The Healthcare Innovation Bubble: Making The Most Of The COVID 19 Crisis

The Healthcare Innovation Bubble: Making The Most Of The COVID 19 Crisis

Posted Jun 22, 2022 from

In many ways, it is the best of times for those among us who are interested in transforming American health care. With the emergence of COVID19, there is deep, broad recognition of our deeply fractured system of healthcare and public health and the long road ahead to improve on it. The question is no longer whether we should strengthen our healthcare infrastructure but how.

For the first time, we have broad recognition of both the power of American medical science and, also, its limitations. Whatever we think about the current science and the state of treatment for COVID19 there is growing and broad appreciation of the importance of the biotechnology, pharmaceutical and vaccine industries, where public sentiment previously biased towards scorn. For a change, we are waiting with breath for the output of their work, not debating pricing and effectiveness. Whether Gilead’s remdesivir and other therapies prove miraculous or incremental, we are grateful that they exist and for the chance they give us.  

On the regulatory side, federal and state governments are biasing towards common sense rather than rote prescription of law.  Tele-medicine delivered through the handheld devices that have been ubiquitous for more than a decade is finally being reimbursed at parity to in-person visits by Medicare and Medicaid and private health plans have followed suit. State medical boards, previously bound by arcane professional license regulations, are now more readily recognizing medical license across state lines to enable the healthcare workforce to travel to problem areas where they are needed.

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