Health Economics Roundtable

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NABE members can access webinar recordings on the Podcasts page. For archived materials from past events, please email us.



Upcoming Events:

Strategies for Better Health Care Value

Tuesday, August 27, 2019
2:00 PM - 3:00 PM ET

Speakers:

Michael Chernew, Leonard D. Schaeffer Professor of Health Care Policy and Director of Healthcare Markets and Regulation Lab, Harvard Medical School

Jason Melton, CEO, 2nd.MD

Moderator:

Jen Coriell, Corporate Economist, Humana, Inc.; NABE Health Economics Roundtable Co-Chair

Health care benefits represent one of the largest costs your employer pays. In the legacy pay-for-volume world, there is no incentive to control costs. Value-based strategies flip incentives and can help your employer substantially improve margins. Join us for a discussion on this important topic.

Registration is FREE for NABE members and the public. Register here



Past Events:

Prescription Drug Prices: Policy Options & Outcomes

Wednesday, May 15, 2019
2:00 PM - 3:00 PM ET

Speakers:

Dr. Gerard Anderson, Professor of Health Policy and Management and Professor of International Health, Johns Hopkins University Bloomberg School of Public Health; Professor of Medicine, Johns Hopkins University School of Medicine; Director, Johns Hopkins Center for Hospital Finance and Management

Dr. Mariana P. Socal, Assistant Scientist, Department of Health Policy and Management, Johns Hopkins University Bloomberg School of Public Health

Moderator: Corwin (Corey) Rhyan, Senior Analyst, Center for Value in Health Care, Altarum

The NABE Health Economics Roundtable will host a webinar on May 15 featuring Dr. Gerard Anderson and Dr. Mariana P. Socal, both of the Johns Hopkins University Bloomberg School of Public Health. Recently, there has been an abundance of relevant congressional testimony on the issue from pharmaceuticals, pharmacy benefit managers, (PBMs), and payers. Dr. Anderson and Dr. Socal will provide a guided tour of drug pricing policy and answer questions from NABE members.  

Speaker Presentations (PDF): Anderson

PODCAST AVAILABLE (Members Only)



What's the Outlook for Medicare? Former Trustees Weigh In

Thursday, September 13, 2018
11:00 AM - 12:00 PM ET

Speakers:

Charles Blahous, J. Fish and Lillian F. Smith Chair and Senior Research Strategist, Mercatus Center at George Mason University

Robert D. Reischauer, Distinguished Institute Fellow and President Emeritus, Urban Institute

Moderator:

Robert Graboyes, Senior Research Fellow and Health Care Scholar; Mercatus Center at George Mason University; Co-Chair, NABE Health Economics Roundtable

Charles Blahous (Mercatus Center) and Robert Reischauer (Urban Institute), bipartisan public trustees for Social Security and Medicare from 2010 till 2015, will be the NABE Healthcare Economics Roundtable’s guests for this webinar on September 13, at 11 AM Eastern Time. HERT Co-Chair Robert Graboyes (Mercatus Center) will moderate. Blahous and Reischauer have consistently warned of the necessity to shore up both programs’ finances. In a letter to the public (June 14, 2018, Bipartisan Policy Center), the two said the financial condition of Medicare appears to be worsening: “For example, Medicare’s Hospital Insurance (HI) trust fund reserves are now projected to be depleted in 2026, three years earlier than estimated in last year’s report.” Their letter also stated that, “The Medicare [Supplementary Medical Insurance] outlook, like those of the other trust funds, has worsened over the last year.” In this webinar, Blahous and Reischauer will discuss the outlook for Medicare and options for dealing with the gathering problems.

PODCAST AVAILABLE (Members Only)


What's Ahead for the ACA and Health Care Policy?

Thursday, October 26, 2017
2:00 PM - 3:00 PM ET

Speakers:

Stuart Butler, Senior Fellow, Brookings Institution
Robert Graboyes, Senior Research Fellow, Mercatus Center at George Mason University; Co-Chair, NABE Health Economics Roundtable

Moderator: Paul Hughes-Cromwick, CBE, Co-Director, Center for Sustainable Health Spending, Altarum 

Republican attempts to amend the ACA failed in the U.S. Senate. President Trump’s executive orders are adding new questions. Partisan divisions remain unbreachable. So what’s ahead for the ACA and health care policy in general? Join a webinar discussion hosted by the NABE Health Economics Roundtable.

