So, I work out of my home office which faces our backyard with a lot of greenery and shrubs – something refreshing to look at and rejuvenate ourselves during a work day. However, once in a while, my eyes do glance down at the meter next to the air-conditioning unit that tracks the energy consumption in our household on a regular basis. In the past, the technician from the utility company would pay a monthly visit to get the readings. However, this is not the case anymore. You see – our electric company is now smarter – they have smart meters which send data at a much higher frequency than man ever collected such information. However, is our electric company geared up to handle this onslaught of data? I wonder.
Most Health and Life Sciences (HLS) institutions are struggling to deliver quality care at an affordable price. Yet, primary focus of healthcare expenditures in the U.S. today center around “sick care” rather than on wellness.
I recently read an article titled, “Six factors impacting industry transformation – from sick care to integrated health management,” by Harry Kim. In it, Kim describes a “perfect storm” of 6 factors that are causing transformation of the healthcare industry.