| July 8th, 2017. Here are my notes for the past week - the stories and links I saw that were actually interesting, and why they mattered. There are now around 10K subscribers. I promised this would be fun … Tell Your Friends Global Nomad Newsletter #241 About reducing the inefficiencies in healthcare After listening to this BBC Newshour podcast , this week i've been thinking about why america spends almost twice of its GDP (in percentage) on healthcare than any other developed country, while all the outcomes at population level are marginally worse. This BBC podcast above offers a few good theories, one of them being the staggering amount of bureaucracy and administrative costs. This reminded me that a few years back, i read somewhere that for every dollar spent on healthcare in the US, 90 cents went to administrative costs and 10 cents went to actual care of the patients health. So i've been thinking, what can we do about it? and then I thought about a few things .... For example, when was the last time you called your doctor for an appointment then next day at 9am and the person on the phone told you a resounding "yes"? How is it possible that in 2017, you can book a flight at the day and the time you want, while you can't get a doctor appointment without a 6 weeks wait? The answer is of course that the airlines have figured out long time ago that machines were much better at scheduling than humans. Same applies for inventory and business cash flow management. So, what if technology today was to help doctors be more efficient, save time by being less of a business owner and more of a doctor? From a doctor's standpoint, we would be able to solve the administrative inefficiencies thus increase margins and profits ("it's not the money you make, it's the money you keep") while greatly enhancing customer service (you get the appointment you want the day you want it with the doctor of your choice). At Sikka, we call it The Self Driving Practice . Something to think about. Have a good week! Later! -Phil The personalized nutrition trend – how digital health brands can revolutionize healthcare - Here Drone awesomeness: Zipline is the first in the world to offer regular delivery of emergency medical products - Here The Wanderlust Gene: Why Some People Are Born To Travel - Here Why you shouldn't exercise to lose weight, explained with 60+ studies - Here On Conversational Interfaces, AI, and the Sum of the Little Things - Here Alternate View — How companies use AI is going to be the most important factor in every future startup - Here Amazon’s Alexa passes 15,000 skills, up from 10,000 in February - Here Glimpses of an AI-enabled future - Here Probabilistic programming from scratch - Here An ‘Uber for garbage’ picks up steam, and $11.7 million in Series A funding - Here Blue Apron’s IPO was an elaborate marketing stunt - Here Made With ARKit: Hand-picked curation of the coolest stuff made with ARKit - Here Minitel: The Online World France Built Before the Web - Here Researchers create temperature sensor that runs on almost no power - Here Roomba Inventor Joe Jones on His New Weed-Killing Robot, and What's So Hard About Consumer Robotics - Here Read Latest Blog Post |
Here are my notes for the past week - the stories and links I saw that were actually interesting, and why they mattered.
There are now around 10K subscribers.
I promised this would be fun … | |
Global Nomad Newsletter #241 | |
About reducing the inefficiencies in healthcare | |
After listening to this BBC Newshour podcast, this week i've been thinking about why america spends almost twice of its GDP (in percentage) on healthcare than any other developed country, while all the outcomes at population level are marginally worse.
This BBC podcast above offers a few good theories, one of them being the staggering amount of bureaucracy and administrative costs. This reminded me that a few years back, i read somewhere that for every dollar spent on healthcare in the US, 90 cents went to administrative costs and 10 cents went to actual care of the patients health.
So i've been thinking, what can we do about it? and then I thought about a few things .... For example, when was the last time you called your doctor for an appointment then next day at 9am and the person on the phone told you a resounding "yes"? How is it possible that in 2017, you can book a flight at the day and the time you want, while you can't get a doctor appointment without a 6 weeks wait? The answer is of course that the airlines have figured out long time ago that machines were much better at scheduling than humans. Same applies for inventory and business cash flow management.
So, what if technology today was to help doctors be more efficient, save time by being less of a business owner and more of a doctor?
From a doctor's standpoint, we would be able to solve the administrative inefficiencies thus increase margins and profits ("it's not the money you make, it's the money you keep") while greatly enhancing customer service (you get the appointment you want the day you want it with the doctor of your choice).
At Sikka, we call it The Self Driving Practice.
Something to think about.
Have a good week!
Later!
-Phil
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The personalized nutrition trend – how digital health brands can revolutionize healthcare - Here
Drone awesomeness: Zipline is the first in the world to offer regular delivery of emergency medical products - Here
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|
|
The Wanderlust Gene: Why Some People Are Born To Travel - Here
Why you shouldn't exercise to lose weight, explained with 60+ studies - Here
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|
|
On Conversational Interfaces, AI, and the Sum of the Little Things - Here
Alternate View — How companies use AI is going to be the most important factor in every future startup - Here
Amazon’s Alexa passes 15,000 skills, up from 10,000 in February - Here
Glimpses of an AI-enabled future - Here
Probabilistic programming from scratch - Here
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| |
|
|
An ‘Uber for garbage’ picks up steam, and $11.7 million in Series A funding - Here
Blue Apron’s IPO was an elaborate marketing stunt - Here
| |
| |
|
|
Made With ARKit: Hand-picked curation of the coolest stuff made with ARKit - Here
Minitel: The Online World France Built Before the Web - Here
Researchers create temperature sensor that runs on almost no power - Here
Roomba Inventor Joe Jones on His New Weed-Killing Robot, and What's So Hard About Consumer Robotics - Here
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