We are all in the midst of not one but several waves of disruption.
There are many forces at play. When these forces intersect, they multiply. When they multiply, they change everything exponentially. And after that there’s no stopping.
I'm Praveen Suthrum. After 16+ years of building and running NextServices, a healthcare technology/management company, the challenges and opportunities in the industry leap out at me. I also get early access to industry trends and changes.
Whether you are seeking to start or grow your healthcare business, my weekly insights will make you spot opportunities and stay on top of your game. It'll help you think differently about healthcare.
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All in Big Picture
We are all in the midst of not one but several waves of disruption.
There are many forces at play. When these forces intersect, they multiply. When they multiply, they change everything exponentially. And after that there’s no stopping.
I sat in a Google self-driving car back in 2012...when it was still a Toyota Prius. See the pic below. Neither I nor the car look this way anymore.
Recently I was at a healthcare facility in a semi-urban region - less than 100 miles from a major metro. It had a whiff of industry from good times that have long drifted by.
I tried to locate a Starbucks. Google Maps spotted one and took me towards the local university campus. As I drove there, I noticed several pain management clinics advertising themselves in unusual ways for "relief".
If you throw a pebble today, it's likely to land on an article that talks about how artificial intelligence and its brother machine learning are changing healthcare.
Yes, I get it broadly. But I was curious to explore how exactly healthcare's trends are shaping any one medical specialty.
Instead of driving on the highway, let’s imagine you drove upwards from wherever you are…you’ll reach space in about an hour.
Well, they are calling it the golden age of rectums! The trends are simple and straightforward.
First, baby boomers and beyond are aging and staying alive longer.
Instead of waiting for a machine to come after you, it’s better that you steadily kill your job yourself. And invite the machine to takeover.
It’s going to get increasingly tougher to standout by being robotic when there are real robots buzzing around. Surely, machines will be better at any work that requires repeatability, learning and spotting patterns.
Half the battle of entrepreneurship is won in your mind. Many people finish up their careers deliberating whether they must start a business or not. Never actually turning on the ignition.
There’s much excitement in the air today. AI, machine learning, robotics, synthetic biology, 3D printing, drones and so on. And let’s not forget to blockchain this and blockchain that.
They say March 8th is Women's Day. There's much media attention towards it. At our work, we celebrate the day with lunch and such (we are 37% women).
But regardless of what we do, I see a society that's heavily masculine in its outlook. Masculine isn't man or woman. What do I mean?
In 2011, Ivan Owen created a puppet-hand to attend a steampunk convention. Seeing his video on YouTube, Richard a carpenter from South Africa wrote him an email. Richard had lost his fingers and was interested in collaborating to create an artificial hand for himself.
Have you noticed? That opportunities seem to chase some. But for several others...they spend their time chasing opportunities.
When or how does this happen?
Two years ago, Practice Fusion, an electronics health record company was rumored to be valued at more than a billion dollars.
Last month, the company sold for a fire sale price of $100 million.