Impact on Innovations

Discussion in 'Healthcare Reform Discussions' started by anonymous, Sep 17, 2018 at 7:23 PM.

Tags: Add Tags
  1. #1 anonymous, Sep 17, 2018 at 7:23 PM
    anonymous

    anonymous Guest

    Impact of Innovation

    Nathaniel Cruz

    MHA/515

    September 17, 2018

    Dr. Marcia Baker














    Impact of Innovation

    Introduction

    With so much innovations in the health care, the most beneficial to both the patients as well as the facilities utilizing it, is that of electronic medical records and the ability to communicate through electronic systems to a from, saves time from the patients perspective as well as the ability to answer questions that might not be needed to come in for, and have opening for much needed and very lucrative issues that may be going on. According to Uzialka (2018), “They are superior to paper records in that they create an easily accessible, centrally located document that can be used to track data over time and generate important reports to help healthcare providers offer better care to their patients” (para. 4).

    In having these Electronic Health Records accessible to everyone it could possibly save many situations, diseases from occurring. According to Pearl (2018), “ hundreds of thousands deaths from heart attack, stroke and cancer could be prevented each year if every American had access to the level of high-quality care these EHR systems enable” (para. 4). That alone, would and should be certainly a reason to advise everyone to get on board with administering the EHR, just simply knowing that it has the ability to change human’s longevity. A negative on utilizing or administering it is that security on this isn’t as good as it should be and there as hasn’t been an actual shield from potential cyber-attacks, so there needs to be great development systems administered or they are users are being placed under potential threats. According to O'Connor (2017), “Whenever you computerize records, you have to be careful about protecting the data from unauthorized access” (Cons of Electronic Health Records).

    Conclusion

    There will always be flaws when any kind of electronics are being administered for the first time or introduced. The plus on having these types of systems in place out way the negative issues, but before even dedicating yourself on this type of software you must be able to find a solution or a team to evaluate and correct those flaws or at minimal find solutions to go around and not hinder the operation or brand to which you are representing.














    References:

    Uzialka, A. (2018). Best Electronic Medical Records Systems for 2018. Retrieved from https://www.businessnewsdaily.com/10914-best-electronic-health-records-systems.html

    Pearl, R. (2018). Blockchain, Bitcoin And The Electronic Health Record. Retrieved from https://www.forbes.com/sites/robertpearl/2018/04/10/blockchain-bitcoin-ehr/#3c5af83f79e7

    O'Connor, S. (2017). Pros And Cons Of Electronic Health Records. Retrieved from https://www.adsc.com/blog/pros-and-cons-of-electronic-health-records
     
    Quote

  2. #2 K Turner, Mar 2, 2020 at 8:22 PM
    K Turner

    K Turner new user

    Joined:
    Jan 20, 2020
    Messages:
    7
    Likes Received:
    0
    The Impact of Innovation​

    This article discusses the ways in which the personalized medicine market has grown since the Precision Medicine Initiative was announced in 2015, how sequencing has decreased drastically, from $10,000 to $1,000 per day, and how electronic medical records (EMRs) affect this whole process and will continue to do so (McKinsey & Company, 2020). Innovation plays the largest part in these changes, due to advances in science, technology, and frontline operations. These innovations introduced EMRs to the masses, opening a new door to individualized medications and care. Other factors driving costs down include more precise sequencing and more relevant therapies like next-generation sequencing (NGS). NGS is yet another innovation in this industry and builds upon current sequencing methods, is a mature technology that allows the sequencing of millions of strands of DNA in parallel, and is expected to be a mainstay with the largest share of its market in the years to come.

    In this market, first-movers initially gain the advantage by incorporating the current big genetic or molecular information with EMRs, which validate clinal tests through real-time, advanced analytics (Adler-Milstein, Everson, & Lee, 2014). Second-movers will eventually be able to obtain some of this advantage regarding pricing, because there will be ways to beat out the competition based what the first-movers see as value-based pricing and other factors relevant to this market, especially for comparable services.

    EMRs will become more and more valuable, eventually serving as the paradigm that propels diagnostic firms ahead of competitors (Rebelein & Turkay, 2016). In fact, the fast-paced adoption of this technology has enabled health care facilities to obtain more objective results The information analyzed provides a type of data integration that is present today, but with laws and regulations evolving every day in the health care industry, enhanced integration will provide even more relevant procedures and in turn, personalized medications for consumers, especially in the oncology and rheumatic categories (Palacio, Harrison, & Garets, 2010).

    Article Reference/Citation:

    McKinsey & Company. (2020).     Mckinsey and company report highlights precision medicine’s advancements in integrating genetic testing results with electronic medical records. Retrieved March 1, 2020, from https://www.darkdaily.com/mckinsey-and-company-report-highlights-precision-medicines-advancements-in-integrating-genetic-testing-results-with-electronic-medical-records/

    References​

    Adler-Milstein, J., Everson, J., & Lee, S.-Y. D. (2014). Sequencing of EHR adoption among US hospitals and the impact of meaningful use. Journal Of The American Medical Informatics Association: JAMIA, 21(6), 984–991. Sequencing of EHR adoption among US hospitals and the impact of meaningful use

    McKinsey & Company. (2020).     McKinsey and company report highlights precision medicine’s advancements in integrating genetic testing results with electronic medical records. Retrieved March 1, 2020, from https://www.darkdaily.com/mckinsey-and-company-report-highlights-precision-medicines-advancements-in-integrating-genetic-testing-results-with-electronic-medical-records/

    Palacio C, Harrison JP, & Garets D. (2010). Benchmarking electronic medical records initiatives in the US: a conceptual model. Journal of Medical Systems, 34(3), 273–279. Benchmarking Electronic Medical Records Initiatives in the US: a Conceptual Model

    Rebelein, R., & Turkay, E. (2016). When do first-movers have an advantage? A Stackelberg classroom experiment. The Journal of Economic Education, 47(3), 226-240. https://doi.org/10.1080/00220485.2016.1179144
     
    Quote
Reply to Thread