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Emulate India's innovation in healthcare: Harvard study

Emulate India's innovation in healthcare: Harvard study | Health Innovation | Scoop.it

In a rare case of heaping praise on India's healthcare, a study in Harvard Business Review (HBR) has urged the West to emulate India's economically viable healthcare facilities for its new-age innovation and cost-cutting techniques.

 

The study describes ultra-low costs and innovations in technology in Indian hospitals from constant experimentation, adaptation and necessity are pointing the way to move forward at a time when the global healthcare industry has been hit by the economic slowdown.

 

HBR, which is a wholly-owned subsidiary of Harvard University, reporting to Harvard Business School, published the study by authors Vijay Govindarajan and co-author Ravi Ramamurti, who hold key posts in top biz schools overseas, in its November 2013 issue.

 

The authors studied more than 40 hospitals practicing innovative strategies.

 

Nine among them, treating eye, heart, kidney, bones, cancer and maternity care, were selected for an in-depth study and were found to be providing world class healthcare at 95% lower costs compared to US hospitals.

 

"Necessity spawns innovation. Apollo Hospitals asked suppliers to shorten the length of sutures after it found that its doctors routinely discarded one-third of each suture," says Vijay Govindarajan, professor of International Business at Tuck School of Business at Dartmouth, Hanover, USA.

 

Many innovations, sparked by the need to overcome constraints in emerging markets have been highlighted.

 

Scooped from: http://articles.timesofindia.indiatimes.com/2013-10-19/india/43199615_1_harvard-business-review-global-healthcare-industry-indian-hospitals


Via nrip
Paulo Machado's insight:

Many lessons can be learned from outside the US - key challenge will be how to align incentives & reduce costs.  The US has gotten used to a multi trillion $ industry...  Leveraging emerging health tech to create efficiencies will lead to significant margin compression & headcount reduction. 

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Connected Digital Health & Life's curator insight, December 1, 2013 3:35 AM

setting low cost feasable sustainable examples - go india!

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Healthcare providers test new venture capital, innovation models

Healthcare providers test new venture capital, innovation models | Health Innovation | Scoop.it
A few academic medical centers, physician networks and health plans are thinking differently about venture capital by coming up with new ways to spark healthcare entrepreneurship.
Paulo Machado's insight:

Transformation of #healthcare biz model is long overdue - nothing creates focus like the prospect of hanging in the 'morning'... :0

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ResearchKit: three reasons for pharma to be optimistic

ResearchKit: three reasons for pharma to be optimistic | Health Innovation | Scoop.it

An excellent summary from Alex Butler of The EarthWorks of the potential impact Apple's ResearchKit could have on the collection of clinical trials data, and more.


Via Andrew Spong
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Long awaited digitization of Clinical Trials will drive down R&D costs & prices will follow...

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Why physicians' performances benefit from healthcare data analytics

Why physicians' performances benefit from healthcare data analytics | Health Innovation | Scoop.it
Feedback in the form of healthcare data analytics is one way to promote better preventative care and motivate physicians who are performing poorly.

 

Read the full article by clicking on the title


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Care Coordination and Management Platforms: the future of readmission prevention!

Qualcomm Life's HealthyCircles™ Platform, a Care Coordination and Management platform, provides Enterprise clients with private-label branded web, mobile and...

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Sam Basta's curator insight, November 2, 2013 12:57 PM

Healthcare Innovation by Design on LinkedIn: 6900+ healthcare delivery and experience innovation leaders sharing the latest information and networking at http://www.linkedin.com/groups/Healthcare-Innovation-Design-2579818/about

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Technology: not replacing human experience, but mitigating its deficiencies

Technology: not replacing human experience, but mitigating its deficiencies | Health Innovation | Scoop.it

What interests me is not the quantified self, but the qualified self—technology that allows me to expand my range of experiences.  Yes, these are qualified experiences and not the real thing, but they are experiences nonetheless and I am better for having them.  What’s more, I can share these experiences with others, encoding myself into their lives as they have into mine.  The future of technology, ironically, is all too human.