Registration is FREE for NABE Members and the public.

PODCAST AVAILABLE (Members only)


The Affordable Care Act 2017: Repeal or Retain?

Monday, February 27, 2017
11:00 AM - 12:00 PM ET

Speakers:

Sherry Glied, Dean, NYU's Robert F. Wagner Graduate School of Public Service; former Assistant Secretary for Planning and Evaluation, U.S. Department of Health and Human Services
Douglas Holtz-Eakin, President, American Action Forum; former Director, Congressional Budget Office

Moderator: Robert Graboyes, Senior Research Fellow, Mercatus Center at George Mason University; Co-Chair, NABE Health Economics Roundtable

The Health Economics Roundtable (HERT) of the National Association for Business Economics (NABE) will host a webinar featuring Sherry Glied and Douglas Holtz-Eakin, moderated by Bob Graboyes. The hour-long session (11:00am ET, Monday, February 27) will focus on the current state of the Affordable Care Act and efforts in Congress and the White House to repeal and replace the law. 

Registration is FREE for NABE Members and the public.

PODCAST AVAILABLE (Members only)


Healthcare 2017: Policy Challenges for the Next Administration

Thursday, August 25, 2016
2:00pm - 3:00pm ET

Speakers:

Leif Wellington Haase, Senior Fellow, New America
Paul Howard, Senior Fellow and Director of Health Policy, Manhattan Institute

Moderator: Robert Graboyes, Senior Research Fellow, Mercatus Center at George Mason University

No matter who wins the White House this year, healthcare policy is likely to get a reboot under the next administration. For a sneak preview, please join NABE’s Healthcare Roundtable for a webinar on the upcoming challenges and opportunities the new crew will face. Leif Wellington Haase of New America and Paul Howard of the Manhattan Institute will discuss which areas of the Affordable Care Act (ACA) are most ripe for re-evaluation and how trends and events will redirect the course of future U.S. healthcare spending. Robert Graboyes of the Mercatus Center will moderate.


Speaker Bios:

Leif Wellington Haase, Senior Fellow, New America
Leif Wellington Haase is president of LWH Consulting and a senior fellow at New America. He is a leading expert on U.S., California, and international health care systems and focuses on health care reform, insurance markets, employer-based coverage, and controlling health costs. Haase draws on two decades of experience with health policy at the federal, state, local, and international levels. He frequently advises legislators and their staffs in Sacramento and in Washington D.C. on the key issues relevant to state and federal policy. He was deeply involved in the debates over comprehensive health reform that led to the passage of the Affordable Care Act, in particular through analyzing the individual mandate requirement and the cost shift from public to private payers.
 
Paul Howard, Senior Fellow and Director of Health Policy, Manhattan Institute
Paul Howard is a senior fellow at the Manhattan Institute and director of health policy. He is a contributor to The Apothecary, the Forbes blog on health care policy and entitlement reform, and a regular columnist for The Morning Consult. Howard has written on a wide variety of medical-policy issues, including FDA reform, biopharmaceutical innovation, consumer-driven health care, and Medicare and Medicaid reform. Howard was part of the health care policy advisory group for Mitt Romney’s 2012 presidential campaign, has testified twice before Congress, and, in 2013 and 2014, served on an expert panel as a judge for Celgene’s Innovation Impact Awards.

 

Healthcare Inflation in a Time of Industry Transition

Thursday, December 10, 2015
2:00pm - 3:00pm ET

Speakers:

Stephen Heffler, Director of the National Health Statistics Group, Center for Medicare and Medicaid Services
Asthika Goonewardene, Senior Analyst for Biotech and Pharma, Bloomberg Intelligence.

Moderator: Sarah House, Economist, Wells Fargo

The NABE Healthcare Roundtable will host a webinar on Thursday, December 10 at 2:00 pm EST. The disinflationary trend in healthcare data has been a key factor in subduing core inflation in recent years. We’ll hear about the cyclical and structural drivers behind the slowdown in healthcare inflation and whether the trend will hold as coverage increases and cost models change. The webinar will feature Stephen Heffler, Director of the National Health Statistics Group of the Center for Medicare and Medicaid Services, and Asthika Goonewardene, Senior Analyst for Biotech and Pharma at Bloomberg Intelligence. 

Registration is FREE for NABE Members and the public.

