This week’s health & spine platter covers AI’s challenges & how it can make you a better doctor, disruption and behavioral economics in healthcare & back medical technology through the ages. Sign up for our newsletter on the left. Enjoy:
“Artificial Intelligence will not replace physicians. Yet, medical professionals who use A.I. will replace those who don’t.” Food for thought
Many fear that algorithms and artificial intelligence will take the jobs of medical professionals in the future. Instead of replacing doctors, AI could augment them and make them better at their jobs. Without the day-to-day treadmill of administrative and repetitive tasks, the medical community could again turn to its most important task with full attention: healing.
Unlike other industries, healthcare has been largely resistant to the forces of disruptive innovation. Despite advances in technology, the U.S. healthcare sector keeps getting costlier, and is now by far the world’s most expensive system per capita, about 2X higher than the U.K., Canada, and Australia,
Part I of this article focuses on why disruption has not taken hold in the delivery practices of hospitals and physicians groups. They argue that the profound disconnect between what patients need and what patients get from the system – as typified by the fee-for-value reimbursement system – is what lies at the root of the healthcare crisis.
But all is not lost. Part II of the article focuses in on how disruptive solutions have begun to improve health while lowering costs for significant populations, and concludes with key recommendations to each player in the care value chain.
The Royal Swedish Academy’s award of the 2017 Nobel Prize in Economics to Richard Thaler marks the growing influence of the science of behavioral economics, not only in academia, but in popular culture and industry.
Traditional economics is rooted in the assumption that people make rational, self-interested decisions based on a strict cost/benefit analysis of their options. By contrast, the sub-field of behavioral economics acknowledges that human decision-making departs frequently, significantly and predictably from what would be expected if we acted in purely “rational” ways. This articles depicts how the science of behavioral economics could be used to design choice environments that promote healthy lifestyle decisions. It also presents how a start-up seeks to improve patient adherence to mediation by incentivising healthy habit formation for medical adherence.
In contrast to the article above, this author is more cautious about the immediate benefits of the application of behavorial economics in tackling the colossal problem of medication non-adherence. The author warns against discounting the inconvenient truth that people and their lives are complex, so too are their barriers to healthy behavior are. Hence nonadherence and other unhealthy behaviors may be completely rational. And the assumption that they are not can lead innovators to misdiagnose their cause, thus misjudge potential solutions. This article here shares the same sentiment.
The author presents how the use of “Jobs Theory” (as explained here) can help providers gain a thorough understanding of patients’ circumstances, and hence help eliminating both practical and psychological barriers to healthy behavior in a tough set of circumstances.
And finally, for those who were not around when the Titanic sank – this infographic, courtesy of LDR Spine, covers advancements in cervical spine care from 1500 BCE through today. These advancements include meat stabilization techniques used by the ancient Egyptians (yep, that’s right), medieval era inversion chairs (best be glad that you weren’t there) and present day artificial disc replacements. This is a spine platform after-all, so I had to include something specific to spine.