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Are MDs and FAs being Replaced by Robotic Technology?

45 Responses

1. Shylo, on August 12, 2013 at 10:34 AM said:

   Democratized Artificial Intelligence

   Much chatter on social media and technology lately … But, in addition to social media, we’re on the verge of being able to remotely access AI to generate a reasonably accurate list of diagnoses, suggested tests and recommended do-it-yourself treatments that include the option of doing nothing.

   http://diseasemanagementcareblog.blogspot.com/2013/08/the-top-ten-advances-in-reorganization.html

   Shylo

   LikeLike
2. Dr. David Edward Marcinko MBA CMP™, on August 13, 2013 at 2:36 PM said:

   Microsoft Health Tech Today
   [Hot Technology Tools]

   Here, MicrosoftinHealth’s Joel French, VP of Motion Computing, shares the latest advances in mobile clinical devices and provides insider tips on managing successful healthcare IT implementations.

   Enjoy.
   Dr. David Edward Marcinko MBA CMP™

   LikeLike
3. Dr. Finklestein, on August 20, 2013 at 7:19 PM said:

   Remote phone diagnosis for concussions?

   Definition: http://www.mayoclinic.com/health/concussion/DS00320

   Diagnosis: http://thehealthcareblog.com/blog/2013/08/19/diagnosing-concussions-and-assessing-balance-on-your-iphone/

   Dr. Finklestein

   LikeLike
4. Ishmail, on August 21, 2013 at 9:56 PM said:

   Robotic Surgery

   Robotic-assisted procedures are now widely performed. The major question is whether their high costs outweigh their benefits compared with laparoscopy.

   Too Much, Too Soon?

   Ishmail

   LikeLike
5. Dr. Burgdorff, on August 27, 2013 at 11:38 PM said:

   Will Technology Make Primary Care Doctors “Whole?”

   An essay by James E. Lewis Ph.D.

   http://wingofzock.org/2013/08/27/will-technology-make-primary-care-doctors-whole/

   And, an excellent topic for consideration.

   Dr. Burgdorff

   LikeLike
6. Leslie, on September 1, 2013 at 12:51 PM said:

   H-Tech

   Can technology help individualized medical decision making?

   http://www.kevinmd.com/blog/2013/09/technology-individualized-medical-decision-making.html

   Leslie

   LikeLike
7. Hope R. Hetico RN MHA, on September 3, 2013 at 10:17 AM said:

   Can telepsychiatry really work?

   An essay by Greg Smith, MD.

   http://www.kevinmd.com/blog/2013/09/telepsychiatry-work.html

   Hope R. Hetico RN MHA

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8. Dr. David Edward Marcinko MBA CMP™, on September 4, 2013 at 6:09 PM said:

   Health care through the lens of a technology entrepreneur

   If you want to see the future of health care, but can’t attend the Health Innovation Summit, hosted by Rock Health in San Francisco later this year, be sure to take a look at this link:

   http://www.kevinmd.com/blog/2013/09/health-care-lens-technology-entrepreneur.html

   It will blow your mind!

   Dr. David Edward Marcinko MBA CMP™
   http://www.CertifiedMedicalPlanner.org

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9. Dr. David Edward Marcinko MBA CMP™, on September 5, 2013 at 10:31 AM said:

   Unaccountable health care

   http://www.healthnewsreview.org/2013/09/unaccountable/

   Are we under reporting robotic surgery problems?

   Dr. David Edward Marcinko MBA CMP™
   http://www.CertifiedMedicalPlanner.org

   LikeLike
10. Ken Yeung, on September 5, 2013 at 6:25 PM said:

    On Technology

    History has shown us that with any advancement of technology that promotes the ease of human “control” over our familiar environment will always bring out the fear factor with resistance. Over time, we as human will learn to either adapt to it or choice to ignore it.

    For those who choose to ignore it will eventually fall further behind the evolution of the changing technology and for those who choice to adapt to new technology will usually continue keep abreast of it.

    Ken Yeung
    Certified Medical Planner™ candidate

    LikeLike
11. Stuart, on September 12, 2013 at 12:53 AM said:

    Financial Advisor Threat?
    [Beware a Wave of New Online Services Incoming]

    Get ready for a new wave of low-cost, online-only financial advice companies.

    http://www.financial-planning.com/news/advisor-threat-wave-of-new-online-services-incoming-2686404-1.html?ET=financialplanning:e14771:86235a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=FP_Wealth__091113

    More technology – ugh!

