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Health Care and AI ML

Healthcare – Cost of Complexity

Quality healthcare is a continuous need of our life. Healthcare, as we understand, is a service provided by a medical practitioner based on consumer needs. It shall be similar to phone, electricity, water, sewer, kind of services to satisfy consumer needs.

Then,
  • Why is healthcare so complex and costly?
  • Why do we fear so much going to a medical practitioner?
  • Why do people take the advice of medical practitioners with a level of mistrust?
Let's look at healthcare services to understand core aspects:
  • Medical treatment for an ailment
    • General Physician
    • Surgeries
    • Labs
    • Pharmacy Healthcare
    • Diagnostics
  • Preventive Maintenance
    • Services Provided at clinics
      • General monitoring of vitals
      • Labs
      • Cleanings and corrections
  • Actions one is required to do himself
    • Diet Management
    • Management
    • Medicines Management
    • Vitals Monitoring

It looks simple, so why is healthcare so complicated, costly and full of mistrust. To find an answer I decided to look at how some of my other services reach to me and get some clues.

Healthcare

Let's look at electricity: You get electricity service based on per unit consumption. The power you consume comes to you by following a full chain of generation, distribution, metering. Various touch points have own associated costs. You get a single bill with details on the price you are paying for multiple touch-points of generation, distribution, and metering. Everything is with proper codes and explanations at the rate you agreed to pay. We see few here, a well-defined service with delivery model and associated cost with a clear understanding of what you get and what you are expected to pay for it. Price reduced by improving the delivery mechanism with lower overheads, identification of cheaper sources of generation and better metering mechanism with less wastage, on top of it, the constant awareness of money and environmental benefits to consumers for using low energy managed devices.

So let's map the same innovation to healthcare service by making them.
  • More upfront consumer visibility into the service type and cost
  • Every service process has a code and associated cost
  • The more efficient delivery mechanism reducing wastage
  • Make consumer the in charge of cost management
    • Cost-benefit visibility of various preventive maintenance actions
    • Tools and incentives for managing the preventive maintenance
    • Reduce the cost of preventive maintenance services

With the innovation in smartphones, AI, internet connectivity at everybody’s tip and efficiency brought by cashless transactions, remote monitoring and remote delivery of service, modern thin and very simple but smart platforms where healthcare service providers can provide efficient services with no overhead.

"The future of healthcare is small, distributed and digital. Smaller medical facilities can perform services through the latest technology to lower cost of treatment to patients. Patients can follow up virtually using smartphones with medical care providers. AI can handle patient monitoring and preventive suggestions."
 

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Whiznets
A11040 Bollinger Canyon Road Suite E- 206, San Ramon CA, 94582, USAEsales@whiznets.comM +1-4087157654

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