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.
In exciting news this week Waymo™ the driverless car arm of Alphabet™ (the parent company of Google) launched its fully self-driving taxi service ‘Waymo One’ in Phoenix, Arizona. There is one catch though; the self-driving taxis each have a driver in them. What can we infer from this artificial intelligence (AI) enabled initiative and other offerings from the Alphabet conglomerate? Continue reading How does AI, Waymo self-driving taxi launch and Google indicate room for another search engine?
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.
This post is a complement and response to the post by Michael Greeley entitled ‘Bet the Jockey…Bet the Horse…and Bet the Track’ (hyperlinked).
Michael Greeley is one of the nicest people I have met in the investment sector. The above well-written blog post is a ‘must read’. Continue reading Leading Healthcare to a Better and Sustainable Future
Healthcare is undergoing a major overhaul. The costs are ballooning and we are resorting to Electronic Health Records (EHRs) and Electronic Medical Records (EMRs), remote monitoring and care, quantified-self enabled by smartphones, wearable devices, etc. to gain better understanding of cost control and sources of wasted resources. This post refers specifically to changes happening in the USA.
With the implementation of the Affordable Care Act (ACA), another major change that will likely be the norm in the near future are ACOs – Accountable Care Organizations , also called pay-for-performance (P4P) in broader contexts. I will use ACO and P4P interchangeably for this post. Continue reading A steady state to avoid while adopting Accountable Care Organizations (ACOs) in healthcare