Some of the new technologies used in the medical field today sound like science fiction, but they are, in fact, very real. And they are flip-flopping the industry like never before.

Remember back in 2000 when the human genome was sequenced? Doctors had painstakingly lined up all 6 million base pairs of an individual’s DNA. It was, no doubt, an amazing feat. In fact, it was heralded as something that would revolutionize the way we diagnose and prevent human disease.

So, what happened next?

Nada.

One huge hurdle, of course, was cost. That first genome took 15 years to create, and the price tag was a whopping $3 million. Fast forward to today, though, and we can now sequence a human genome for about $1,000 in a mere 24 hours.

It’s a remarkable technological advancement, indeed. And it’s one way that technology is beginning to provide more individualized care.

“Because that’s what we all want when we go to the doctor,” said Dr. Alex Parker at the Lake Nona Impact Forum in Orlando last month. “We don’t want to know ‘what’s the answer for everybody with this disease?’ We want to know ’what’s the answer for me?’”

As the chair of individualized medicine at Florida’s Mayo Clinic, he is making strides when it comes to personalizing care for patients.

So, this begs the question. How exactly do we leverage what we know about the genome now, more than a decade later? Regenerative medicine is one answer. Over the next few decades, this innovative new field will likely transform the way we approach and treat diseases.

“Regenerative medicine is going to allow the body to heal itself,” said Dr. Bob Brigham, chief administrative officer of the Mayo Clinic in Florida. “One day we won’t be doing transplantation anymore.”

We are, no doubt, facing tough times in health care today. But is it civil war or is it evolution?

Imagine being a medic on a battlefield. Your patient has lost his right hand and is bleeding profusely. But consider this: what if you could instantly stop the bleeding by artificially creating a scab?

Well, that may become a reality sooner than you think. In fact, Johnson & Johnson is testing a product right now that can do this.

“You apply this hemostat, and within two minutes you get complete hemostasis, and it can completely be reabsorbed into the body,” said Alex Gorsky, CEO of Johnson & Johnson, during the Lake Nona Impact Forum held in Orlando last month. “ This can really transform the way we control bleeding.”

And it’s just one example of what one company is doing in terms of health care innovation. To really move the needle, though, experts say it will take a collective effort, not just from medical professionals, insurers and researchers across the board, but from the American public, as well. And now’s the time to do it; finding solutions like this has never been more crucial than it is right now.

“These are arguably some of the most tumultuous times in health care,” said Rasesh Thakkar, senior managing director of Tavistock Group, which created Central Florida’s ingenious Lake Nona Medical City. “But instead of looking at these tough times as a point of revolution, instead we engage these times as a turning point in health care evolution.”

So how exactly do we move forward in a productive, smart way? “We’ve probably figured out the single receptors side of medicine,” said Gorsky. “The things we are treating now are more complex. It’s like a Rubik’s Cube, where you have to take numerous approaches to come up with a very different approach.”

That said, Johnson & Johnson has a huge focus on innovative thinking. The company is doing things with lenses on the eye that are “borderline bionic.” They are making inroads in anesthesia. And when it comes to colonoscopies, they have developed a computer that, in real time, measures Propofol levels and lessens the amount of time you have after procedures, reduces the costs of having an anesthesiologist and improves the standard of care.

There’s no doubt, technology and innovation are certainly helping to transform the human condition. However, “technology is only as good as how we combine it with humanity,” said Dr. Nancy Snyderman, chief medical editor at NBC News, who was also among the delegates at the Forum. “We have the chance to marry the two.”

Tonight marked the beginning of the second annual Lake Nona Impact Forum, hosted at the burgeoning life sciences cluster in Lake Nona Medical City.

The high profile event kicked-off with a VIP reception at the Intelligent Home in Laureate Park, the cutting-edge residential community located minutes from the developing Medical City. Guests toured this state-of-the-art, futuristic venue, which represents the paradigm shift that is placing the home at the heart of personal and family wellness.

Among the Intelligent Home’s innovative features are a mirror displaying individual biometrics, workout devices that track workout goals, a customized kitchen to track weight management goals, and apps and tools that help residents maintain physical health, as well as spiritual health and wellness.

The program then moved to Nemours Children’s Hospital for a welcome reception for the Forum’s delegates from diverse sectors such as health care, academia, government and other key industries.

President of the Lake Nona Institute Thad Seymour, Jr., greeted delegates and introduced this year’s core theme: Inspiring Health Innovation. Panel discussions followed suit, led by Tavistock Group’s Senior Managing Director Rasesh Thakkar, who stressed the need and opportunity for development in the health care field, especially at this pivotal time in our nation.

“We are here for one reason, and that is to make a difference in this world,” Thakkar said. “One inspired human can make a difference.”

Dr. Nancy Snyderman, NBC’s chief medical editor, led discussions on innovating technology that is transforming the human condition and breaking barriers to welcome “human touch, human kindness and human grace” in the medical field.

GE’s Jan De Witte and Johnson & Johnson’s Alex Gorsky touched on opportunities for integrated technology and collaborative efforts to increase preventative health initiatives through groundbreaking solutions such as personalized medicine, modernized anesthesia and lower health care costs for the consumer.

Former Senate Majority Leader Tom Daschle closed the evening by noting the innovative opportunities at Lake Nona.

“Somebody once said that those without imagination have no wings,” Daschle said. ”I think you are a wing factory here at Lake Nona. In three years, you have built something that is now being recognized around the world. Your commitment to wellness, education and sustainability couldn’t be more clear. And tonight, we see collaboration at its finest.”

Just a taste of what is to come over the next few days, the remaining portions of the Impact Forum are set to delve further into these trending topics and the promise of opportunity for new collaborations and progressions amongst industry leaders.