 

The BEA Health Care Satellite Account

Tuesday, January 27, 2015 
2:00pm ET

Speaker:

David Johnson, Chief Economist, Bureau of Economic Analysis

Moderator:

Elizabeth Bernstein, co-Chair, NABE Health Economics Roundtable, Bureau of Economic Analysis

 

Slide Presentation (PDF)

 

David Johnson, Chief Economist at BEA will discuss in detail the new Health Care Satellite Account. Preliminary results from this multiyear project will be available in the Survey of Current Business in January 2015. BEA’s goal is to develop a new set of statistics that provide a broad look at how much Americans spend on health care, as well as breakouts by disease category, and the change in prices to treat various diseases over time.

The report uses 11 years of medical claims and survey data to measure household spending on health care on a disease basis, rather than the traditional functional-basis, including for the first-time real price changes by disease, illustrating trends in prices over time. The initial report will cover 2000-2010, with additional years to be added in the coming months.

For more information on the BEA Health Care Satellite Account, please visithttp://www.bea.gov/national/health_care_satellite_account.htm

Registration is FREE for NABE members and the public.

REGISTER NOW

 

National Health Care Spending: 
Making Projections and Assessing the Medicare Slowdown

November 12, 2013 
2:30pm – 3:30pm

Speakers:

Tristan P. Cope, A.S.A. Actuary Office of the Actuary Centers for Medicare and Medicaid Services

Melinda Buntin, Chair Department of Health Policy Vanderbilt University Medical Center (former Deputy Assistant Director for Health, Congressional Budget Office)

Slides:

Cope.pdf 
Buntin.pdf

Moderator:

Elizabeth Bernstein, Economist, Office of the Chief Economist, U.S. Bureau of Economic Analysis

 

Tristan Cope will explain the main modeling assumptions used by the Centers for Medicare and Medicaid Services to project national health care spending, including the impact of the Patient Protection and Affordable Care Act (Obamacare). 

Melinda Buntin will address the Medicare spending slowdown and how this could affect overall health care spending and the fiscal budget. The program will be followed by a Q & A session. 

 

Registration is free for NABE members and the public.

NABE Members: VIEW THE WEBCAST

 

"The Promise and the Barriers to Telehealth"  

Tuesday, March 22, 2011 2:00 PM (Eastern)

Speakers:

Rick O'Sullivan, Change Management Solutions, moderator

LTC Christopher Becket Mahnke, MD,  U.S. Army

Slides

PATH Summary

PATH Paper

Arun Ravi, Practice Leader and Strategy Consultant, Frost & Sullivan

Slides

 

Thanks to the near ubiquity of high-speed wireless Internet access and an explosion in the development of remote care management tools, the long promised benefits of telehealth finally seem well within our grasp.  But adoption remains lackluster despite cries for the very cost-cutting telehealth promises.  While civilian applications lag far behind, the U.S. military, a leader in telehealth practices, has been using telehealth technologies for decades.  Are there lessons to be learned from military applications for civilian medicine?  Or are there market rigidities that prevent civilian medicine from adopting telehealth practices? Are the promises of telehealth being overstated or denied? 

Lt. Colonel Christopher Mahnke, MD will present his recent analysis of the impact of U.S. Army's Pacific Asynchronous TeleHealth (PATH) system, a provider-to-provider teleconsultation platform , on the quality, efficiency, and cost of delivering healthcare to U.S. military and their dependents in the Pacific Region. 

Arun Ravi, Practice Leader (Patient Monitoring/Healthcare IT) and Strategy Consultant for Frost & Sullivan. Mr. Ravi, a medical device and health IT consultant who specializes in product assessment,technology validation, market feasibility, will present the findings from a recent Frost & Sullivan study on the technological, regulatory, and market barriers to telehealth adoption.

 

Click here to register.

 

Assessing the New Healthcare Landscape: 
What issues did the Patient Protection and Affordable Care Act address and what still remains?

June 17, 2010
11:00 AM (EDT)

Speakers:

Rick O'Sullivan, Change Management Solutions, moderator

Bowen Garrett, Ph.D, Senior Research Associate, Health Policy Center, Urban Institute

John Holahan, Ph.D, Director, Health Policy Research Center, Urban Institute

Slide presentation

"The Cost of Failure to Enact Health Reform"

The debate on healthcare reform may have abated but it is far from over. Even before the Patient Protection and Affordable Care Act of 2010 became law on March 24, questions were already being raised on how the various programs it created would be funded and implemented. Now, with a shakeup in Congressional leadership looking increasingly likely come November, repeal of some the Act’s features is considered possible.

