Consolidation in healthcare: “Cigna has agreed to buy pharmacy benefit giant Express Scripts for $52 billion in cash and stock. Including debt, the deal is valued at $67 billion.”
Original source: Cigna acquiring Express Scripts
“We have got a huge, competitive disadvantage in American businesses, far more important than any tax change, in terms of our healthcare costs.”
Original source: Warren Buffett reveals more details about healthcare venture with JPMorgan and Amazon
‘There aren’t many, but the announcement says this new entity focuses on “technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost,” beginning with the companies’ own workers.’
Original source: Amazon, Berkshire Hathaway, JPMorgan form health care mega-company
China’s overall healthcare IT solutions market reached a size of US$3.8 billion in 2015. Market size is expected to hit US$6.5 billion, with a CAGR of 11.1% in the 2015-2020 period.
That’s a lot of growth. See the full press release for some details on sub-markets.
Source: IDC: Healthcare Reform and 3rd Platform Technologies Drive Healthcare IT Solutions in China
As software eats the world, this kind of mismatch between “fail fast” and “must be perfect on day one” will happen constantly.
NHS Health Apps Library full of data-spaffing apps, claims studies
This is a fun point with a good enterprise-y use case on how much change is actually required to “go digital”:
A typical approach to digitalization in this scenario is to have a nurse carry an electronic tablet rather than a clipboard with papers, and use the tablet to enter data directly into the EHR system while conducting the rest of the process the same way as before. While “mobile-enabling” the process adds a few new benefits (more accurate data available more quickly), it does not present a fundamental change to the work. It still involves manual entry data and still takes a lot of time. Worse, Peter is still spending a significant time on activities that don’t involve providing direct care to his patients.
Instead, if caregivers like Peter and others work with a team of technical and management individuals with healthcare experience and skills, the hospital where he works could radically rethink the work and embrace even more digital technology. Such Internet of Things (IoT) technologies will vary according to the problem they need to solve, but in a hospital this could include smart beds, connected physiological monitors, and smart ventilators and IV pumps. By instrumenting the bed and a variety of other physical objects, vital patient information can now be transferred electronically directly into the EHR environment – no paper, no human data entry.
Otherwise, yeah, you’re just moving manual entry to tap entry. It might solve back-end problems of cleaning the data, cut that’s likely not enough.