Medical disruptions and even deaths caused by impaired interoperability of healthcare systems are common. In these situations, patients in crisis cannot talk about their past medical history in an emergency. When they recover, but not due to the negligence of their health care providers, they will either incur huge medical costs or face other serious financial consequences.Lack of access to data not only causes these terrible consequences, but it also costs our medical costs Almost 18% of GDP And growing.
Among the many reasons why medical data is not accessible more digitally, there are some very simple ones. It is afraid of being misused. Patients are afraid that their data will be used against them. This can occur in a variety of ways, but most notably, insurers use health data to deny people’s coverage, or employers use the data to make employment decisions. The threat of excluding people.That’s why Rules and rules The privacy of surrounding health data is very strict.
So how can investors advance (and leverage) technology development on this issue to help eradicate this fear?
Investor, please be careful
Funding healthcare and digital health companies wasn’t an issue, but profitability was. Many of these companies are still financially struggling under the service fee business required by most insurers, Medicaid and Medicare. The service pricing system has significant inefficiencies. It creates false adjustments of interest. Does not support consumers. It is complicated by CPT codes (numeric codes used to identify medical services and procedures), high out-of-pocket costs, and deductions. And it is full of waste and abuse.
How can you expect a large return if the investor community bets on a company that continues to adopt a model that many agree on? To truly reduce costs and reduce inefficiencies, we need to abandon existing structures and prioritize our customers.
The key here is to look at companies trying to create end-to-end solutions that connect employers, members, hospitals, professionals, and pharmaceutical companies, not just one piece of this puzzle. Primary care physicians and adjusters using digital health data are becoming more affordable to consumers.
Stay away from service pricing and keep an eye out for those who are focusing on employer-led systems. Employers work well with patients because both poor health and financial stress negatively impact productivity. Employers are also focusing on KPIs in their business. They are accustomed to measuring and tracking results and are good candidates for data-focused healthcare companies.
Most important is the labor market where companies are located Cry to attract employees, Employers need to work with healthcare technology companies that value data security as current and future employees demand data security.
Innovation for fear
The entire future of health care will focus on the ability to share data securely. To give healthcare providers and patients control over their healthcare journey, they need to build a trust system that enables the efficient flow of personal medical information from stakeholder to stakeholder.
Today, HIPAA’s mechanics and data need to be kept private, so that trust must be in the hands of the provider. Imagine your family doctor was a quarterback for your entire healthcare journey. Just preventative care will give you a more complete picture.
Even better, preventive care is the main focus when it comes to reducing medical costs. Putting data in the hands of trusted entities and giving each person access to their complete medical history is much more likely to grant access when needed.
Good news?I have hope
The future is very bright thanks to technology. The challenge is to be able to understand meaningful ways to utilize and integrate it. Today, we have an incumbent system that discourages us from adopting new technologies.
Telemedicine is a perfect example of how a system can change meaningfully. A pandemic was needed before telemedicine could actually break through to a fully acceptable (and insured) point.Health insurance companies like now National anthem We are actively working to coordinate care and improve interoperability.
Three key technologies not used in today’s healthcare can help make this change. Ideally, all three are tuned to usher in a new era of healthcare.
Healthcare telemetry 2.0: Collecting health data on cellular devices
Through the use of social apps and e-commerce platforms on our mobile devices, people have already accepted and are happy to agree that our mobile phones are constantly collecting data about us. .. This feature can be very useful. See the proceedings in which detailed location data provided the suspect with an alibi.
Anyone with a mobile phone has a medical device that counts our steps, tracks screen movements, and tunes in to us as a user. So why not take advantage of this feature for optimized care? At the very least, don’t you try to get medical insights from device usage data?
In the future, the number of times a day checks the mobile calendar could, as an example, be an indicator of early-onset Alzheimer’s disease in people of a particular age group. Technicians must continue to push the boundaries of how the computing power of our pockets and handbags is used to help us.
Privacy 2.0: Applying blockchain to protect medical information
In the last six months, we’ve seen malicious people using digital risk to cripple the entire industry with data breaches. Colonial pipeline hacking effectively cut off gas supplies to most of the United States within hours. With healthcare data, system administrators need to pay more attention. While it can be difficult to regulate the privacy and protection of healthcare data, blockchain technology has proven to be an effective means of maintaining trust between consumers and data stewards.
Portability 2.0: Ability to securely share information with approved stakeholders
For many life-threatening people, the simple act of wearing a medical bracelet can make a difference between life and death, but at this point medical bracelets should be obsolete. is. Imagine the potential benefits of a next-generation medical “bracelet” that retains the patient’s entire genome, tumor profile, long-term heart rate trends, and can be uploaded instantly in an emergency.
Currently, the non-portability of health records is costly and creates detrimental redundancy for patients. Doctors spend time and resources rescanning patients, but patients suffer from repetitive (and sometimes dangerous) diagnoses such as blood draws and radiation. No one has cracked the code for portability, but an effective solution requires navigating difficult regulated waters while resolving standardization of the entire dataset.
These technologies are already in use in other industries. Apple and Google have turned their phones into remote monitoring devices that can easily collect all kinds of health telemetry data. Cryptocurrencies represent billions of dollars in trust-free transactions on various coin exchanges. Uber and Lyft have changed the way transportation is hired, used and paid. Applying the core technologies used in each of these examples provides a means of disrupting current challenges in healthcare. It’s just a matter of time.
History proves that innovation, investment and technology have made the world a dramatically better place. As long as the rules and regulations don’t get in the way, we can expect technology to make a big leap in the next decade.
Making data safe and meaningful, along with personalized care, has the potential to reduce long-term health care costs in the United States while improving health care outcomes.
How to improve patient care in the future – TechCrunch Source link How to improve patient care in the future – TechCrunch