    Stuart

    LikeLike
12. Dr. David Edward Marcinko MBA CMP™, on September 23, 2013 at 12:10 PM said:

    At Fake Hospital – Kaiser Runs a Testing Ground for New Technology

    Pushing around supply carts for miles, tending to plastic babies, and maintaining an ersatz operating theater are how one health-care giant figures out what saves money.

    http://www.technologyreview.com/news/518896/at-fake-hospital-kaiser-runs-a-testing-ground-for-new-technology/?utm_campaign=socialsync&utm_medium=social-post&utm_source=app-net

    Dr. David Edward Marcinko MBA CMP™
    [Editor-in-Chief]

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13. Dr. David Edward Marcinko MBA CMP™, on September 26, 2013 at 1:19 PM said:

    Medicine is stuck in the 80’s
    [A “reverse” comment on my own ME-P]

    I recently watched the new TV show, The Goldberg’s, the other night. While it is a comedy set in the 1980’s, it occurred to me that much of domestic medical care seems set in that same time zone. But, it is NOT funny. Much of our world has changed, and yet far too many elements of our healthcare system seem stuck in the 1980s or before.

    For example:

    * Most important medical information is sent by FAX machine.
    * Data is often siloed between clinics and hospitals down the street from each other.
    * Blood pressures, lab results and blood glucose values are scribbled down in notebooks and rarely if it all shared with the patient’s clinicians.
    * Appointments are often difficulty to obtain, and sourced through multiple choice phone systems.
    * And, hard to decipher prescriptions are hand carried to pharmacies.
    * Waiting rooms are still, well, waiting rooms, replete with old magazines and #2 pencil forms asking the same questions about allergies and addresses to be filled out ad infinitum.

    The above described medical practice scenario is not fiction; it is very REAL. Technology – not for the MD masses.

    And so, should we rename most solo or small group medical practice sitcoms, “Back-to-the-Future?”

    Evidence: http://www.hiewatch.com/news/hospitals-understand-hie-value-still-struggle

    Dr. David Edward Marcinko MBA CMP™
    http://www.CertifiedMedicalPlanner.org

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14. Dr. Carlyle, on September 26, 2013 at 4:52 PM said:

    New Sedation Machine Leads to Cheaper Colonoscopies
    [Doctors Not Happy]

    Dr. Marcinko – Anesthesiologists, who are among the highest-paid physicians, have long fought people in health care who target their specialty to curb costs.

    http://online.wsj.com/article/SB10001424052702303983904579093252573814132.html?utm_source=Copy+of+Copy+of+9.24.13&utm_campaign=11713&utm_medium=email

    Now the doctors are confronting a different kind of foe: machines.

    Dr. Carlyle

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15. Remy, on September 27, 2013 at 10:38 AM said:

    Researchers Warn About Derm Apps
    [On the other hand]

    Mobile dermatology applications may help people learn about UV rays or keep tabs on their moles, but they are not a substitute for seeing a doctor.

    http://www.reuters.com/article/2013/09/26/us-health-dermatology-app-risk-idUSBRE98P0KN20130926?utm_source=Copy+of+Copy+of+9.24.13&utm_campaign=11713&utm_medium=email

    They searched online stores and found over 200 dermatology apps, half of them made for non-doctors. Those included sunscreen recommendation guides, mole photo storage apps and tools meant to help diagnose melanoma.

    So, beware!

    Remy

    LikeLike
16. Kevin, on September 29, 2013 at 12:07 PM said:

    Using Skype for patient visits

    http://www.kevinmd.com/blog/2013/09/skype-patient-visits-doctor-sanctioned.html#_methods=onPlusOne%2C_ready%2C_close%2C_open%2C_resizeMe%2C_renderstart%2Concircled%2Cdrefresh%2Cerefresh&id=I0_1380456376637&parent=http%3A%2F%2Fwww.kevinmd.com&pfname=&rpctoken=2767582

    A doctor is sanctioned for using technology.

