Will Technology Help Relieve Financial Burdens in Healthcare?

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We have an economy that is really doing poorly, and we have a health care system that is in anchor on the economy where by it's not as efficient as it could be. There is a rising cost of the care over time. We don't have a really good understanding of the value equation, the quality over the cost as I mentioned, and so, we need to leverage technology like every other industry has in the history of time. We need to leverage technology for health care more than any other industry, because if we do not become more efficient, and manage, and provide the highest quality of care to our citizens, we will continue on this cycle of bankruptcy with health care delivery. Medicare is one of the highest cost in the United States government, and we need to leverage information technology to help us understand, how to manage patients better, to provide higher quality, to understand the cost of care, and how to, not necessarily bring that down, but to certainly flatten that curve.

So the 17% of healthcare cost as a percentage of our GDP is a flatten curve. The other opportunity is an exciting one, because with every technology since the history of time, when you go back to arrow heads, or wheels, or planes, or trains, any innovation that we came up with even the cell phone, had one thing in common.

It improve the quality of health for humans on the planet, the quality of life for humans on the planet. What better quality improvement is there than health care or health itself. And so, we actually have an opportunity to not just flatten the cost curve for health care, but actually develop in the industry around health IT, health information systems, better models of care, that will actually stimulate more industry opportunities and more jobs.

And so you end up raising the GDP by virtue of the new economy around health IT, and you flatten the overall percentage of cost.