'Fixing Health Care' is a Disservice to Society
— March 2, 2020
By Anat Lechner and Ian Marks
We should start by asking how we use existing and emerging technologies to invent a preventive, proactive, predictive, and personalized self-care system that delivers tenfold cost-effectiveness enhancements. How do we seize the new economics of a tech-enabled national health care system? Many of the tools needed to affect this transformation are now available; others are rapidly evolving. Health care policymakers need to focus on cultivating and rapidly incorporating a new tech-enabled paradigm of health management while phasing out the old.
The “old” features a long and costly drug discovery-to-delivery process with a 90 percent failure rate, and a drug target discovery rate of five per year, despite a $30 billion annual investment. Its surgeons guess the extent of patients’ clogged arteries using grayscale images that tell a vague story. The “old” consists of overburdened hospitals and clinics, antiquated administrative systems, well-intended care professionals suffering the highest-ever burnout rate, and three-in-ten Americans foregoing or deferring treatment due to the cost of care.
Read the full article in The Hill.
Anat Lechner is a Clinical Associate Professor of Management and Organizations