Policy

Healthcare Incentives and The Cobra Effect (#hcbiz 7)

The term cobra effect stems from an anecdote set at the time of British rule of colonial India. The British government was concerned about the number of venomous cobra snakes in Delhi. The government therefore offered a bounty for every dead cobra. Initially this was a successful strategy as large numbers of snakes were killed

Policy

50 Years of Healthcare Intermediation (#hcbiz 6)

Medicare was signed into law on July 30, 1965. Its original budget was around $10 billion and 19 million individuals signed up for Medicare during its first year. Today more than 50 million Americans are covered by Medicare at a cost approaching $600 Billion per year. According to author David Goldhill in Catastrophic Care, Medicare’s

Innovation

Will Software Eat Healthcare? (#hcbiz 5)

OK my #hcbiz friends, I have suggested reading for you and I strongly urge you to take me up on it. Software Eats Healthcare, For Dummies by Alex Danco has my brain going in high-gear tonight. It’s one of the more intriguing pieces I’ve ever read on healthcare innovation and what might be coming. I’ll

Culture

Overcoming Healthcare’s Fear (#hcbiz 4)

A doctor-friend of mine describes healthcare as an industry run by fear. Fear of an audit. Fear of a lawsuit. Fear of an adverse event. This manifests itself in an over-abundance of caution that leads us as an industry to move very slowly. In a fantastic post on the topic called Fighting healthcare’s resistance to change, Drex

Interop

Interoperability. What should we do now? (#hcbiz 3 – #HIMSS16 Edition)

This week’s chat will focus on interop. Check out Micky Tripathi and John Halamka’s post: Enabling Nationwide Interoperability — they identify 5 key transactions that we should focus on at the national level. They admit that there are other interop functions that could have value in the market, but advise that those “are best left to individual