Modern Healthcare November 6, 2017
Since the U.S. healthcare system still mainly operates under a fee-for-service model, adapting so-called frugal innovations from the rest of the world will be difficult, according to a new study.
Frugal innovations have been defined as “ ’good enough,’ affordable products that meet the needs of resource-constrained consumers.” They can improve quality at the same cost as other solutions or can provide the same quality at lower costs, or both.
In the study, “Global lessons in frugal innovation to improve healthcare delivery in the United States,” researchers examined five innovative care models, including India’s Narayana Health, which provides low-cost heart surgery, and Singapore’s GeriCare, which provides geriatric consultations via telemedicine, saving each facility $9,101 per year.
The study was published in...
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