On June 17, John Holahan, Ph.D and Bowen Garrett, Ph.D, the principal researchers of The Cost of Failure to Enact Healthcare Reform: 2010 – 2020, will discuss the factors that went into the Urban Institute’s Health Insurance Policy Simulation Model (HIPSM), a microsimulation model of health insurance coverage reforms that served as the foundation for their recent publication; to what degree they believe the final legislation either addressed the costs of failure or left them unresolved; and how implementation strategies might influence the effectiveness of the reforms.

Click here to register.


Speakers Bios :

A. Bowen Garrett, Ph.D., Senior Research Associate, Health Policy Center, Urban Institute.
Dr. Garrett leads a team of researchers in the ongoing development and application of the HIPSM and co-authored several reports analyzing aspects of health reform proposals that were widely cited through the recent national debate on health reform. Dr. Garrett’s research has focused on employer-provide insurance coverage, Medicaid and the uninsured, and Medicare’s prospective payment systems. He has also examined the effects of welfare policies and economic factors on Medicaid caseloads and coverage

John F. Holahan, Ph.D. Director, Health Policy Research Center, Urban Institute.
Much of Dr. Holahan’s work over the last 30 years has focused on the Medicaid program, as well as state health policy more broadly, and issues of federalism and health. He has developed proposals for broad health system reform, most recently in Massachusetts. He has recently written on the concept of a public plan to address the issues of insurer and provider consolidation, and on cost containment more generally. He has co-authored a recent report on how health reform at the national level could be financed and has examined how the increasing costs to states of federal health reform could be offset through the restructuring of Medicaid financing.

 

 


 

"Pandemics, Bio-terrorism and Weather--oh my! An economic wizard's solution to how weather data shapes and disaster planning shapes hospital investments"

Tuesday, March 2
11:00 AM (EST)

Speakers:

Richard O'Sullivan, Principal, Change Management Solutions, moderator 
Margaret Fowke, Office of Strategic Planning and Policy, National Weather Service slides
Mark McClellan, MD, PHD, Director, Engelberg Center for Health Care Reform and Leonard D. Schaeffer Chair in Health Policy Studies at the Brookings Institution

Abstract: Already overburdened by a growing volume of underfunded medical and social demands, US hospitals are finding it increasingly difficult to meet the investment requirements to cope with weather emergencies' disruption to clinical care. Regionally dispersed disruptions to clinical care delivery due to weather events actually present greater threats to life than the immediate victims of the weather event itself.  Today's more accurate, timely, and detailed Weather Service information offers economic solutions that could shape disaster planning and hospital investment strategies and better understand the trade-offs posed by bioterrorism and pandemic disaster planning .
 
During this teleconference, Dr. Mark McClellan, a licensed physician and Senior Member at Brookings Institute and Margaret Fowke, EMT-B/Program Analyst with NWS and member of HERT, offer insight to the relative risks in weather and man-made emergency planning and how weather products and information have resulted in significant savings from improved medical decisions in both critical short-term staffing and capital deployment choices prior to an emergency as well as improving overall long-term planning to weather events and other emergencies.

This teleconference is available for purchase as a podcast by NABE members. After 30 days, it will be available for free download by NABE members

 

"While Washington Fiddles - How the nation's hospitals are coping with the financial crisis"

Tuesday, September 29, 2009
11:00 AM EDT

Moderator:
Richard O'Sullivan, Change Management Solutions, moderator

Speakers:
William C. McGinly, Presidnet and CEO, Association for Healthcare Philanthropy
Kristen Franceschi, Esq., DLA Piper, LLP

Summary:

Seemingly lost in cacophony surrounding the contentious debate on healthcare reform legislation is the far more immediate threat to healthcare delivery caused by the pressing financial concerns of our nation's hospitals.  The combination of growing strains of an aging population on limited resources, the erosion of state and municipal tax bases, worsening bad debt burdens, and price-cutting cost containment strategies by CMS and private insurers have all combined to stress a growing number of nonprofit hospitals to the point of breaking and insolvency.  How hospitals will respond to this financial crisis could possibly shape medical care delivery and access for a decade or more.   

This teleconference is available free to NABE members only as a downloadable podcast.

