E-HEALTHCARE DELIVERY HOW RETAIL MEDICINE IS
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1 E-HEALTHCARE DELIVERY HOW RETAIL MEDICINE IS CHANGING IN THE USA FAISAL M. RAHMAN, PH.D. Founding Dean and Professor The Graham School of Management Saint Xavier University Chicago, IL, USA President/CEO APAC Group of Healthcare Companies Illinois and Indiana, USA E-LEADER BERLIN CONFERENCE Chinese American Scholars Association Berlin, Germany June 6-8, 2017
2 The business of medicine is inefficient, expensive and right for disruption Fortune Magazine, May 1,2017 Status of Healthcare in USA today confusion and turmoil Ongoing Legislative and Political Battle Affordable Care Act/Obamacare is still the law Being dismantled through fund cuts and directives American Health Care Act/Trumpcare Stuck in US Senate 2
3 Healthcare in the United States US Healthcare is Unique Only developed country without national health insurance Best place for complicated illnesses Most expensive in the world Stakeholders Patients Physicians Hospitals Businesses Pharma Insurance Government Concerns Access and costs Quality of care & declining income Staying relevant and profitable High costs/competitiveness Maintaining status quo Profits without risks Cost Reduction Politicians Is healthcare a right? 3
4 Challenges in US Healthcare 1. High Costs/US Competitiveness 2. Access 3. Shortage of Doctors 4. Medical Debts 25% of Population United States spends 2-3 times more on healthcare than other developed countries but outcome data is mediocre. Reducing Costs Solution Techn nology Changing/Shaping the existing modes of treatment and delivery Examples Surgery Migration from inpatient to outpatient New diagnostic teste and super drugs Customizing Treatment 4
5 Focus of Retail Medicine Retail Medicine Healthcare delivered at consumer/patient level High costs and technology are changing the traditional model of patients going to the doctors offices and hospitals Trends Increasing use of physician extenders Urgent care centers versus Hospital ERs Clinics at pharmacies and shopping malls 5
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11 Increasing Acceptability 11
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13 Clinical Quality 13
14 Clinical Quality 14
15 Clinical Quality 15
16 Clinical Quality One study looked at the quality or care for remote orthopedic consultations using telemedicine. They performed a randomized controlled trial (RCT) with two parallel groups: video-assisted remote consultations at a regional medical center (RMC) as an intervention versus standard consultation in the outpatient clinic at the University Hospital of North Norway (UNN) as a control. The results of the study found that they sum score of the specialist evaluation was significantly lower (i.e. better) at UNN compared to RMC (1.72 versus 1.82, p = ). The study supports the argument that it is safe to offer video-assisted consultations for selected orthopedic patients. They did not find any serious events related to the mode of consultation. They also state that further assessments of the economic aspects and patient satisfaction are needed before we can recommend its wider application. 16
17 Clinical Quality An article looking at the patient use of , Facebook, and physician websites to communicate with physicians found that a total of 37% of patients reported contacting their physicians via within the last six months, and 18% via Facebook. The paper highlights the considerable interests patients have in using Internet tools to communicate with their physicians. Given the importance that patients place on having access to their physicians, physicians and their institutions should consider how best to permit and reinforce the use of these channels. 17
18 Telemedicine will help reduce the overall wait times that patients experience when trying to schedule appointments with their physicians. Telem medicine allows the doctor to be anywhere which is not the case for our traditional health care system. 18
19 Other Emerging Trends 1. Algorithmic Medicine/IBM Watson 2. Next-Generation Capsules 19
20 Conclusion Technology is the force which is bigger than the market and is unstoppable. All stakeholders from patients to payers are beginning to accept the new paradigm. 20
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