    Kevin

    LikeLike
17. Hope Rachel Hetico RN MHA CMP™, on November 10, 2013 at 11:36 AM said:

    Doctor Dinosaur

    According to colleague Dennis Bethel MD, a contributor to our newest textbook under production [TRANSFORMATIONAL FINANCIAL PLANNING 2.0 FOR DOCTORS, HEALTH PROFESSIONALS AND ADVISORS], physicians may not be exempt from extinction.

    http://www.kevinmd.com/blog/2013/11/physicians-exempt-extinction.html

    What do you think?

    Hope Rachel Hetico RN MHA CMP™
    [Managing Editor]

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18. Hope Rachel Hetico RN MHA, on November 11, 2013 at 1:36 PM said:

    Primary Care Technicians: A Solution To The Primary Care Workforce Gap
    [by Arthur L. Kellermann, John W. Saultz, Ateev Mehrotra, Spencer S. Jones, and Siddartha Dalal (Health Affairs)]

    Efforts to close the primary care workforce gap typically employ one of three basic strategies: train more primary care physicians; boost the supply of nurse practitioners or physician assistants, or both; or use community health workers to extend the reach of primary care physicians.

    In this article we briefly review each strategy and the barriers to its success. We then propose a new approach adapted from the widely accepted model of emergency medical services. Translating this model to primary care and leveraging the capabilities of modern health information technology, it should be possible to create primary care technicians who can dramatically expand the impact and reach of patient-centered medical homes by providing basic preventive, minor illness, and stable chronic disease care in rural and resource-deprived communities.

    Hope Rachel Hetico RN MHA

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19. Dr. Luke, on November 12, 2013 at 2:52 PM said:

    Concerns About Robotic Surgery Device

    Hope – The robotic da Vinci Surgical System is linked to “an overall increasing trend in the rate of injury and death reports” since 2004, according to a draft analysis of such events reported to the FDA.

    The analysis, by the chief of adult cardiac surgery at Rush University Medical Center and co-authors from the University of Illinois and Massachusetts Institute of Technology, focused on all adverse-event reports made to the FDA from January 2000 through last December.

    But, the company disagreed with the analysis, according to Dave Rosa, Intuitive’s senior vice president for scientific affairs.

    http://online.wsj.com/news/articles/SB10001424052702304672404579186190568061568?utm_source=Copy+of+11.8.13&utm_campaign=11713&utm_medium=email

    So, I think we humans will be around a bit longer.

    Dr. Luke

    LikeLike
20. Heather, on November 12, 2013 at 11:22 PM said:

    Beautifully detailed artificial cadavers
    [Much like a 3D jigsaw puzzle that pumps heated blood]

    According to this ad, a mere $40K gets you Syndaver’s full-body practice cadaver, a beautifully detailed surgical simulator, with:

    “skin with fat and fascia planes, every bone, muscle, tendon, and ligament in the body, fully articulating joints, a functioning respiratory system including trachea, lungs, and diaphragm, a complete digestive tract from the esophagus to rectum, the urinary tract (kidneys, bladder, and urethra), visceral organs (liver, gall bladder, pancreas, spleen), reproductive organs, a circulatory system with heart and coronary arteries, aorta, vena cava, and the primary arterial and venous trunks leading to the extremities.”

    http://boingboing.net/2013/11/07/beautifully-detailed-artificia.html

    So, I don’t know about MDs and FAs; but it looks like technology is replacing patients [at least the dead kind].

    Heather

    LikeLike
21. Jay Parkinson MD, on November 16, 2013 at 12:18 PM said:

    Can technology be a change agent for health care?

    I was invited to attend a private breakfast with book author, surgeon, and New Yorker contributor Dr. Atul Gawande shortly before Dr. Gawande’s talk at The New Yorker Festival.

    http://www.kevinmd.com/blog/2013/11/technology-change-agent-health-care.html

    Over breakfast, Dr. Gawande spoke with IBM executive Dr. Paul Grundy on the future of health care. The event was sponsored by IBM so there was plenty of talk about how technology can and will influence the practice of medicine — from big-data diagnoses and personalized medicine to enhancing doctor-patient communications.

