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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 […]

13Jan, 2016

Monstrous Digital Healthcare Gap in the U.S, and Beyond.

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I have addressed this subject previously in numerous presentations and speeches going back to the late 1990’s, and at a university healthcare forum in 2008. Last month the McKinsey Global Institute (MGI) published a report that reminded me of the problem, and prompted me to move half a dozen other blog discussions to the back burner. In the April 24, 2008 university healthcare forum, I discussed that the per capita investment in technology by healthcare ranks 9 out of 10 industries with only the food processing industry lower. This MGI […]

7Oct, 2015

The Age of Data

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I recently read, with great joy, an article in the Wall Street Journal (WSJ) that noted Google Capital, the internet company’s growth-equity fund, had “invested $32.5 million in Oscar Health Insurance Corporation”, a start-up in the healthcare insurance industry. There are a couple of interesting things about this article. First, this “start-up” is valued at $1.5 billion (USD) and second, according to the article,“Oscar amassed a war chest of more than $350 million in its bid to use data and technology to make the insurance business work more like an […]