"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects." - Robert A. HeinleinIn almost every walk of life, we worship at the altar of specific expertise. It
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3 Digital Trends Transforming Medical Supply Chain Companies
How Medical Supply Companies Can Take Charge with Digital Many businesses today worry about being “Ubered” or “Amazoned” – that is, seeing their markets invaded by digital native upstarts that overturn traditional business models and value propositions. The healthcare industry’s complex supply chains and regulatory burdens seem to create a high wall that will discourage such disruption. Yet the reality is artificial intelligence (AI), machine learning, data analytics and intelligent automation,
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5 Key Components of A Results-Driven AI Platform for Hospitals and Health Systems in the Era of Value-based Care
Value-based reimbursement is forcing hospitals and health systems to reduce costs and to improve outcomes. Whether they are trying to manage population health or to improve clinical pathways in hospitals, healthcare organizations need a way to understand and harness the huge amounts of data that could potentially be applied to achieving these goals. Artificial intelligence (AI) systems offer an approach that can derive actionable insights from large, complex datasets at the scale required by
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Why Data is the Key to Driving Closer Provider/Life Sciences Collaboration
“He who controls information controls the world.” This quote, which sounds like it should be from a famous world leader but is actually from a character on the sci-fi program “Babylon 5,” perfectly describes the opportunity life sciences organization marketers have before them today.As healthcare continues its rapid march toward value-based care, providers are increasingly being held responsible for patient (and financial) outcomes. Yet many of them are taking on this risk essentially
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Drug Pricing Transparency: Can Health IT Lower Drug Pricing for Patients?
Certain practices of pharmacy benefit managers (PBMs) have helped jack up drug prices to the point where many people can no longer afford their medications. For example, PBMs charge health plans considerably more for a drug than they pay pharmacies for the same medication. This “ingredient spread,” which generates much of the PBMs’ profits, results in health plans placing drugs into a higher-price tier. As a result, members’ copayments go up. Sometimes they’re higher than the cash prices for
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How Telemedicine is Transforming the Doctor-Patient Relationship
If telemedicine hasn’t revolutionized healthcare, it has certainly revamped it. It has extended providers’ reach to areas where care might not be readily available, and allowed patients much-needed access.Such convenience is the primary reason telemedicine -- defined as two-way, real-time interactive communication between a healthcare professional and a patient -- has taken hold, among not only among those in far-flung areas but those in urban settings where healthcare might be lacking. Cost is
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Is GDPR The Latest Call for the Healthcare Industry to Address Its Paper Problem?
After four years of extensive preparation and debate, the European Union’s General Data Protection Regulation (GDPR) will go into effect on May 25, 2018. U.S. healthcare systems globally expanded or actively marketing and delivering care to EU patients will need to comply. While few U.S. healthcare providers have expanded globally, those that have include prominent organizations such as Johns Hopkins Medicine, Cleveland Clinic Foundation, Mayo Clinic and UPMC. Other healthcare systems are likely
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How the Internet of Things is Revolutionizing Medical Adherence
Every day, doctors and medical researchers are challenged to find new, improved drugs and courses of treatment for chronic disease. But, what if the answer to improving health outcomes for many patients was simpler than developing new drugs? What if it was as simple as ensuring more patients stick to their treatment regimens?Medical non-adherence is a massive challenge all over the world. According to the World Health Organization, half of patients in long-term treatment for chronic illnesses
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Memo to Apple: Convenience is Key to Fixing US Healthcare
Millions of Americans have uncorrected vision impairment, costing billions and increasing other health risks. We have everything we need to help them – if we can just get them into the eye care systemThe news that Apple is forming its own network of health clinics to serve its employees set off a frenzy of speculation about how the world’s most valuable company might disrupt the archaic healthcare system. The excitement is certainly justified. Apple has a sterling track record of revolutionizing
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EMR Workflow Optimization: The Lynchpin to Ameliorating Physician Burnout
Healthcare have been transformed over the last decade as electronic medical records have been rolled out across America. Unfortunately, information technology has not yet fulfilled its immense promise. To a great extent, this is because most EMRs were designed primarily as giant billing systems. They were not conceived as patient care systems, and efforts to use them for patient care have been compromised by issues of usability and efficiency. Of equal concern have been the effects on morale
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