How Technology Like Electronic Medical Records Lowers Healthcare Costs

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One prospective might be that we're shifting the responsibility from the doctor to the patient, but in reality, the doctor hands the patient a prescription for insulin or a pill, and since here you're on your own for the next three, four, five, six months, the responsibility has always been on the patient but we never gave the patient the tools with which to manage that responsibility in a supportive way.

Our approach is to create mobile medical devices that automatically transmit critical medical data right to the cloud, and from there to wherever it needs to go. It's a system that currently costs us two trillion dollars a year. The cost of the healthcare for the worker who assembles an automobile now exceeds the cost of the metal that's used in building that automobile.

It's the reason that America is losing its competitive edge in the world, and unless we do something about it, we will cease to be the country that we always aspired to be. The computer we have is not a digital computer, it's an analogue computer. Human beings are ideally suited for looking at your complex challenges and identifying a solution.

Human beings are probably least well suited for monitoring streams of data, and looking for the out layers, that's what machines are good at. And first of all, I would challenge the notion that it ought to be the doctor whose the primary person looking at this information. The primary agent looking at the information needs to be a machine that spotting the out layers.

I'm not sure exactly how to distinguish between managing disease and preventative medicine. On one hand, you could say there are things you could do in a 20 year old that would decrease the likelihood of diabetes at 40, that's clearly preventive. On the other hand, if you've got somebody who is 40 years old and has diabetes, there are a number of things you must do in order to prevent complications, is that managing the disease, or is that a preventive medicine or is that simply good medicine? Now, Electronic Medical Records alone aren't going to achieve what we need unless we can connect the patient to the system in real time.

Without that, all we've done is put a computer between a doctor and a patient and turn the doctor into a data entry clerk. We're at extraordinary risk of spending 20% of our gross domestic product on healthcare. That's money that we can't spend on roads, on bridges, on schools, on other critical areas of our national infrastructure and certain that we can't afford to spend 30% of our gross domestic product on health care without the country breaking.