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Innovation in Healthcare More than 400 words for this discussionThe term “creative destruction,” sometimes called “creative disruption,” has been discussed in MBA curricula for a long time in describing various components of the economy. The term was coined by the economist Joseph Schumpeter in 1942, and has been used in analyzing industries going through great change…a perfect example is the domestic automotive industry. Clearly, the thinking that brought us the Ford Pinto of the 70’s had to be “blown up” in order for improvement to occur.The link below will take you to a VERY brief interview with Eric Topol, MD, associated with his presentation to the 2013 American Hospital Association annual meeting. The interview is only 6 minutes long, but filled with ideas and food for thought. Please find it here:Eric Topol, M.D.: The Creative Destruction of Medicine (Links to an external site.)Links to an external site.Here are some questions that I have upon watching this interview….you may have others:What will creative disruption in health care look like over the next decade?Is a model where hospitals are only used for intensive care and surgery realistic in the long term? How about the short term?How might digital innovation speed this process?I love his quote near the end, that health care will have to “innovate out of this mess.” What forces might block or hinder this process of innovati

on? What can be done about them?Answer Preview……………Prospects on innovation in health care indicate that the sector should have embraced technology as much as the larger society, to the extent of reducing the need for hospital beds within healthcare facilities. On the contrary, the only services offered within the facilities will be those in need of specific equipment including cases such as the need for patient surgery. According to the futuristic model of the nature of hospitals in the next decades, the specialized rooms offer the only reason for the existence of physical structures functions as hospitals. Otherwise, the patients will receive the health services at home. However, implementing the model in the short term could be a challenge in the short term, but highly realistic in the long term. Healthcare professionals already appreciate the necessity for change within the sector, and there is sufficient technology to facilitate migration from the current traditional systems to the tech-oriented futuristic model. Ultimately, with more doctors joining the profession to facilitate sufficient patient-doctor ratio and a reduction in the cost of healthcare based on the reduced necessity for additional services within the hospital environment. Ultimately, there would be high chances of the model’s success in the long run once it is implemented………….APA 468 words
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