    Jay Parkinson MD
    via Ann Miller RN MHA

    LikeLike
22. R2D2, on November 24, 2013 at 1:15 PM said:

    The new high-tech you

    Some of the most forward-thinking minds in science, medicine and technology are taking the integration of high-tech and human body further than ever.

    http://money.msn.com/investing/the-new-high-tech-you

    R2D2

    LikeLike
23. Rex, on December 1, 2013 at 1:54 AM said:

    HIT Innovation

    See the latest innovations from GE Healthcare.

    http://www3.gehealthcare.com/en?mkt_tok=3RkMMJWWfF9wsRokvqvOZKXonjHpfsX56OorUKKg38431UFwdcjKPmjr1YIETsB0aPyQAgobGp5I5FEISrXYT6hzt6ILXA%3D%3D#tabs/tabA7EBCE2F4E664EB7829D5975DDC50267

    These new product introductions continue to push the frontiers of disease diagnosis, as well as to support improvement in information and data sharing within healthcare institutions and with other care professionals.

    Rex‏

    LikeLike
24. Shylo, on December 3, 2013 at 10:49 PM said:

    Robots to Cure Rare Diseases

    http://blogs.wsj.com/health/2013/12/03/robots-to-cure-rare-diseases-a-reddit-ask-me-anything-ama/?mod=WSJBlog

    A Reddit Ask Me Anything (AMA)?

    Shylo

    LikeLike
25. Dr. David Edward Marcinko MBA, on January 11, 2014 at 1:25 PM said:

    Future Advisor

    FA is an award winning registered investment advisory firm serving clients nationwide from offices in downtown San Francisco.

    They may not be perfect but their team of Chartered Financial Analysts and Math PhDs are said to use technology and software to actively monitor and manage our clients’ existing 401(k), IRA, and taxable accounts from a household-wide, long-term perspective.

    http://www.FutureAdvisor.com

    Normal advisors typically charge over 1% of assets managed. FA technology cuts costs in half. Check em’ out.

    Dr. David Edward Marcinko MBA

    LikeLike
26. Dr. David Edward Marcinko MBA, on January 22, 2014 at 8:56 PM said:

    VIDEO: An inside look at Google Glass for physician use

    Contemporary OB/GYN technology columnist Brian A. Levine, MD, MS, introduces physicians to Google Glass, a wearable technology with many advanced medical applications

    http://contemporaryobgyn.modernmedicine.com/contemporary-obgyn/news/video-introduction-google-glass-physician-use

    Dr. David Edward Marcinko MBA

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27. Dr. David Edward Marcinko MBA, on February 20, 2014 at 11:09 PM said:

    The Medical Arms Race – PodCast

    ProPublica’s Charles Ornstein and Steve Engelberg discuss how a peculiar ad for the da Vinci robot offers a glimpse into the hardball world of marketing medical devices.

    http://www.propublica.org/podcast/item/podcast-the-medical-arms-race/?utm_source=et&utm_medium=email&utm_campaign=dailynewsletter

    Fascinating.

    Dr. David Edward Marcinko MBA

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28. Hal, on May 21, 2014 at 6:41 PM said:

    More on Robo-FAs

    1. http://www.businessinsider.com/investment-tips-for-the-99-2012-3
    2. http://www.pcmag.com/article2/0,2817,2401801,00.asp

    Hal

    LikeLike
29. Ann Miller RN MHA, on June 3, 2014 at 11:40 PM said:

    Enter the Doctor – Bots?

    Robots Are Coming and They Plan to Treat Doctors like Morons

    http://thehealthcareblog.com/blog/2014/06/02/robots-are-coming-and-they-plan-to-treat-you-like-a-moron/

    Ann Miller RN MHA

    LikeLike
30. Carmine, on June 4, 2014 at 12:09 PM said:

    Advisors Question Morningstar’s Options for DIY’ers

    Morningstar is offering DIY investors direct access to its separately managed accounts.

    http://www.financial-planning.com/news/investment_products/advisors-question-morningstar-diy-options-2689411-1.html?utm_campaign=daily-jun%203%202014&utm_medium=email&utm_source=newsletter&ET=financialplanning%3Ae2708496%3A86235a%3A&st=email

    And, some doctors and nurses are also in a twit about technology destroying healthcare.

    http://thehealthcareblog.com/blog/2014/06/03/doctors-and-nurses-in-a-twit-about-technology-destroying-healthcare/

    The Robo-Advisors are well on their way. Get used to it.

