Healthcare in Turmoil

Dr. David Steenblock, President, CEO, Chief Scientist, and Research Physician at Brain Regeneration, Inc based in United States participates in Risk Roundup.

Overview

The health care system today is in turmoil. It is highly fragmented, doctor -centric, siloed, disconnected, ineffective, costly and facing frightful financial future. The massive healthcare driven fiscal problems that nations are facing today, and will face in the coming tomorrow, will likely put nations survival, security, and sustainability at risk. While, across nations, over the years, there have been many talks and trials to fix the broken healthcare system to make it more accessible, affordable, and effective; more the decision makers have tried, more it has got messier and complex. So, what can be done?

State of Healthcare Industry

There is a growing concern that the healthcare system is in a state of turmoil and failing. How did this industry end up in such a chaos? What has led to the turmoil and failure of the healthcare? It is important that we evaluate the reasons that led to the current state.

  • Why is healthcare highly fragmented?
  • Why is it doctor-centric?
  • Why it is siloed?
  • Why is it so expensive?
  • Why are there so many redundant tests?
  • Why are there so many unnecessary tests?
  • Why is there overuse of the system?
  • Why is healthcare so complex?

While the problems facing healthcare seems to be many, the problems with productivity, accessibility, affordability and effectiveness seems to be at the forefront. In most nations, healthcare has become very expensive and is no longer sustainable. While there are reports emerging that much of this healthcare expenditure is inefficient, redundant and waste, it is important to evaluate how it can be prevented.

Demand for Change

Connected computers and internet has changed expectations and outcome of the healthcare industry. Informed individuals that are equipped with information sources from the internet are demanding more from their doctors. There are clear indicators that informed individuals are demanding change in healthcare.

The consumer-driven demand is already making an impact on the industry. While many technology/non-technology solutions are proposed for complex healthcare problems, it is important to evaluate whether we have what it takes to implement the change?

Technology Transformation

From electronic health record use to connected scales to smart beds and wearables, it seems that digital disruption in healthcare is here to stay. Innovations are occurring rapidly that would allow doctors to gain new and greater insight into their patients and their ecosystem. This is perhaps the single-most important revolution in healthcare in perhaps 100 years. While the healthcare industry is currently being shaken by digital disruption, the transformation and disruption is interestingly not being led by healthcare industry giants, rather, the change is being driven by the consumers themselves through innovators.

Artificial Intelligence in Healthcare

There is a great hope in the Artificial Intelligence based Healthcare System. There is convincing evidence that Artificial Intelligence could play a central role in supporting disease prevention, diagnosis, treatment plans, medication management, precision medicine, drug creation, data management, administration and more.

With immense power to unleash technology driven improvements in cost, quality, access and effectiveness; artificial intelligence is exploding in popularity and functionality across nations. Growth in the artificial intelligence health market is expected to grow rapidly in the coming years.

There is a hope that artificial intelligence will redesign healthcare completely – and for the better.

Challenges

It seems that technology can solve many problems healthcare is facing today and will face in the coming tomorrow. While technology advances, new tools and platforms will emerge that will likely change our traditional notion of how health care can be delivered, it is not going to be easy change. While the technology advances have a potential to make healthcare more affordable, accessible and effective as we know it, it will also likely bring complex security challenges, industry acceptance challenges, regulatory obstacles, power conflicts and many other challenges.

Now is the time to talk about Healthcare Risks!


For more please watch the Risk Roundup Webcast or hear Risk Roundup Podcast


About the Guest

Dr. David Steenblock is the President, CEO, Chief Scientist, and Research Physician at Brain Regeneration, Inc based in United States

He has decades of experience practicing medicine diagnosing and treating difficult and “incurables” diseases. He has MS in biochemistry, DO Osteopathic physician, rotating internship- Providence Hospital, Seattle; solo practice in rural logging town of 5000 with a 32-bed hospital, residence in anatomic and clinical pathology-Case Western Reserve University, Cleveland, Ohio; Clinical Pathology University of Oregon, Portland, Oregon. He began doing bone marrow evaluations 1968, 1969 spent 3 months in the Department of Donnell Thomas MD who won the Nobel prize for his work on bone marrow transplantation. He wrote the first book on the use of Umbilical cord stem cells with Dr Anthony Payne in 2006. For more please go to (www.stemcellmd.org).

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve Global Peace through Risk Management. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared cyber-security, geo-security and space-security risks facing nations today in a digital global age. She believes that the contested commons of cyberspace or space cannot be secured if NGIOA works in silo within and across its geographical boundaries in cyberspace, geospace and space. As security requires an integrated NGIOA approach with a common language, she has launched cyber-security, geo-security and space-security risk research centers that will merge the boundaries of geo-security, cyber-security and space-security.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

Risk Roundup, a global initiative launched by Risk Group, is an integrated cyberspace, geospace, and space (CGS) security risk dialogue for individuals and entities across nations: its government, industries, organizations and academia (NGIOA).

Risk Roundup is released in both audio (Podcast) and video (Webcast) format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group

Risk Group is a strategic security risk research organization. It focuses broadly on the risks facing individuals and entities across nations: its governments, industries, organizations, and academia (in short referred to as NGIOA). Its approach is broad, encircling cyberspace, geospace and space (in short referred to as CGS). It firmly believes that collaboration within, between and across NGIOA will be mutually beneficial to all stakeholders across nations—for not only in the identification and understanding of critical CGS security risks facing one nation, but all nations.

Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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