 


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North Carolina hospital gains medical insights from big data analytics

North Carolina hospital gains medical insights from big data analytics | Health Innovation | Scoop.it
Clinicians can quickly access and analyze critical patient information

UNC Health Care (UNCHC) is using big data analytics to improve patient care and manage information better. Eighty percent of the institution’s data is unstructured, including such medical information as physician notes, registration forms, discharge summaries, phone calls and more.

To analyze that medical data more effectively, UNC Health Care has chosen IBM’s Smarter Care solution, with the ultimate goal of reducing readmissions, decreasing mortality rates and improving the quality of life for patients. With the solution, UNCHC clinicians can quickly access and analyze critical patient information using natural language processing. The institution also can identify high-risk patients, understand in context what is causing them to be hospitalized and take preventative steps, IBM reports.

Dr. Carlton Moore, associate professor of medicine at UNCHC, says, “IBM Content Analytics allows us to quickly transform raw information into healthcare insights. It can reveal trends, patterns and deviations while predicting the probability of outcomes so that we can make decisions in minutes versus weeks or months.”

Previously, UNCHC used IBM Content Analytics to mine clinical data to improve the accuracy of its 2012 Physician Quality Reporting System (PQRS) measures, achieving quality improvements in the areas of mammogram, cancer and pneumonia screening, according to IBM.

UNC Health Care is focusing the new IBM solution on three additional areas:

timely follow-up of abnormal cancer screening results,reducing costly 30-day readmissions (preventable readmissions impact one in five U.S. patients), andengaging more patents (transforming clinical data into a simpler format so that patients can under their health information better).


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9 Ways to Build Confidence in Big Data

9 Ways to Build Confidence in Big Data | Health Innovation | Scoop.it
9 Ways to Build Confidence in Big Data

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and a clear vision for the role of data in your organization...

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Converting Big Data And Analytics Insights Into Results

Converting Big Data And Analytics Insights Into Results | Health Innovation | Scoop.it

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Paulo Machado's insight:

The capture & conversion of health data into actionable insight will drive the transformation of healthcare delivery & our culture of Health & Wellness.

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Chaturika Jayadewa's curator insight, October 31, 2013 3:36 PM

In today’s competitive marketplace, executive leaders are racing to convert enterprise insights into meaningful results. Successful leaders are infusing analytics throughout their enterprises to drive smarter decisions, enable faster actions and optimize outcomes.

In this exciting new piece of research, the IBM Institute of Business Value surveyed 900 business and IT executives from 70 countries. Through our research, we identified nine levers that together enable organizations to create value from an ever-growing volume of data from a variety of sources – value that results from insights derived and actions taken at every level of the organization.

By examining the leaders, the top 19 percent who identified as substantially outperforming their industry and market, the study offers insight into how these nine levers are crucial in gaining optimal value from analytics. Three key insights emerged:

 

Analytic implementation strategies need to support business objectivesThe technology in place needs to support the analytics strategyThe organization’s culture needs to evolve so people take action on the strategy and technology.
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Providers Look for Next Level of Healthcare Analytics