    Carmine

    LikeLike
31. Eugene Schmuckler PhD EdD MBA, on June 4, 2014 at 5:35 PM said:

    Enter the Certified Medical Planner™ Niche

    Of course, fee-based advisory services are becoming commoditized. Fees are decreasing, in part, because investors’ access to information and expertise—in the form of low-cost online platforms or Robo-Advisors, for example, has increased.

    Greater access to free or low cost information and expertise makes it harder for investors to distinguish the value of one advisor from another. Investors shop around based on fees, further driving down those prices.

    But, cutting expenses alone may not be enough for advisors to offset the fee decline. At best, financial advisors could expect to maintain their revenues, but perhaps not for long.

    Financial advisors who want to grow their revenues essentially have two options: go bigger or specialize.

    We prefer the latter for medical clients and the lucrative healthcare provider sector.

    Eugene Schmuckler PhD EdD MBA
    [Academic Dean]
    http://www.CertifiedMedicalPlanner.org

    LikeLike
32. Mary, on June 9, 2014 at 7:06 PM said:

    Future Doctors?

    http://thehealthcareblog.com/blog/2014/06/07/the-future-of-the-physician/

    A chilling expose’.

    Mary

    LikeLike
33. Hope Rachel Hetico RN MHA, on July 25, 2014 at 11:18 PM said:

    Robo-Advisor Assets Up 37%

    Diana Britton reported that Robo-Advisor assets grew 37 percent in the last three months to a total of $15.7 billion, up from $11.5 billion since March, a recent Corporate Insight study found.

    http://wealthmanagement.com/blog/robo-advisor-assets-37?NL=WM-10&Issue=WM-10_20140725_WM-10_653&YM_RID=marcinkoadvisors%40msn.com&YM_MID=1478680&sfvc4enews=42&cl=article_2

    Hope Rachel Hetico RN MHA

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34. Dr. David Edward Marcinko MBA, on August 10, 2014 at 3:29 PM said:

    Enter the Robo Providers

    10 potential benefits of robot caregivers

    http://www.kevinmd.com/blog/2014/08/10-potential-benefits-robot-caregivers.html

    But, are these really “highest and best” use – you decide?

    Dr. David Edward Marcinko MBA

    LikeLike
35. Abraham, on August 15, 2014 at 5:28 PM said:

    On Motif Investing
    
    Instead of buying mutual funds that revolve around specific asset classes or investing styles, what if retail investors could focus on themes, or “motifs,” such as cybersecurity, cloud computing or even 3-D printing? Motif Investing lets you do just that.

    Started by former Microsoft executive Hardeep Walia, the online brokerage allows investors to build stock and bond portfolios based on everyday ideas and broad economic trends—and share those ideas with friends. A motif like home improvement, for example, will contain up to 30 stocks, each researched and weighted to their exposure to the theme. Investors have the power to change the weight of any of the stocks—or even delete some of them—until they get the portfolio they want.

    The commission for up to 30 stocks in one motif: $9.95. The company is attracting some heavy hitters with its customer-centric approach. Goldman Sachs, JPMorgan Chase and Norwest Venture Partners have already invested in the company. The board of directors boasts Arthur Levitt Jr., former chairman of the Securities and Exchange Commission, and Sally Krawcheck, former president of Bank of America’s Global Wealth and Investment Management group.

    http://money.msn.com/investing/c_galleryregular.aspx?cp-documentid=253819640

    Abraham

    LikeLike
36. Robo-Blogger, on August 24, 2014 at 11:33 AM said:

    Are workplace robots killing the middle class?

    A new paper argues that automation is polarizing the labor market, creating more jobs at both ends of the skills spectrum.

    http://money.msn.com/top-stocks/post–are-workplace-robots-killing-the-middle-class

    Nee-ner / Nee-ner

    Robo-Blogger

    LikeLike
37. Dr. Hetherington, on September 24, 2014 at 11:14 AM said:

    The Robo-Doctors

    Rest assured. Technology will not replace doctors.

    http://thehealthcareblog.com/blog/2014/09/23/will-technology-replace-doctors/

    But, emerging technologies have the capacity to replace, streamline, or even render unnecessary much of the work that doctors do — in ways that actually increases the value and productivity of physicians.

    Dr. Hetherington

    LikeLike
38. Mary, on October 2, 2014 at 10:46 PM said:

    Replace Docs?

