Forbes August 28, 2019
Columbia Business School - the Eugene Lang Entrepreneurship Center

Wasteful spending constitutes an estimated 34% of U.S. healthcare, exceeding $1 trillion annually, and can be attributed to factors such as prevention failures, duplicate services, and over-treatment that could be eliminated without impacting patients. We are operating within a healthcare system that is reactive, inefficient, and overly reliant on trial and error.

So what should we focus on to reduce wasteful spending while improving the quality of care? Early intervention. Detecting patient predisposition to diseases, monitoring for early signs of disease onset, and proactively altering lifestyle choices can keep patients out of hospitals.

I spoke with Michael Snyder, PhD, Director of Stanford University’s Center for Genomics and Personalized Medicine, who has proven this theory. Through constant monitoring and analysis of...

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Topics: Employer, Govt Agencies, Healthcare System, Insurance, Medical Devices, Patient / Consumer, Pharma, Provider, Trends
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