The opportunities for disruption in healthcare are big and many. Any professional who appreciates the status quo may find themselves concerned at this point.
Here are 10 articles and commentary pieces on healthcare innovation, brought to you by Becker's Hospital Review.
1. 10 disruptive forces in healthcare
Shifting volumes and lower reimbursement, the advancement of health IT and the shrinking availability of capital — each of these forces and seven others create significant implications for patients, providers and the healthcare industry.
2. Uber's 3 innovation lessons for healthcare
Certainly it is disrupting the taxi industry, but Uber's disruptive effects are byproducts (largely unintentional) of how it has adapted to competitors and other market forces.
3. Wal-Mart is now a primary care provider — There are only two ways to respond
Wal-Mart's explicit foray into primary care should be concerning for existing healthcare providers on its own (after all the brand is known for wielding its market power to drive down costs), but also because it won't partner with local health systems, like Walgreens' Healthcare Clinic and CVS' MinuteClinic have done.
4. How some of America's largest companies are poised to shake up healthcare
Successful new entrants to the industry will do what the banking, retail and other industries have been doing for years — develop new ways to engage consumers in their own healthcare by providing alternate or at-home services or products, often at a lower cost than traditional healthcare.
5. Disruption overkill? What healthcare can learn from Blockbuster, Borders
Perhaps, then, legacy healthcare providers can breathe a sign of relief. They don't have to disrupt, but they must be ready to respond, and respond quickly, when someone else does.
6. Who is healthcare's Jeff Bezos? Hint: He's (or she's) probably not reading this
The book industry had Jeff Bezos. The music industry has Steve Jobs. Personal computing had Microsoft. Who will be the healthcare industry's disruptor?
7. Now this is disruption: Infusion services by your local grocery store7. Now this is disruption: Infusion services by your local grocery store
While the grocery store doesn't seem the most natural business to provide infusion therapy, there's no doubt it knows a thing or two about convenience and can provide a lower-site cost of care than hospital-based centers.
8. Priceline.com for healthcare? Yes, please
The internet was disruption stage 1.0 for the travel world, but that was just the beginning. Disrupters, version 2.0, such as travel bidding sites like Priceline.com, soon emerged. Providers, beware. The same concept is coming to healthcare.
9. 5 disruptors that could cost the medical device industry $34B
Medical device companies could miss out on $34 billion in potential revenue by 2020 because of disruptive change in the industry.
10. Will Amazon enter the digital health market?
Several signs indicate Amazon is preparing to jump into the digital health market.