 OREM, UT, January 07, 2014 /24-7PressRelease/ -- When it comes to healthcare analytics, providers simply cannot have it all. A newly released KLAS report, Healthcare Analytics: Making Sense of the Puzzle Pieces , indicates that most vendors are struggling to deliver ease of use and robust functionality.
With movement toward value-based care, newer healthcare models, and ACOs, providers' analytics needs and expectations are by necessity continuing to rise. As providers look to go to the next level with healthcare analytics, there is still a notable discrepancy between what most vendors deliver and what providers require.
"The pressure is mounting," said Joe Van De Graaff, report author. "Providers see analytics as a strategic compass for the changing healthcare world ahead, and their need for better results and better ways to understand outcomes through data analytics and BI is critical."
The energy around healthcare analytics continues to surge, and concurrently, the opportunity for revolutionary solutions and outcomes is more urgent than ever before. This report helps providers understand the many different pieces of the analytics puzzle and highlights the successes and struggles of vendor products.
KLAS spoke to over 400 healthcare providers to capture their experiences with their BI vendor products. Cross-industry vendors discussed in this study include Deloitte (Recombinant), Dimensional Insight, Harris (Carefx), IBM, Infor, Information Builders, Kofax (Altosoft), Kronos, Microsoft, MicroStrategy, Oracle, QlikTech, SAP, SAS, Tableau and Xerox (Midas+). Healthcare-specific vendors discussed in this study include Allscripts, Advisory Board, athenahealth, Caradigm, Cerner, Epic, Explorys, Humedica, Health Catalyst, Health Care DataWorks, McKesson, Premier, UHC and Siemens. For more information about this study, check out the full report, Healthcare Analytics: Making Sense of the Puzzle Pieces. Visit www.KLASresearch.com/KLASreports.
About KLAS KLAS is a research firm on a global mission to improve healthcare delivery by enabling providers to be heard and to be counted. Working with thousands of healthcare executives and clinicians, KLAS gathers data on software, services, medical equipment and infrastructure systems to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. KLAS was founded in 1996, and KLAS' staff and advisory board members average 25 years of healthcare information technology experience. For more information, go to www.KLASresearch.com, email marketing@KLASresearch.com or call 1-800-920-4109 to speak with a KLAS representative. Follow KLAS on Twitter https://twitter.com/klasresearch


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Health Care Innovation: Primary Care is the New Black (HealthBlawg)

Health Care Innovation: Primary Care is the New Black (HealthBlawg) | Health Innovation | Scoop.it
Often, when we think about innovation, we immediately think of hi-tech devices, software or platforms. In the midst of this year's Joslin Diabetes Center's Diabetes Innovation conference, even acknowledging that many people ...
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& consumers!

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Why's collaboration key to future healthcare, HIT innovation? - EHRIntelligence.com

Why's collaboration key to future healthcare, HIT innovation? - EHRIntelligence.com | Health Innovation | Scoop.it
Why's collaboration key to future healthcare, HIT innovation?
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Speeding up learning in the health care system

Speeding up learning in the health care system | Health Innovation | Scoop.it

The lesson from the TASTE study is that we should implement registries throughout the US and Canadian health care systems and use them to run quick and efficient clinical trials. That will help us adapt our way to a health care system that works well at an affordable cost.The current NEJM has published a clinical trial with a statistical commentary that is really exciting. (How is that for a sentence that you never expected to


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Trend #29: "Reduction in healthcare costs": Changing the Innovation Model in Europe***

Industry has developed a Contract for a Healthy Future, its five-year strategy, in which we commit ourselves to adapting our business model to deliver value-based innovations which will help steer European healthcare systems onto a sustainable path. This video explores what we have accomplished and what still needs to be done.

Paulo Machado's insight:

Creating a sustainable Healthcare system is a global challenge!  A natural outcome of costly innovations that improve Health & Wellness.  Societies will need to determine how much of their GDP is their health worth & how to deliver healthcare in a cost effective fashion.  The rapid digitization of life & health over the next few decades will lead to as of yet untold opportunities to deliver on the Triple Aim!  The transformation will be painful but well worth it in the long run.

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Top 10 Companies Pushing Innovation In Digital Health

Top 10 Companies Pushing Innovation In Digital Health | Health Innovation | Scoop.it
There are many reasons why the digital technologies hope to improve patient care as well as the state of healthcare itself. They include improving efficiencies, patient safety, and cost. We selecte...
Paulo Machado's insight:

Digitization of health is necessary but not sufficient to deliver Triple/Quadruple Aim - Need biz model redesign & stakeholder alignment

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The top 20 pharma app makers

The top 20 pharma app makers | Health Innovation | Scoop.it

The medical app market is dominated by the big players, since they have the resources to create the best apps and the financial muscle to push their products in the market.

 

The lion’s share of the medical apps market is occupied by established companies with historically strong brands. Bayer leads the pack with 11.2% market share, followed closely by Merck, Novartis, Pfizer, and Boehringer Ingelheim


Via Andrew Spong
Paulo Machado's insight:

How about a measure of health impact of these apps?  As BioPharma(& other corps) move into health apps shouldn't they be measuring Benefits/Risks like is done with Medicine?

