A Paradigm Shift in Digital Health

Innovation is best scaled when pipelines are replaced with platforms.John Halamka, M.D., president, Mayo Clinic Platform, and Paul Cerrato, senior research analyst and communications specialist, Mayo Clinic Platform, wrote this article.TheDigital Health Frontierincludes cutting edge predictive analytics, machine learning enhanced algorithms and big data analytics. But for these innovations to have their full impact on patient care requires the right strategic and operational foundation. In the past, many technology-focused organizations have relied on a pipeline approach as the foundation to construct innovations and promote growth. But history suggests this approach is less sustainable than a platform approach. A recent article inHarvard Business Review(HBR) sums up the difference: “Platform businesses bring together producers and consumers in high-value exchanges. Their chief assets are information and interactions, which together are also the source of the value they create and their competitive advantage …. Pipeline businesses create value by controlling a linear series of activities — the classic value-chain model. Inputs at one end of the chain (say, materials from suppliers) undergo a series of steps that transform them into an output that’s worth more: the finished product.” While this e xplanation gets the point across, it’s rather abstract. To really appreciate the advantages of one approach over the other, we need an example or two.Apple ’s handset bu...
Source: Life as a Healthcare CIO - Category: Information Technology Source Type: blogs