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Value-based Healthcare - Value for Whom?

Another buzzword in the clinical and financial transformation milieu that is occurring in the healthcare world is the term “value-based” followed by whatever contextual word or phrase you choose to use. But what kind of value are we hoping to achieve and to whom is it going to accrue? The triple aim of healthcare is founded on the basic tenants of business value and they include the following: Lower the overall cost of healthcare Improve the quality of outcomes (product), and Increase the service satisfaction of patients In this dissertation we are not going to argue the merits of trying to achieve all of these broad goals and that may be the topic of a future blog, but rather the question

Key Components of IOT (Internet of Things)

IDC Introduction: IDC believes that healthcare innovation can be leveraged from other industries. Our guest contributor in this blog post is a technology expert in the Energy and Healthcare industries. Getting a handle on IOT can be complex. There are many components needed to create an end to end solution. The following is some more detail on the emerging IOT revolution. According to Doug Davis, SVP/GM IOT who is driving the IOT platform strategy at Intel, the internet of things is an evolution of computing, devices connected to the internet, that are generating huge amounts of data, integrating compute into the process end to end and requiring new analytics to operate on that data.

Single-Payor or Healthcare Business Network Manager - which makes more sense?

IDC Introduction: IDC believes that healthcare innovation can be leveraged from other industries. Our guest contributors in this blog post are experts in the Energy industry. The healthcare industry in the US faces huge challenges. As we approach healthcare consuming 20% of GDP the question of sustainability is bound to re-emerge. While Healthcare Reform has provided more access to healthcare and provided more options as well, the fundamental problems of cost and quality remain. The rest of the world has a "basic" government provided insurance. On top of this private insurance is provided for "added benefits" such as private hospital treatment etc.. above and beyond the basic level. Howeve

The Increasing Role of Government In Healthcare

The challenge for President-Elect Donald Trump will be in the competing goals of special interests versus the consumer. The US Government has steadily gained the upper hand in controlling the healthcare industry and it is the most powerful special interest that consumers need to be concerned about. Why? If you look at examples around the world where the government controls healthcare services, pricing and payments, it becomes clear that quality becomes a function of cost and time. This means that if you want high quality the consequence is high taxes to pay for it and it does not necessarily translate into getting the service when you want or need it. Those who can afford high-quality an