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Healthcare Motivation Types: are you tailoring your health interventions for maximum effectiveness

Healthcare Motivation Types: are you tailoring your health interventions for maximum effectiveness | Health Innovation | Scoop.it
A new fitness tracking and motivational nudging service seeks to get at a person's "stickiness" quotient, that is, how likely will he or she stay engaged with one of the myriad health and fitness apps currently available.

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Sam Basta's curator insight, November 2, 2013 11:22 AM

Excerpt: 

"October 2013 survey of 2,014 adults in the U.S. which found the following about fitness-tracking behavior:

• Sixty-eight percent say encouragement from family and friends is important for achieving health goals.
• More than half of respondents aged 35-44 found it difficult to stay motivated to live in a healthier way.
• Sixty-five percent think tracking their health using a device, website or app would be beneficial, including 32% who felt it could keep them motivated in pursuing health and/or fitness. About half of those 18-44 agree that easy-to-use tracking tools are essential to following through with their health goals.
• Eighty-six percent say feeling informed about the status of their health is empowering."


Click on the title for the full article.


Healthcare Innovation by Design on LinkedIn: 6900+ healthcare delivery and experience innovation leaders sharing the latest information and networking at http://www.linkedin.com/groups/Healthcare-Innovation-Design-2579818/about

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FutureMed: Great Summaries of Days 1, 2, 3 and 4 by medGadget

FutureMed: Great Summaries of Days 1, 2, 3 and 4 by medGadget | Health Innovation | Scoop.it

Day 1: The day began with one of Kraft’s characteristically rapid-fire and exciting overviews of the technologies that are changing medicine, ranging from 3D tissue printing to Google Glass applications in health care. Given that nine months have passed, there were a number of new examples including a sensor-laden diaper that sends Tweets to an augmented-reality car windshield that doubles as your behavioral health advisor by telling you to “turn right to the gym, instead of left to McDonald’s.” Read More »

 

Day 2: The first full day at FutureMed began with a talk by famed futurist and Singularity University founder Ray Kurzweil. He video conferenced in from Boston to give his talk on creating a mind and repeated some of his insights into how the neocortex works, with multiple levels of pattern recognizers.

Daniel Kraft then returned to introduce the Chief Medical Information Officer at Kaiser Permanent, Dr. John Mattison, but preceded that with a retrospectively-hilarious Kaiser advertisement about the “Hospital of the Future” from the 1950s. While some of the innovations described in the video continue to be ideals, like integrated and coordinated healthcare teams, others such as allowing people to smoke “in comfort” while in the waiting room have clearly fallen out of fashion. Mattison then characteristically began his talk with a series of questions to understand the audience, after which he launched into a presentation filled with insights and predictions ranging from democratized health to the quantified self movement. Read More »

 

Day 3: Day three of began with a session on the Future of Intervention and a talk by Intuitive Surgical’s Dr. Catherine Mohr. She spoke at FutureMed earlier this year (where we were able to interview her) and repeated her message that even though robotic surgery is sleek, we have not yet reached the zenith of where intervention should go since we still have to make incisions. Her vision is for a future where surgery will be unnecessary, or at least made even less invasive. Read More »


Day 4: The culmination of FutureMed began with a thought-provoking session on “re-inventions and reframings.” The first speaker of the day was Lucien Engelen, Director of the Radbound Reshape & Innovation Center and Curator of multiple TEDx events. His discussion reiterated a consistent theme of the week: improving patient engagement. Englen prompted us to imagine an ecosystem where all medical devices and health data are centralized into one system incorporating both patient and clinician-facing components. Read More »


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Sam Basta's curator insight, November 6, 2013 10:44 PM

Healthcare Innovation by Design is a sponsor of Singularity University's FutureMed (from now on to be known as "Exponential Medicine") 


As always medGadget provides great recaps of the conference.


