Large Networks, Big Data, And Healthcare
Zander posted this NY Times opinion piece to usv.com yesterday and it’s been rattling around in my head since then. The author suggests that big data is coming to health care and bringing with it many issues that will have to be resolved. I am sure that is so. But I also think the intersection of big data and health care and our large networks thesis is likely to produce some interesting investment opportunities for us and some valuable health care services for consumers.
Jason Karlawish, the author of the NY Times opinion piece, writes:
This is a revolutionary shift. Once upon a time, medicine was a discipline based on the nuanced diagnosis and treatment of sick patients. Now, Big Data, networked computers and a culture obsessed with knowing its numbers have moved medicine from the bedside to the desktop (or laptop). The art of medicine is becoming the science of an insurance actuary.
The question is who will control the input of the patient data, the aggregated data sets, and the results the data science produces. If the answer is the current healthcare system; the insurance companies, the hospitals, and the doctors, then we will have missed a big opportunity to reshape healthcare. If, on the other hand, the data is entered by patients, controlled by patients, and benefits patients, then we would have something new, different, and disruptive.
Large networks of patients coming together to do this data science together and benefit together feels like its around the corner and coming fast. Maybe some enterprising entepreneur will take this “Omnibus Risk Calculator” put it into a clean and simple web service, allow us to connect our phones and connected devices to it, and peer produce a service that we can, together, use to manage our cardiovascular health. Maybe someone has already done that.
December 1, 2013 – hacking healthcare
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