"A question about personalized medicine found that 88 percent of biophama executives and 84 percent of managed care respondents felt these new products will be effective. But 75 percent of patient respondents answered “no” when asked if they had heard of personalized medicine. Respondents also could not agree on what constitutes “value” in healthcare. About 38 percent of pharma executives said any definition of value must include both cost and outcomes, while just 2 percent of patients felt that way"(Thanks to MedCity News for the heads-up.)
Articles about disrupting healthcare, particularly those analogizing, say, Tesla's example with healthcare's current state, are frequently met with a chorus of (paraphrasing here) "Irrelevant! Cars are easy, healthcare is hard." You know, patients and doctors as examples of "information asymmetry" and all that. Well, let me ask you this: assuming you drive a car with a traditional internal combustion engine, how much do you know about the metallurgy in your car's engine block? I'll bet the answer is: virtually nothing. In fact it's probably less than you know about your own body's GI tract. Yet somehow, every day, us (allegedly) ignorant people buy and drive cars without help from a cadre of experts. Most of us do so and live happily ever after (at least until the warranty expires. Warranties...another thing healthcare could learn from Tesla.) Now, us free range dummies - impatient with information asymmetry - are storming healthcare...
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