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Posted on June 19, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

START-UPS AND INNOVATIONS

Health tech investment raced ahead in 2020. Join innovation insiders for a discussion on new health technologies, health-care’s digital transformation timeline, and what to expect for mid- to long-term health tech investment.

Health Care Technology Today | Canadian Physiotherapy ...

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Organizational Innovation to Improve the Efficiency of Health Care Markets

Posted on May 2, 2011 by Dr. David Edward Marcinko MBA MEd CMP™

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 | 2 Comments »

Where Are The Health Care Entrepreneurs?

Posted on June 24, 2010 by Dr. David Edward Marcinko MBA MEd CMP™

The Failure of Organizational Innovation in Health Care

Submitted by Ann Miller RN, MHA

[Executive-Director]

The following quote is from a white paper by David M. Cutler

NBER Working Paper No. 16030
Issued in May 2010

Medical care is characterized by enormous inefficiency. Costs are higher and outcomes worse than almost all analyses of the industry suggest should occur. In other industries characterized by inefficiency, efficient firms expand to take over the market, or new firms enter to eliminate inefficiencies. This has not happened in medical care, however.

Therefore, this paper explores the reasons for this failure of innovation. I identify two factors as being particularly important in organizational stagnation: public insurance programs that are oriented to volume of care and not value, and inadequate information about quality of care.

Assessment

Recent reforms have aspects that bear on these problems.

Link: http://papers.nber.org/papers/w16030

Conclusion

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Filed under: "Doctors Only", Career Development, Health Economics, Practice Management | Tagged: Consumer Healthcare Efficiency Indices, David Cutler, Health Care Entrepreneurs, Health Care Innovators, healthcare efficiency, heathcare costs, Innovation Health Care | 8 Comments »

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