Healthcare Innovation by Design on LinkedIn: 7000+ healthcare delivery and experience innovation leaders sharing the latest information and networking at http://www.linkedin.com/groups/Healthcare-Innovation-Design-2579818/about



kenza's curator insight, November 10, 2013 3:25 PM

Great Summaries of FuturMed , to deep dive into the futur of Personalised Medicine, Big Data in Health, futur of Intervention & Regenerative medicine, NeuroTech ...

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PwC Survey 2014 Healthcare Trends: Wellness, Narrow Provider Networks and High Deductible Plans

Healthcare benefits continue to be in the spotlight and under the microscope. In light of health reform, employers are revisiting their healthcare benefits strategy and looking to manage escalating healthcare costs considering both new regulatory requirements and continuing cost pressures. While the strategies vary, several common themes emerge—accelerating consumerism and employee engagement, increasing accountability for improving the health and productivity of their workforces, dialing up incentives for more value-based delivery and investigating new alternatives such as private exchanges. Regardless, the Affordable Care Act has changed the healthcare benefits landscape forever, establishing new requirements and tax incentives, while affording new strategic opportunities to leverage the new dynamics of the changing healthcare marketplace.


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Sam Basta's curator insight, November 9, 2013 12:13 PM

Healthcare Innovation by Design on LinkedIn: 7000+ healthcare delivery and experience innovation leaders sharing the latest information and networking at http://www.linkedin.com/groups/Healthcare-Innovation-Design-2579818/about

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New York Times: Health Care’s Road to Ruin

New York Times: Health Care’s Road to Ruin | Health Innovation | Scoop.it
There are ways to lower costs. Is there the will?

 

HAVING spent the last year reporting for a series of articles on the high cost of American medicine, I’ve heard it all. There was Fred Abrahams, 77, a skier who had surgery on both ankles for arthritis — one in New York for more than $200,000 and one in New Hampshire for less than $40,000. There was Matthew Landman, 41, billed more than $100,000 for antivenin administered in an E.R. after a small rattlesnake bite. There was Robin Miller, a Florida businessman, who needed to buy an implantable defibrillator for his ill brother, who was uninsured; the machine costs tens of thousands of dollars, but he couldn’t get a price for a make or a model.


As of Jan. 1, the Affordable Care Act promises for the first time to deliver the possibility of meaningful health insurance to every American. But where...


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Sam Basta's curator insight, December 22, 2013 3:10 PM

Healthcare Innovation by Design on LinkedIn: 7000+ healthcare delivery and experience innovation leaders sharing the latest information and networking at http://www.linkedin.com/groups/Healthcare-Innovation-Design-2579818/about

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From FitBits To Clinical Studies: How Big Data Could Change Medicine

From FitBits To Clinical Studies: How Big Data Could Change Medicine | Health Innovation | Scoop.it

The video embedded in this post is one of my favorite moments from the Forbes Healthcare Summit we held earlier this year. It focuses on how ‘big data’ – that is, the availability of large data sets and the ability to analyze them – will change the way that doctors treat patients. Other industries are moving toward putting more data in the cloud, keeping it on remote servers instead of in house. What opportunities does an Amazon-like focus bring to health care? I spoke for a lively forty-five minutes with:

Susan Desmond-Hellmann, the dean at University of California, San Francisco, and formerly the head of development at Genentech, where she became one of the most well-regarded executives in the drug industry.Jonathan Bush, the founder and chief executive of Athena Health, a provider of cloud-based electronic medical records; the company has a market capitalization of $4.8 billion and revenues of $539 million.Glen de Vries, the President of Medidata (one of the conference’s sponsors). Medidata provides clinical trial databases, also cloud-based, to drug companies, and helps pharmaceutical firms control their research costs and manage their research productivity. It’s stock has tripled this year.Stephen Friend, the director of SAGE Bionetworks, which uses network-based biology and data submitted by patients themselves to try to figure out new ways of developing drugs and other therapeutics. He was previously the head of cancer drug research at Merck.
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Sam Basta's curator insight, December 28, 2013 12:51 AM

Healthcare Innovation by Design on LinkedIn: 7300+ healthcare delivery and experience innovation leaders sharing the latest information and networking at http://www.linkedin.com/groups/Healthcare-Innovation-Design-2579818/about

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The Guide to the Future of Medicine by Bertalan Mesko

The Guide to the Future of Medicine by Bertalan Mesko | Health Innovation | Scoop.it
Being a medical futurist means I work on bringing disruptive technologies to medicine & healthcare; assisting medical professionals and students in using these in an efficient and secure way; a...

