Bombay or bust: outsourcing to save lives
by Kai Hsing
Is outsourcing medical services using digital technology the way to slash health care costs?
via Associated Press
Let’s not forget that the ongoing discussion debate firestorm about health care is not only about ideology – however real or falsified – but also about fundamental economic costs. Wheether you’re for or against health care reform, most will agree that increasing health care costs by almost 10 percent yearly and having employees shoulder more of the costs is an unsustainable trend under any system.
So the question remains: just how are we going to reduce costs? Sure, there’s been lots of talk about increasing competition between plans, making generic drugs more available and eliminating many of the bureaucratic redundancies that siphon off more money than necessary.
For example, one of Obama’s main strategies to reduce costs is by creating a digital medical record system, which by some estimates could save $200 to $300 billion a year – though implementation won’t be easy. Having a digital database is long overdue and a no-brainer – it’s simply prodding the health industry towards the 21st century and in line with how the world works.
But what about more radical approaches that infuse technology into the actual care itself? Read the rest of this entry »
