Yes, you guessed it right.. we are talking about the Andy Grove who left an indelible legacy through his role at the Intel corporation (together with the other two founders Robert Noyce and Gordon Moore) including as CEO for a decade, fueling the growth of Silicon Valley and the world at large. Now we got that cleared, we need to introduce some background on what is called the ‘Andy Grove Fallacy’ in a commentary in 2007.
I read this excellent post The Irrational Rationing of Health Care on LinkedIn by David Katz, that documents a case of denial of a treatment option to a patient because the payer considers that ‘not established as standard therapy for that cancer’ – as documented in their business criteria. As you would have guessed that the treatment option is a reasonably expensive one. This is an excellent article and an exemplary case for what I elaborate in previous blogs http://bit.ly/ACOSteadyState and http://bit.ly/sustainablehealthcare .
Do you know one of the advantages of being an engineer turned biotechnologist turned entrepreneur/capitalist? You can write a blog like the one below.
A few months ago, I was in an event that discussed approaches and challenges in tackling Ebola, organized by the MIT Enterprise Forum of Cambridge.