I don't know if you see this but healthcare is spiraling out of balance. Perhaps into self-destruction.
Our industry is a mess. And it's costing us dearly.
How? You ask.
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.
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All in Policy
I don't know if you see this but healthcare is spiraling out of balance. Perhaps into self-destruction.
Our industry is a mess. And it's costing us dearly.
How? You ask.
Last week, I was teaching health IT to clinicians in Mthatha, South Africa. Interventional cardiologists. Pulmonologists. Psychiatrists. Family physicians. Surgeons. Orthopedic doctors. More.
Just look at this graph. There's a wide gap between U.S. and other high income countries. In healthcare spending. It's been widening since 1980.
Health insurance is surely important. It protects people from the financial burden of falling sick. It extends timely access to care.
Insurance companies have today become the bridge that doctors and patients traverse everyday in delivering and receiving care.
There's a lot of debate about government's role in healthcare. Much of our attention is focused on fixing sickness not preventing disease.
We obsess about availability of doctors, hospital beds, staff and infrastructure to treat sick people. We don't debate enough about government's role in maintaining health of its population.
There's always something new to worry about for the healthcare industry.
On Jan 1st, 2017, a new law to track physician performance went into first gear. It's called MACRA - a law that could be as important as the Affordable Care Act, which led to the name Obamacare.