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Information & Communication Technologies (ICT)
New Series on THCB — The Health Data Goldilocks Dilemma: Privacy? Sharing? Both?
The Goldilocks Dilemma has U.S. policymakers driving toward two seemingly conflicting goals:
1) Broader data interoperability and data sharing, and
2) Enhanced data privacy and data protection.
Hoarding Patient Data is a Lousy Business Strategy: 7 Reasons Why
In the video below, Dr. Harlan Krumholz of Yale University School of Medicine capsulizes the rationale of hoarding as business strategy:
We encourage you to take a minute to listen to Dr. Krumholz, but if you’re in a hurry we’ve abstracted the most relevant portions of his comments:
“The leader of a very major healthcare system said this to me confidentially on the phone… ‘why would we want to make it easy for people to get their health data…we want to keep […]
PatientPing, Platforms, and Health Care Transformation
It’s challenging, rewarding and fun to be an ongoing advisor to early-stage companies like PatientPing!
PatientPing is an incredibly promising company developing platforms for health care system collaboration and transformation. Late last year they received a Series B round of $31.6 M, with investors to-date having included Andreesen Horowitz, Leerink Transformation Partners, Google Ventures, SV Capital, and Fidelity FPrime Capital.
I was recently interviewed by Marketing Manager Laura Bresnahan for a “Four Questions Series” blog post. The four questions addressed are:
Do you […]
Presentation Slides: Strategy & Business Models in Healthcare Blockchains
Here’s a copy of my slides from my keynote presentation at The Healthcare Blockchain Summit in Washington D.C. The presentation is titled:
Blockchains in Healthcare: Transforming Strategy & Business Models?
After reviewing some industry background and analysis of trends, consider 7 key implications:
Beware of “yellow flag” blockchain tech terminology: “could”, “possible”, “promising”.
Digital strategy is different than industrial era business strategy.
IMO, the most likely scenario for blockchain tech in healthcare is slow, steady growth over the next decade. After critical mass […]
Healthcare Blockchain Summit, DC, March 20-21
Blockchain technology is poised to transform healthcare services and business models. Learn from the leaders who are creating the blockchain future. Discover how to implement pilot projects and applications that improve quality, reduce the cost of healthcare services and clinical trials, promote interoperability, and enhance security.
Over 40 Speakers, Including:
Christian Catalini, PhD, Fred Kayne (1960) Career Development Professor of Entrepreneurship & Assistant Professor of Technological Innovation, Entrepreneurship, and Strategic Management, MIT Sloan School of Management
Kyle Culver, Solution Architect, Humana
Jason Goldwater, Senior […]
Diagnostic Accuracy Scores: Physicians 84%, Computer Algorithms 51%
A recent study in JAMA Internal Medicine reported on the diagnostic accuracy of physicians vs. computer algorithms. The study compared the performance of one computer symptom checker app to the text based answers of 234 physicians, 90% of whom were general internists. You can read a summary here.
JAMA IM study: MDs vastly outperformed computer algorithms in diagnostic accuracy–84% v 51% correcthttps://t.co/hfVJYA9rgu #digitalhealth
— Vince Kuraitis (@VinceKuraitis) December 30, 2016
Twitter commentators had a lot to say about […]
Oscar’s Narrow Network Strategy: Will it Work?
Writing in Vox, Sarah Kliff describes VC-backed health plan Oscar’s latest twist on strategy:
Oscar’s hope is that it can take narrow networks to the next level; rather than simply cutting costs, Oscar wants to use a narrow network to improve patient experience by deeply integrating with the hospitals and doctors it works with.
Is this the right strategic approach for Oscar? It depends.
Healthcare’s Transformation into the “Pinnacle” Platform Industry
A “Platform Revolution” is sweeping America. Platforms like Google, Facebook, Amazon, Apple, and Airbnb are turning existing industries inside-out and creating new landscapes never yet dreamed of.
…but healthcare hasn’t been affected much…yet. Below, I’ll briefly explain:
Why healthcare has been slow to adopt platforms
What’s changing
Why in the long-run healthcare promises to become the pinnacle platform industry.
Read the rest of this story on Tincture…
If I Describe Your Company as the “Uber of Healthcare”, Don’t Take It as a Compliment. 7 Reasons Why.
I am constantly surprised by the number of companies that intentionally describe themselves as the “Uber of Healthcare”. If you hear me describing your company that way, I don’t mean it as a compliment. What I do mean is some combination of:
Your ethics and values are dubious
Your swashbuckling disregard for regulatory boundaries is backfiring
You underestimated the competition
Your network effects are overstated
Your platform governance model is Medieval
Your business model is unproven
Your valuation is inflated
Let’s take a more detailed look at each […]
MIT Platform Strategy Summit, Boston, July 10
Healthcare has been a laggard in adopting platforms…
…but that’s rapidly changing. In fact, I’ll suggest that healthcare will become the PINNACLE platform industry.
Why?
Many value propositions are very strong — literally “life-or-death”.
Acute and episodic care has focused on relatively discrete, time-limited events; the emerging model of chronic care and population health requires ongoing collaboration among care providers and patients.
Many of the value propositions of digital health are dependent upon development of interoperable platforms. For example, non-interoperable platforms would NOT work for:
The […]