comes in at $7.3 trillion.

The Atlanta Business Chronicle has even launched an award recognizing the Healthiest Employer. Atlanta-based Catalyst Fitness won the award in 2017 and says the key to improving a balance sheet lies in guaranteeing that staff are healthy, and that doesn’t always just mean providing an insurance plan.

“Regular exercise can significantly improve workplace health. Instances of absenteeism and staff turnover, low staff morale and reduced productivity can be alleviated with a corporate wellness program in Atlanta that energizes and motivates tired employees,” says the company on its website. “Boredom, repetitive motion injuries and workplace fatigue can only be combated with physical and mental stimulation.”

Another company founded in Atlanta is AMP Recover, which provides data that allows better outpatient care. “We have been pleasantly surprised by the burgeoning injury prevention and wellness market and love seeing providers and patients take a more proactive and preventative stance,” said CEO David Nichols in an interview with Hit Consultant magazine.

Ann Mond Johnson, CEO of the American Telemedicine Association, told the Value-Based Care Summit hosted in Atlanta that the next step is tracking results. “We (now) have an opportunity to start documenting and cataloguing these cost savings,” Johnson said. “There are plenty of instances where we are saving a lot of money.”

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