    Uh! Maybe NOT.

    http://thehealthcareblog.com/blog/2014/10/02/wait-maybe-technology-wont-replace-doctors-after-all/

    Mary

    LikeLike
39. Ike, on January 6, 2015 at 4:31 AM said:

    Robots

    Did you know that technology is making even many service jobs tradable, enabling them to be offshored to Asia and other emerging markets? And, eventually, technology will replace manufacturing and service jobs in emerging markets as well.

    Today, for example, a patient in New York may have his MRI sent digitally to, say, Bangalore, where a highly skilled radiologist reads it for one-quarter of what a New York-based radiologist would cost.

    http://www.msn.com/en-us/money/careerandeducation/will-you-find-work-once-the-robot-revolution-hits/ar-BBhxunN?ocid=iehp

    But, how long will it be before a computer software can read those images faster, better, and cheaper than the radiologist in Bangalore can?

    Ike

    LikeLike
40. Dr. David Edward Marcinko MBA, on March 27, 2015 at 7:03 AM said:

    Enter the ROBO-ADVISORS

    Machines beat humans at chess. Machines can pilot airplanes to land at O’Hare or on Mars. There is now a machine that beats the best of us at Jeopardy. And, many predict that an Artificial Intelligent medical clinician is ten years away. And, no one will use a biological doctor in twenty five years. Then, the singularity.

    So, if you THINK ROBO-Advisors won’t decimate the industry … think again!

    Dr. David Edward Marcinko MBA
    http://www.CertifiedMedicalPlanner.org

    LikeLike
41. Schmuel, on April 3, 2015 at 1:36 PM said:

    Human / Robotic Hybrids

    FutureAdvisor has two flat fee-based plans: the $49/yr “Gold Plan” gets you call time with a live advisor and 24/7 portfolio monitoring, or the $195 “Platinum” plan, gives you face-time and unlimited video calls with an advisor.

    Link: https://www.futureadvisor.com/

    Rates are flat and they don’t depend on how much money you have. The advice for free. They do not invest it for you, and don’t take a percentage of assets and also don’t work on commission.

    More: http://www.businessinsider.com/investment-tips-for-the-99-2012-3#ixzz3WFknOy3m

    Schmuel

    LikeLike
42. Dr. David Edward Marcinko MBA CMP™, on April 3, 2015 at 1:42 PM said:

    Schmuel,

    Many thanks for the comment. This is exactly why we believe all FAs must have true subject matter knowledge and an informed NICHE space.

    Dr. David Edward Marcinko MBA CMP™
    http://www.CertifiedMedicalPlanner.org

    LikeLike
43. Linda, on April 4, 2015 at 12:57 PM said:

    Dr. Marcinko,

    I could not agree more, and I will be starting the CMP program soon.

    Linda

    LikeLike
44. John, on June 20, 2020 at 4:32 PM said:

    ROBOTS

    https://www.technologyreview.com/2020/06/17/1003328/covid-19-could-accelerate-the-robot-takeover-of-human-jobs/?truid=349b552221c994e2540a304649746d7c&utm_source=weekend_reads&utm_medium=email&utm_campaign=weekend_reads.unpaid.engagement&utm_term=non-subs&utm_content=06-20-2020

    John

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45. Editor-in-Chief, on January 26, 2022 at 6:19 PM said:

    Robo Financial Advisors.

    AIEQ is run by EquBot, the co-founders’ AI investment platform and portfolios-as-a-service (PaaS) company. The ETF uses EquBot’s tens of thousands of proprietary models, and each day, the platform focuses on pulling data points related to the 6,000 US companies it tracks. Since 80,000 AI models is far too many for humans to manage, the company leans on IBM Watson to monitor them.

    AIEQ learns from structured data, the traditional kind that’s always been used in the finance world, like revenue, growth, R&D expenditure, and market movements.
    But it also gets insights from unstructured data, like news articles, blogs, corporate innovation announcements, and social media.

    The models have been trained on historical data ranging from five to 30 years, weighing recent data more heavily.

    READ: https://www.morningbrew.com/emerging-tech/stories/2022/01/26/how-the-world-s-first-ai-managed-etf-stacks-up-almost-five-years-later?utm_campaign=etb&utm_medium=newsletter&utm_source=morning_brew&mid=349b552221c994e2540a304649746d7c

    DEM

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