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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 […]
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16Nov, 2015

Consumerism in Healthcare 2016 and Beyond Pt. 4

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Part 4 / Final Over the first three parts of this series (I will admit here I would enjoy writing about this subject) we have explored the changes being driven by the emergence of Consumerism in Healthcare based around my experiences, more as a healthcare consumer than as a healthcare executive. This transformation is moving the center of healthcare from the provider and facility to the patient or consumer – the “patient centric” healthcare. I believe this trend is driven by several factors including demographics, the use and content of […]
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15Oct, 2015

Did the world’s largest industry – by revenue – just get bigger?

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We have many times referred to the fact that healthcare is the world’s largest industry and is statistically destined to be one for generations to come. It has been hard for people to rationalize, thinking maybe food or even defense industries are larger; however, the facts are getting bigger. The world’s healthcare industry is estimated to have $7 trillion (USD) in total revenues, with the US accounting for about $3 trillion (USD); but according to a new study, the “Longevity Economy” is now a $7.1 trillion (USD) economy in the […]
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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 […]
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31Jul, 2015

Healthcare in the age of Uber, eBay and Facebook.

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Today is an amazing time to be involved in most industries. This week I read articles in the Wall Street Journal (WSJ) that separately discussed the taxi and transportation revolution brought on by Uber, Inc., and the transformation traditional media companies are making to quickly adapt to on-line advertising. It has been fascinating to watch Uber’s “application” of driven on-demand, morph the transportation business. Many cities, counties, states and even governments have challenged Uber because their “technology” is disruptive to the status quo; yet the outcomes have nearly always favored […]
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22Jun, 2015

What industry today produces more paper check transactions than it did in 2000?

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Trivia Question: What industry today produces more paper check transactions than it did in 2000?  I know this because it’s coming from me however, most, if not everyone will know that the answer to the question is healthcare. Yes, healthcare in the United States of America! The country that invented the personal computer, credit card, cellular phone, telephone, internet and automatic clearing house payment (ACH) is creating more paper than ever.. let me repeat, than ever! Recently, BloombergBusiness published a story with the headline: Why America’s $2.9 Trillion Medical Industry Still […]
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