 

About the speakers:

Dr. William C. McGinly is President, CEO of the Association for Healthcare Philanthropy (AHP), an organization representing over 4,900 hospital and medical center executives devoted to fundraising, public relations and marketing for non-profit health care providers.  He also heads the AHP Foundation and the Hospital Development and Educational Fund of Canada, which conduct annual giving programs and major capital campaigns. Bill currently serves on the Board of Directors for the e-Philanthropy Foundation, an organization dedicated to enhancing on-line giving.  He also is Past Chairman of the Greater Washington Society of Association Executives (GWSAE), a former member of the Boards of Directors for Center on Philanthropy at Indiana University Indianapolis and eTapestry, a web-based fund raising software company.  Bill received his doctorate in administration from The American University.

Kristen Franceschi, Esq. is a partner in the Baltimore office of DLA Piper LLP (US).  She practices in the areas of public finance law, with extensive experience in nonprofit finance.  She is an active member of the American Bar Association's Section on Taxation and its Tax-Exempt Financing Committee.   In January 2009, Ms. Franceschi served as one of three experts recruited for an American Health Lawyers Association teleconference entitled A Financial Epidemic: The Credit Crisis and the Scary New World of Nonprofit Hospital Finance.  She also serves on the Board of the National Association of Bond Lawyers (“NABL”).  She received her JD/MBA from Stanford University and her BA in classics and mathematical sciences from The Johns Hopkins University. 

 

 

 

"Don't Raise the Bridge - Lower the River: 
Could Employer-Sponsored Wellness Programs Reduce Demand for Healthcare?"

Thursday, May 21, 2009
11:00 AM EDT

 

Moderator:

Richard O'Sullivan, Vice Chair, Health Economics Roundtable

Speakers:

Larry Chapman, VP, WebMD Slides 
Barry Hall, Principal Researcher, Buck Consultants Slides

Abstract: In the tug-of-war between controlling healthcare costs and increasing access for the uninsured, little attention has been given to efforts to reduce healthcare demand. On May 21, 2009, the NABE Health Economic Roundtable (HERT) will sponsor a podcast on employer-sponsored healthcare programs featuring two recognized experts in the field. Larry Chapman MPH, WebMD's senior VP and director of its WellCert Program, who has been called "one of the world's foremost authorities on worksite wellness" will speak to the costs and benefits of wellness programs to employers, employees and insurers. Joining Larry will be Barry Hall, the principal researcher for Buck Consultants' annual global wellness practices research. Barry will share the recent work demonstrating increased wellness spending even through the recession and how different wellness program objectives around the globe have influenced their design and outcomes.

Download the podcast.

Are you a Gold Pass member? Not sure? Click here.

 

Speaker Bios:

Barry Hall

Barry is a Principal in the Clinical Health Consulting and Global Technology Solutions practices of Buck Consultants, an ACS company, where he leads global research and strategic development of new products and services that support wellness and health care consumerism. In this role, Barry consults with employers to create and deploy innovative “health and wealth” strategies utilizing health data analytics, communications, and interactive tools and technologies.  Barry is a Fellow of the Society of Actuaries and a recognized expert in health promotion and technology, with numerous awards and publications to his credit. He is frequently quoted in international news publications and has appeared on CNN and BBC television.

 

"Health Care Information Technology and Financing’s Next Frontier: 
The Potential of Medical Banking"
Tuesday, February 26, 2008
1:00-2:00 PM Eastern

Moderator:  Devon Herrick, Senior Fellow, National Center for Policy Analysis and Health Economics Roundtable Chair.
Speaker:  Stephen Parente, Associate Professor, Department of Finance, and Director, Medical Industry Leadership Institute, University of Minnesota.

Slideshow (PDF)

Podcast

This session will explore the potential for more extensive use of information technology, including:  Can medical banking card technologies be a viable personal health records platform?  In addition, the teleconference will discuss the hurdles—financial, technical, and institutional—that need to be surmounted to achieve these objectives. 

Stephen T. Parente is an Associate Professor in the Department of Finance in the Carlson School of Management at University of Minnesota where he specializes in health economics, health insurance, medical technology evaluation and health information technology. He has extensive experience directing empirical analyses utilizing primary and secondary data bases and is acknowledged as a national expert on using administrative databases, particularly Medicare and health insurer data, for health policy research. He has served has a consultant to several of the largest health care organizations including: UnitedHealth Group, Blue Cross Blue Shield, Johnson and Johnson, Medtronic, Pfizer, Merck, Johns Hopkins Hospital, and various government agencies. He is currently the principal investigator for several projects evaluating the impact of consumer-directed health plans.

