The digital health space refers to the integration of technology and health care services to improve the overall quality of health care delivery. It encompasses a wide range of innovative and emerging technologies such as wearables, telehealth, artificial intelligence, mobile health, and electronic health records (EHRs). The digital health space offers numerous benefits such as improved patient outcomes, increased access to health care, reduced costs, and improved communication and collaboration between patients and health care providers. For example, patients can now monitor their vital signs such as blood pressure and glucose levels from home using wearable devices and share the data with their doctors in real-time. Telehealth technology allows patients to consult with their health care providers remotely without having to travel to the hospital, making health care more accessible, particularly in remote or rural areas. Artificial intelligence can be used to analyze vast amounts of patient data to identify patterns, predict outcomes, and provide personalized treatment recommendations. Overall, the digital health space is rapidly evolving, and the integration of technology in health

Thursday, May 19, 2016

Improvement is Not Innovation




LISTEN TO: Arlen Meyers, MD, MBA, President/CEO, SoPE





Innovation is a step further 



"So, the issue is what is innovation? If you ask 100 people, you're going to get 100 different answers. So, here is Arlen's two cents..."First of all there is a difference between an idea, an invention and innovation. An idea is something that pops in your mind - that's the end of it. An invention is an idea reduced to practice. You make a sketch, you build a prototype - you actually start conceptualizing how this thing is going to look/taste/feel, it's reduced to practice. It could be a process or service, it doesn't necessarily have to be a product or goods. But innovation is a step further. Innovation is about creating value and value that someone is willing to pay you for, or exchange something of value which is usually money. So an invention doesn't do you any good unless someone is willing to give you money to use it or buy it. That's what innovation is.

 How much is the  changes we are seeing in health care due to innovation?  Much of it is improvement, not innovation  according to Arlen Meyers, M.D., who also founded SO.P.E. (the Society of Physician Entrepeneurs). This boot strapped organization provides some meaningful material for those who want to call themselves entrepeneurs.

 As recently as ten years ago  Most physicians were entrepeneurs as the head of their own medical practice. Some were extremely successful following unique models for success in health care and medical practice. Some grew into large multispecialty group with governing bodies.

 The founders of many prominent industrial size medical clinics and now health systems were conceived by physicians such as William Mayo, the founders of the Cleveland Clinic, Henry Ford Health Systems, Geisinger Clinic and many others.


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1 comment:

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