Tradeoffs started with a simple idea: There are no silver bullets in health care. Dan Gorenstein learned this covering the business of health care at the public radio show Marketplace. Economists, physicians and researchers taught him even the most well-intentioned plans to fix issues like unaffordable insurance, high prescription drug prices and inequitable care for marginalized patients carried risk and unintended consequences. He struggled to fit all that nuance and complexity into his short radio stories.
Even as the health care industry has stepped up with an unprecedented response to the Covid-19 pandemic, health care companies are being undermined by a loss of revenue, splintering of their clinical workforces, and the disintegration of normal as we know it. For health-related entrepreneurs and startups, this means the rules of engagement with their stakeholders, including venture investors, are also changing. The emergence of a new abnormal will depend on several factors.
When Megan Callahan was weighing whether to join Lyft’s burgeoning health care business two years ago, she was attracted by the idea of being able to work more closely with patients — and make the process of getting care easier for them.
Big tech companies want to share data about you with your doctors.
The 2010s was the decade that wellness shed its fringe, hippie-dippy connotations and exploded into mainstream consciousness. According to the New York Times, the term was first coined in the 1950s, which is apparently when people figured out that there was more to health than reactively treating illness. Now, the term is so ubiquitous it’s hard to imagine life without it. So what, exactly, is wellness?
Economic growth is generally regarded as a goal. But when it's not part and parcel of increasing human happiness, growth can tear us down.
In a searing investigation into the once lauded biotech start-up Theranos, Nick Bilton discovers that its precocious founder defied medical experts—even her own chief scientist—about the veracity of its now discredited blood-testing technology. She built a corporation based on secrecy in the hope that she could still pull it off. Then, it all fell apart.
Some hospitals and health care systems are already working to improve their environmental performance. More than two dozen health care organizations across the country, from California to New England, have committed to meet the Paris Agreement climate action goals. Many others, including Massachusetts General Hospital, where I work, have committed to 100 percent renewable electricity, in addition to existing efforts to reduce waste and polluting emissions.
Some of the biggest and most famous brands in America are making big bets on health care. The blue chips of Silicon Valley — Amazon, Apple, Google, Uber — have announced in the past few weeks they’re interested in disrupting an industry that has bedeviled us with rising costs and inefficiencies for decades.
Together, these three behemoth corporations will be able to wrest great deals and discounts in their negotiations from hospital systems, drug manufacturers, medical device makers and doctors’ groups. These are likely to be better deals than what lesser companies can wrangle.
The New Yorker writer and surgeon is an unconventional choice to lead the Bezos-Buffett health care startup, and a good one.
Bill Maris, founder of Google Ventures, has a purse full of Alphabet Inc.’s cash and a mandate to spend it on big ideas. Having made a name in tech investments, he now wants his firm to be known as a big player in health care and biotech.
Digital-age innovations are changing the face of healthcare across the nation, revolutionizing several areas of the industry. New technology is changing how diseases are diagnosed and treated, how patients and physicians communicate, and even how the average person eats, sleeps and exercises.
Inside the growth of the most controversial brand in the wellness industry.
Sci Fi film scenes from 50 years ago are now an everyday reality, robots performing complicated surgery. So, do they make a difference?
Over the course of a generation productivity in the American workplace has doubled and CEO pay has increased exponentially. So with all that success, why has the minimum wage failed to keep pace even with simple cost-of-living increases? And why should anyone willing and able to work full-time be living below the poverty line?
A comprehensive model shows how far-reaching trends in the massive industry will influence the growth of profit pools — and how payors and providers should respond.
High-tech health care hasn’t proved effective at changing patients’ bad habits.
Coca-Cola wants you to believe that, contrary to conventional wisdom, empty-calorie beverages like Coke don't contribute to obesity. And they're willing to pay scientists to peddle their message.
For policymakers to meaningfully impact the rising costs of U.S. health care, from drugs to bills to and everything in between, they must decide if this is to remain an industry or truly become a social good. If we continue to treat and regulate health care as an industry, we should continue to expect surprise bills and expensive drugs.
It’s not personal, it’s just…business. The question before the U.S. is: business-as-usual, or shall we get busy charting a new way of achieving a healthy society? Personally and professionally, I prefer the latter.
A highly lucrative paper-pushing industry is unnecessarily costing already-broke Americans hundreds of billions of dollars.
The Part B drug program exemplifies a problem in the healthcare system. The way Medicare pays for prescription drugs gives doctors an incentive to choose the most expensive alternatives, and gives drugmakers an incentive to raise prices relentlessly.
Recent security breaches at health insurance companies affect millions of Americans: here’s why that’s bad news.
There are several drivers of the health-care jobs boom. The first is something so obvious that it might actually be underrated, since it is rarely a proper news story in its own right: Americans, as a group, are getting older.
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Health care is a trillion-dollar industry in America, but are we getting what we pay for? Dr. Elisabeth Rosenthal, a medical journalist who formerly worked as a medical doctor, warns that the existing system too often focuses on financial incentives over health or science.
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