Dr. Parente teaches graduate level courses in health economics, information technology and medical technology evaluation. He holds an appointment as adjunct faculty member at Johns Hopkins University. He holds a doctorate from Johns Hopkins University, and both a Masters of Science in public policy analysis and a Masters of Public Health from the University of Rochester.

 

“Innovations in Convenient Care: Retail Clinics and Telemedicine”
Thursday, August 30, 2007
12:30 PM EDT

Typical primary care visits are inconvenient and often costly.  A visit to one’s doctor, even for routine care, requires that patients make an appointment — often well in advance. After patients travel to their physician’s office, they must queue in a waiting room.  In many cases, one’s primary care physician is not available. To fill a niche in primary care, entrepreneurs are creating innovative practices.  Increasingly, patients can interact with physicians in ways more convenient and less expensive than a tradition office visit. 

This teleconference explores two recent trends in routine primary care: convenient, retail-based, walk-in clinics and telemedicine, where patients consult with a physician by telephone.

This teleconference is available as a NABE Podcast.

Speakers: 
Dan Patterson, an investor in SmartCare Family Medical Centers and TelaDoc
Michael Gorton, a founder of TelaDoc
Devon Herrick, Chair, Health Economics Roundtable, moderator

SmartCare Family Medical Centers is a new type of walk-in clinic typically located in big box retail stores or pharmacies.  They have a limited scope of practice and are staffed by nurse practitioners.  Their advantage is that they are convenient and clearly post prices, which are about half that of traditional clinics.  No appointment is necessary and there is little waiting.  These clinics are not intended to replace one’s primary care physicians; rather, they provide convenient care for minor ailments, such as sore throats, earaches, and school physicals.

TelaDoc is a physician call service.  It also has a limited scope of practice but is staffed by licensed physicians.  It too is not intended to replace members’ primary care physicians; rather, it is a safety net members can rely upon in situations when they cannot get into see their regular doctor.  For instance, a member who comes down with the flu after hours might get quick access to Tamiflu with one phone call. Or a member, traveling on business, who runs out of medicine for a chronic condition might call and get enough pills to last until he/she is back home. 

 

Speaker Bios

Dan Patterson is president of Transition Capital Partners, a private equity firm that has invested in SmartCare Family Medical Centers and TelaDoc, as well as other health care ventures.  He started, built, and sold several companies during his career. In 1983, after spending three years in Business Development for Pearle Vision Centers, with responsibility for mergers and acquisitions, he launched a corporate wellness company.  In 1985, he started a weight loss business, which marketed the Optifast program through joint ventures with hospitals. The business achieved a place on the Inc. Magazine list of fastest growing companies in the United States in 1988. In 1989 both the weight loss and the wellness businesses were sold.

In 1991, Patterson and a partner acquired Hunt Products Company, a division of Hunt Oil Company, a private health and beauty care products manufacturer. In 1992, he raised capital from Galen Partners, a healthcare investment fund, to ramp up company operations. In 1993, after selling HPC's product lines to two competitors, he co-founded Transition Capital Partners and became president in 1996. He earned a Bachelor of Liberal Arts degree from Kenyon College and a Master of Business Administration degree from Harvard Business School. He spent three years between college and graduate school as a high-level assistant to the Governor of Illinois. He serves on the board of directors for six of the Transition Capital Partners portfolio companies.

Michael Gorton is chairman and CEO of TelaDoc.  A successful entrepreneur, he was the founder and CEO of Internet Global, the first company in the world to deliver commercial DSL (1996). Internet Global was the beta and world rollout partner for Ericsson's patented VOIP (Phone Doubler) product (1998).  iGlobal constructed a national VOIP network for long distance service.  He negotiated the sale of Internet Global in 1999 for $122M.

In 2000, Gorton founded the Texas Acceleration Group, an organization of successful entrepreneurs whose goal was to accelerate the growth of early stage companies through mentoring and fund raising.

Gorton served as interim CEO for an educational technology company, Whoola; as a mentor for Texas incubator, STARTech; as well as being on the board of several technology companies.  Gorton spent the first 12 years of his career as a manager/engineer for Texas Utilities.   He has degrees in Physics, Engineering and Law and serves as adjunct Professor of Astronomy at Richland College.