Disrupting Today’s Healthcare SystemPeter Diamandis
(Huffington Post) – This week in San Diego, Singularity University is holding its Exponential Medicine Conference, a look at how technologists are redesigning and rebuilding today’s broken healthcare system.
Healthcare today is reactive, retrospective, bureaucratic and expensive.
It’s sick care, not healthcare.
This blog is about why the $3 trillion healthcare system is broken and how we are going to fix it.
First, the Bad News:
Doctors spend $210 billion per year on procedures that aren’t based on patient need, but fear of liability.
And Now, the Good News:
We are in the midst of a (medical) revolution driven by exponential technology: artificial intelligence, sensors, robotics, 3D printing, big data, genomics and stem cells. Today’s $3 trillion healthcare industry is in the deceptive phase of its march towards dematerialization, demonetization and democratization. What does that mean? Imagine a time within the next 10 years when:
AI-enabled autonomous health scans provide the best diagnostics equally to the poorest and wealthiest on Earth.
These breakthroughs are materializing because of the convergence of the following key accelerating technologies.
Artificial Intelligence (AI) & Healthcare:
AI will enable better diagnoses and personalized medical recommendations.
Companies like Enlitic are using AI and deep learning to improve medical imaging diagnostics and tumor detection and integrate medical data to provide better actionable advice for patients and doctors alike.
Sensors & Healthcare:
Wearables, connected devices and quantified-self apps will allow us to collect enormous amounts of useful health information.
Wearables like the Quanttus wristband and Vital Connect can transmit your electrocardiogram data, vital signs, posture and stress levels anywhere on the planet.
Robotics & Healthcare:
The precision, accuracy, and mobility of medical robotics will allow us to serve more humans around the world, faster and cheaper.
Over 3 million surgeries worldwide have been performed by Intuitive Surgical’s Da Vinci robotic system using 3D HD vision inside the body, with precise movements that don’t have the tremors of a human hand.
On-demand manufacturing will make medical devices cheaper and more readily accessible to millions, and it will make scarce resources like organs-for-transplant abundantly available.
3D Systems is 3D printing precise dental and anatomical models, custom surgical guides, implantable devices, exoskeletons, hearing aids, prosthetics and braces for scoliosis and other applications.
Genomics & Big Data:
The cost of genome sequencing has plummeted 100,000-fold, from $100M per genome in 2001 to $1,000 per genome today… outpacing Moore’s Law by 3x.
At Human Longevity Inc., our mission is to accumulate the largest genomics data set ever. HLI will sequence over 1 million full human genomes, microbiomes, MRI body image scans, metabolomes, and more…
We are now in the earliest stages of stem cell therapy development. Future therapies will be transformative and, frankly, mind-boggling.
Stem cell therapy promises tissue regeneration and renewal – and thus a “cure” for everything from blindness to spinal cord injuries, Type 1 diabetes, Parkinson’s disease, Alzheimer’s disease, heart disease, stroke, burns, cancer and osteoarthritis.
The disruption and transformation of medicine is happening right now.