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Where are the Health Care Entrepreneurs?
By Staff Reporters
The high and rapidly rising cost of health care in the U.S. remains a critical issue. High costs burden the federal budget due to the government’s large role in providing health care through the Medicare and Medicaid pro-grams, which jointly make up 40 percent of the total U.S. health care market. High costs also make it difficult for individuals to afford health insurance.
Efficient Benefits
High costs are less of a cause of concern if health care is provided efficiently and generates benefits that exceed its costs. Unfortunately, numerous studies suggest that one-third or more of medical resources is not buying improved health. This translates into over $700 Billion of excess spending in the U.S. each year.
Working Paper
The following paper: Where are the Health Care Entrepreneurs? The Failure of Organizational Innovation in Health Care appeared in the NNBER as Working Paper No.16030].
Assessment
In this paper, researcher David Cutler explores the causes of this inefficiency and the reasons why it has not been eliminated by market forces.
Link: http://papers.nber.org/papers/w16030
Conclusion
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Filed under: Alerts Sign-Up, Funding Basics, Health Law & Policy | Tagged: David Cutler, Health Care Entrepreneurs, healthcare costs, healthcare efficiency, NNBER |
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Five 2013 Digital Health Acquisitions (During Spring and Summer)
1. March 2013-Allscripts acquires Jardogs: Allscripts acquired patient engagement solution Jardogs to expand its network which will allow Allsripts to offer a fuller integration across different systems
2. August 2013-Medtronic buys Cardiocom: Implantable medical device maker Medtronic acquired Cardiocom a remote patient monitoring and disease management company
3. August 2013-IMS Health subsidiaries buys Diversinet: Mobile health company Diversinet agreed to sell assets to IMS Health, including Diversinet’s intellectual property, sofware, & customer contracts
4. August 2013-Jawbone acquired Nutrivise: Jawbone, which already acquired two companies this year, bought nutrition app maker Nutrivise
5. September 2013-Teladoc bought Consult A Doctor: Teladoc acquired Consult A Doctor to allow small- and medium-sized companies access to Teladoc’s patient-physician consult services
Source: MobiHealthNews
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80% of the Largest Healthcare Systems Have a Senior Innovation Officer
HMPI recently released survey results from leaders at the 40 largest healthcare systems in the United States. Here are some key findings on chief innovation officers from the report:
• 32 of the 40 largest healthcare systems in the US had a senior innovation officer.
• Half of senior innovation officers (52%) characterized their role as strategic.
• 1 in 4 senior innovation officers (24%) characterized their role as operational.
• 36% of senior innovation officers reported directly to the chief executive officer.
• Structurally, 80% resided within established organizational structures.
• 64% said the biggest barrier to innovation is culture/organizational structure.
Source: Health Management Policy and Innovation, April 2018
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