Why is the healthcare industry so hard to disrupt? 5 insights

Endocrinologist Florence Comite, MD, believes the healthcare industry is stuck in the technological era of the 1990s, according to TechCrunch.

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Here are five insights:

1. Most attempts at disrupting the industry have focused on cutting costs and decreasing healthcare usage. This impedes a futuristic healthcare model’s success.

2. Also, digitizing healthcare requires unfathomable amounts of capital.

3. The industry’s fragmentation, from patients to providers to payers, impedes the possibility of aligning interests.

4. Healthcare economics are immensely complex, for the science of the human body is extremely complicated and our knowledge base is continuously expanding. Further, the emotional element of healthcare presents a difficult barrier for disruption.

5. Still, venture investors seem up to the challenge of solving healthcare’s problems.

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