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Healthcare entrepreneurs' role in improving healthcare access and value

on August 7, 2013

While the healthcare reform debate continues, fueled by the recent delay of the Affordable Care Act (ACA) provision requiring companies with more than 50 employees to extend health insurance to their full-time staff, the government can help improve access, value and quality of healthcare by encouraging entrepreneurship and innovation that can lead to lowering costs while improving medical technologies and services, according to Jonathan Ortmans' policy forum blog.

It's more important than ever for healthcare entrepreneurs to keep working on these much-needed innovations because healthcare entrepreneurs could be the key to providing better care to more Americans at a lower cost.

In focusing on reforms that would reduce costs and enhance the value of healthcare, a task force determined that leveraging big medical data is a critical step toward more healthcare innovation. This 2012 Kauffman Foundation task force report,"Valuing Health Care: Improving Productivity and Quality," was the result of asking 31 experts from related fields to answer the question of how the productivity and value of American healthcare can be increased.

In the long-term, releasing the power of information by eliminating silos and encouraging data sharing between research centers, medical offices, pharmaceutical companies and others would result in new data entrepreneurs motivated to analyze existing medical data to discover and share new therapies.

The task force also recommended funding more translational, cross-cutting research, with larger grants requiring collaboration among the participating research institutions.

[Photo by - Sam Howzit]

Category:  Ideation  Growth  Execution  Creation  Tags:  entrepreneur, healthit, access, startup

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