Health Information Technology
- In many industries, entrepreneurs are asked to undergo a process called “frugal innovation.” This process supports advances in technology that drive down spending and improve results or leave them static. Likewise, in the healthcare system, there is a shift occurring calling for a reduction in spending. Key to this shift will be implementation of innovative devices brought forward by entrepreneurs. Although technology may add to costs in the near-term, most of the empirical analysis shows that the aggregate benefits vastly outweigh expenditures.
- Several years ago, a colleague offered a prescient reminder about the socioeconomically disadvantaged: “They're not hard to reach, they're hard for us to reach.” Hard indeed, and the consequences of our constrained ability to reach these populations are growing increasingly dire. Today, those who lack a high school diploma have life expectancies similar to those of the average American in the 1950s and 1960s.1 Even more shocking, these socioeconomic gaps in longevity do not appear to be closing.