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Michael Plishka's curator insight, December 29, 2013 2:10 AM

Provocative Infographic and interesting predictions

George Margelis's curator insight, December 29, 2013 5:27 PM

It is important that we determine the real clinicavalue of these disruptive technologies to the patient, provider, and health system. Whilst it is easy to become enamoured by the latest gadget, app or advertising based business model we need to remember the basic tenets of the Hippocratic oath. First do no harm andfocus on impriving the quality of life of the patient and their family.

The value we want to measure is that we provide to the patient, not that determined by a venture capitalist.

Minda Miloff's curator insight, January 15, 2014 9:54 AM

Will these technologies in medicine and healthcare prove to change in signficant ways patient health?

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Emulate India's innovation in healthcare: Harvard study

Emulate India's innovation in healthcare: Harvard study | Health Innovation | Scoop.it

In a rare case of heaping praise on India's healthcare, a study in Harvard Business Review (HBR) has urged the West to emulate India's economically viable healthcare facilities for its new-age innovation and cost-cutting techniques.

 

The study describes ultra-low costs and innovations in technology in Indian hospitals from constant experimentation, adaptation and necessity are pointing the way to move forward at a time when the global healthcare industry has been hit by the economic slowdown.

 

HBR, which is a wholly-owned subsidiary of Harvard University, reporting to Harvard Business School, published the study by authors Vijay Govindarajan and co-author Ravi Ramamurti, who hold key posts in top biz schools overseas, in its November 2013 issue.

 

The authors studied more than 40 hospitals practicing innovative strategies.

 

Nine among them, treating eye, heart, kidney, bones, cancer and maternity care, were selected for an in-depth study and were found to be providing world class healthcare at 95% lower costs compared to US hospitals.

 

"Necessity spawns innovation. Apollo Hospitals asked suppliers to shorten the length of sutures after it found that its doctors routinely discarded one-third of each suture," says Vijay Govindarajan, professor of International Business at Tuck School of Business at Dartmouth, Hanover, USA.

 

Many innovations, sparked by the need to overcome constraints in emerging markets have been highlighted.

 

Scooped from: http://articles.timesofindia.indiatimes.com/2013-10-19/india/43199615_1_harvard-business-review-global-healthcare-industry-indian-hospitals


Via nrip
Paulo Machado's insight:

Many lessons can be learned from outside the US - key challenge will be how to align incentives & reduce costs.  The US has gotten used to a multi trillion $ industry...  Leveraging emerging health tech to create efficiencies will lead to significant margin compression & headcount reduction. 

more...
Connected Digital Health & Life's curator insight, December 1, 2013 3:35 AM

setting low cost feasable sustainable examples - go india!

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Jeffrey Zients will lead efforts to fix healthcare.gov, Presidential ... - MedCity News

Jeffrey Zients will lead efforts to fix healthcare.gov, Presidential ... - MedCity News | Health Innovation | Scoop.it
Los Angeles Times
Jeffrey Zients will lead efforts to fix healthcare.gov, Presidential ...
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Quick Survey: Tell us about innovation inside the healthcare industry

Quick Survey: Tell us about innovation inside the healthcare industry | Health Innovation | Scoop.it
IX Research, the research arm of Innovation Excellence, is conducting a very brief survey of people who work within the healthcare industry to get their perspective on these and other questions -- and we'd love for you to ...
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Social networks lead to innovation and healthcare quality

This talk was originally given at the 2013 AHPBA Conference for surgical and non-surgical specialists throughout North, South and Central America who care for p

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