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28Jul, 2017

Healthcare’s Disruptive Transition – Part 4

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One of the things that continues to shock us in healthcare are the costs to administer the back-office, or the cost to generate, send, process, pay and receive a medical claim. How big is this administrative cost of healthcare in the U.S.? What if we told you that the healthcare administration costs are approximately $333,000,000,000 USD (three hundred thirty-three billion USD) per year. Would you believe your eyes? Yes, the United States of America spends more in healthcare administration than many, many countries spend on healthcare in total! For instance […]
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9Jun, 2017

Healthcare’s Disruptive Transition – Part 2

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We began this series discussing how the second wave of Baby Boomers or the “trailing edge,” will likely change healthcare materially and permanently. In our last blog, we suggested that this “trailing edge” will change healthcare by being the first generation to take a more active role in their healthcare, be materially more demanding of technology, and more questioning of their caregivers. After all, this is the generation that has witnessed the emergence and mainstreaming of revolutionary technology: the color television, fax machines, pagers, cell phones, the Internet, social media, […]
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8Jun, 2017

Healthcare’s Disruptive Transition – Part 1

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Over the next 10 years, we will see more profound transformations in healthcare than the last 30 years. As we will discuss in our new series of blogs, the transformations will be driven by consumer demands and changes in the use of technology, as well as the pressure by the government to drive changes to payments to providers over the next five years. This process will require changes in all providers and hospitals, it will force modernization of payers systems (CMS, HMOs and other private insurance), and lastly the intensive […]
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19May, 2017

EHRs: We Have Barely Scratched the Surface

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For the last six years, the rush to install electronic healthcare records (EHR) in the entire United States healthcare industry, has been driven almost exclusively by the U.S. government’s proverbial “carrot and stick” approach. Originally, it offered $30 billion (USD) in incentives that one day in the not-too-distant future will be deemed wasted – this was the “carrot.” The “stick” was the mandated reductions or penalties in reimbursement if providers did not comply. Today that penalty is 3% of all government paid healthcare, increasing to 5% in 2019. We must […]
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3Mar, 2016

HIMSS 2016 Part 1

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Every year, the best and the brightest in the health information technology industry, via the Healthcare Information and Management Systems Society’s (HIMSS) annual meeting, meet for a week. This year, it’s in Las Vegas, Nevada. An amazing experience I have enjoyed on more than one occasion. The convention is attended by sizeable healthcare delivery systems, clearly large and small technology companies. Almost always missing; actual healthcare providers. The sad news of that is, everyone is building and demonstrating technology that impacts the providers more than anyone. In the 3 times […]
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25Feb, 2016

Sharing Patient Data, What is next?

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As all American’s begin the process of assembling financial records to file their personal income taxes, it has come to mind, how easy the process has become to pay our personal taxes. Today the information flows in and flow out via your computer. You can now synchronize you credit cards and checking account in the cloud and prepare your financial statements and then file your taxes online. Yet, currently 50% of all medical offices still have paper medical records. Of those, approximately 50% that have meaningful use software, an even […]
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18Feb, 2016

Cloud Computing and Tech Spending

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This week the Wall Street Journal (WSJ) published an article that was full of good news for most, but concern for others; and this, in our opinion, is just the beginning of the technological shift we are all witnessing. The article was entitled “Cloud Computing May Be Hampering Tech Spending: Analyst Report” . As a long-time proponent of technology; for instance, cloud SaaS models (Software as a Service) for electronic medical records and most other computer-centric services; this got our attention fast. The article discussed what seems to be a […]
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11Feb, 2016

Medical Robots

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Technology is going to transform healthcare! On this week’s blog, we are expressing the news and our perspective, and it has generally been focused on the cross-roads and technology. Recently, we have been adding another dimension; generational economics and healthcare. I love to read about our industry, and with more than 10 patents issued, and another 20 pending, technology and innovation drive me. A friend of mine once called me a futurist, and to this day I wonder if that was a good thing, or a bad thing? We have […]
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4Feb, 2016

Healthcare and Economics; Pt. 1

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Today we are going to recognize something that has been apparent to anyone who reads this modest blog. In the last 3 blogs I admitted that my favorite subjects are healthcare, technology and demographics, with a not so small dose of economics. To me, they are hugely influential, and in my world, they are interconnected. An industry that is as large as healthcare has its own economic dynamics, and like a Red Giant star, it seemingly affects everything around it. Previously mentioned, I once read that in the mid-2000s General […]
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21Jan, 2016

The Next Digital Revolution; Life, Health and Jobs

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Once again, I find myself sliding some topics I selected to discuss to the back burner. The daily headlines are so amazing to an innovation and technology addict, such as myself. This past week, a friend of mine sent me a link to a website, and the title just hit me and gave me a “Back to the Future” moment. The site was SingularityHub.com and the title was “Digital Diagnosis: Intelligent Machines Do a Better Job than Humans.” It was not a question, but a statement. They had me hooked. […]
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