Are we at ‘The daybreak of digital medication’? – Healthcare Economist


With the rise of telemedicine because of the COVID-19 pandemic and–earlier than that–the rising ubiquity of smartphones, digital medication seems to be the wave of the long run. At the least that’s the subject of a current article on well being care and know-how in The Economist.

Regardless of all this hope, we’re removed from a completely digital well being care system. As an illustration,

Some 70% of American hospitals nonetheless fax and submit affected person information. The CEO of an enormous hospital in Madrid stories nearly no digital record-sharing throughout Spain’s areas when the irst wave of COVID-19 washed over the nation this spring.

Like many such articles, The Economist evaluations new thrilling applied sciences (and frothy market valuations) for telemedicine, interoperable digital well being information, as properly sensor-based and app-based choices in addition to in fact the compulsory point out of “precision medication” and “medical synthetic intelligence (AI)” and the way Apple, Google and Amazon–amongst others–plan to play within the digital well being area. However maybe most attention-grabbing is the challenges that these firms want to beat, a topic of which I mentioned on a concern panel at ISPOR Europe 2020.

The article mentions the necessity for partnership: (i) between tech companies and well being care consultants and (ii) between these partnerships and the suppliers on the group who’re truly treating sufferers. With respect to the previous:

Drugs is a regulatory minefield with highly effective incumbents the place huge tech’s enterprise fashions, significantly the ad-supported type, aren’t a pure match. However the pandemic has additionally highlighted that present suppliers’ snazzy {hardware} and dear providers too seldom genuinely enhance well being outcomes. If the brand new technology of digital applied sciences is to thrive it should “enhance well being, not enhance prices”, thinks Vivian Lee of Verily. Her agency is transferring away from fee-for-service to risk-based contracts that pay out when outcomes enhance (eg, if diabetics get blood sugar beneath management or extra individuals get eye exams).

And the latter:

Dr [Stephen] Klasko [chief executive of Jefferson Health, which runs hospitals in Philadelphia]…is embracing the hybrid strategy with gusto. “It’s essential to have partnerships with suppliers, not simply lots of of unconnected apps.”

Most vital, the know-how should not simply be “cool” or “progressive”, it will need to have concrete proof that it both improves affected person outcomes or reduces value (or ideally each). As within the case of the analog world, concrete proof of worth will rule the day in digital.

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