While healthcare in the US accounts for almost 20% of the GDP, it is also highly inefficient with estimates ranging from 10% to 30% inefficiency. Much of this inefficiency is due to healthcare data “stuck” in various systems and inaccessible by the patient or treating physician.
Currently physicians know what the patient has shared with them and what tests and medications they prescribed, but often they don’t know what their specialty colleagues advised or what the patient is doing with that info. Health plans know of the claims submitted but more often than not don’t know the results of the tests or the EMR notes. Without access to good data, simple questions from healthcare providers are often met with confusion leading to inefficient care including:
Consumers also have a hard time getting answers to simple questions such as:
Combining key EMR data from the multiple doctors, patient and caregiver data, and health plan data into a longitudinal smart record would change healthcare delivery. Consumers would be more empowered, physicians more informed on their patients, and health plans more aware of who is at risk for falling through the cracks.
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