article thumbnail

Why Isn’t Healthcare More Personalized?

Harvard Business

Currently, inefficiencies in healthcare practices can frustrate patients and lead to unnecessary pre-surgical tests or boilerplate after-visit instructions, among other issues. Eventually, we can get our healthcare to the same level of personalization that we enjoy today with online shopping or banking.

article thumbnail

Devices Plus Data: How Tech is Transforming Healthcare

Tom Spencer

Technology has revolutionized nearly every industry, and healthcare is no exception. Over the past decade, the integration of technology into healthcare has transformed how we diagnose, treat, and manage health conditions. This article explores how technology is impacting healthcare and highlights some significant health-tech trends.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Health Economics 101: Market Failure in Healthcare

Tom Spencer

Healthcare is an industry where economic principles often clash with reality. While the ideal market relies on efficiency and balance where supply and demand are in equilibrium healthcare defies these norms. Four primary sources of market failure in healthcare are market power, asymmetric information, externalities, and public goods.

article thumbnail

Top 10 Manufacturing Capacity Planning Tools

Epicflow

Epicflow serves engineering-driven companies in the following industries: manufacturing, aerospace and defense, automotive, telecommunications, software development, healthcare, and government institutions. Smartsheet supports teams across various industries, including manufacturing, IT, marketing, and healthcare.

Tools 264
article thumbnail

Supply and Demand in Healthcare: Why It’s Different

Tom Spencer

In healthcare, these normal rules break down. In healthcare, people do not shop for services the way they do for shoes or smartphones. In healthcare, this ideal is nearly impossible. But in healthcare, demand tends to stay stubbornly inelastic. The Hidden Cost of Time Healthcare doesn’t just cost money.

article thumbnail

Mission-Profit Paradox: Non-Profit vs For-Profit Healthcare

Tom Spencer

healthcare operates within a dual framework of non-profit and for-profit providers. Both models serve as pillars of the healthcare system, yet they diverge in purpose and financial strategies. Take the case of Tenet Healthcare, a major for-profit player. In the U.S.,

article thumbnail

How One Company Used AI to Manage the Deluge of Documents

Harvard Business

A case study an effort at a healthcare insurer provides five lessons not just applicable in projects aimed at reducing paper but also for other AI initiatives as well: 1) The goal should not be automation; it should be to get the work done in a cost-effective manner. The latest technology that is being applied is AI.