Ron Galloway is the director of the films Why Wal-Mart Works and Rethinking PowerPoint, and is producer of the PBS World War II film Oflag 64: A P.O.W. Odyssey. Galloway also writes his own Wal-Mart blog, where he discusses why Wal-Mart works and why it doesn't.
Galloway is a conservative columnist for the Huffington Post and is currently at work on his new book, Social Money. A frequent public speaker, his presentations include a variety of business topics, notably regarding Wal-Mart and innovations in business technology.
Ron Galloway is a graduate of Georgia Tech and was an investment advisor and analyst for nearly 20 years. In a feat of optimal timing, he retired from investments in 2004.
Ron Galloway has been featured on CNN, CNBC, MSNBC, ABC's World News Tonight, and The Daily Show. He has been quoted in the Wall Street Journal, New York Times, Washington Post, and New Yorker magazine.
Wal-Mart & The Future Of Health Care
From in-store health care clinics to eyeglasses, from flu shots to urgent care, Wal-Mart has its designs on leveraging its 4000 stores into the largest force in American healthcare. How does this affect you and your industry? What are their motivations?
In 10 short years Wal-Mart become the second largest force in optometry. Their $4 prescription plan changed the face of the prescription industry.
Will Wal-Mart become the largest referral source in medicine through their 2000 planned retail health clinics? Will Wal-Mart "Mom and Pop" certain specialties into economic hardship? How will Wal-Mart's plans for Electronic Health Records (EHR) affect physician providers?
Ron's one-hour presentation "Wal-Mart & The Future of Healthcare" addresses these questions and more as you are compelled to face a new competitive force on the horizon.
Trends In Electronic Medical Records
Electronic Medical Records (EMR) is one of the areas of most intense interest in healthcare this year, due in large part to attention paid to it by the new administration. Nearly $19 billion in tax inventives are being directed to EMR adoption by hospitals and physicians.
In this presentation, Ron takes a look at 3 trends that are converging to dramatically affect this area of intense interest. First is the emergence of open source standards (OSS) in EMR software. Companies such as Microsoft and other software vendors are pushing proprietary formats for records, the analogy being the ".doc" standard in word processing. Open source advocates, including Google, are pushing for a single open standard for EMR files. Billions of dollars are at stake. Who has the advantage? Will the VA's Vista format prevail?
The second major trend in EMR is the reconciliation of privacy standards as regards the individual records themselves. How does HIPAA apply? How do individual state regulations inhibit or help the adoption of EMR? Who owns the records themselves? Are they the intellectual property of the hospital, physician, or patient? As Personal Health Records (PHR), as inplemented by Google and Dossia, increase in popularity will there be a conflict between PHR's and EMR's?
Finally, Ron will examine the role of semantics, or "tagging" of information contained in the records, and the huge part this overlooked component of EMR 2.0 will play in the coherence of EMRs, and the reason why tagging may ultimately be the driving factor in the growth of the EMR industry.
Future Money: Virtual Currencies & Payment Systems
Money is a medium of exchange. The exchange is still taking place but the “mediums” are rapidly changing. From stored value cards, to mobile device payments systems, the very nature of money is changing. The “QQ’” a virtual currency in China, is so popular it is having an effect on the money supply. A $195 million dollar bank run occurred inside a video game. Google, Paypal, and Amazon want to be your wallet. Ron examines these new forms of “Future money” and assesses their impact on our financial system.
Boxed In: Competitive Threats to Financial Services Firms
From Wal-Mart to Google, Paypal to Amazon, more and more businesses are leveraging information technology and distribution to enter the retail financial services industry.Assets are the name of the game in financial services, and there is increased pressure as financial service firms, "non-bank" banks, and now retailers are leveraging their existing distribution "footprints" to grab more of the pie.
For example, if just 5% of the people who walk into one of Wal-Mart's 4000 stores in one week opened a $3000 deposit account in a "Wal-Mart Bank," the company would raise $22 billion that week alone. Wal-Mart withdrew their ILC application, but GMAC, Merrill Lynch, and Target all have ILCs. The assets of all ILCs chartered in Utah are 12 times the assets of all Utah banks, S&L's and credit unions combined.
Meanwhile, Paypal and Google have developed payment systems that do a complete end-around the traditional banking system. All the while hedge funds use their huge, unregulated pools of capital to draw assets away from banking.
Find out how you can compete with the overwhelming distribution and resources of these emerging threats in this presentation.
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