EDITORIAL: Mayo Clinic sees innovation as key to the future
The health care provider has become famous for treating the whole patient by integrating various specialties of care.
Now Mayo is going to be using its of health care innovation system as a model for generating revenue.
Mayo-
Part of this innovation will be based on speed, the kind of speed that occurs with small startups and not established behemoths like Mayo.
The strategy was described during a recent visit to the Times-Union Editorial Board by James Rogers III and
Both of them have new titles that include "Business Development."
Rogers said Mayo's DNA has always been characterized by integrating medical practice for the health of the patient. That medical model is a template for Mayo's business model.
"We're very exited about the opportunity" in both
Mayo has a business accelerator on campus, which encourages innovative startups, and plans to have a downtown presence as well.
Bruce said that Mayo has been recognized for its medical services in
For instance, last year Mayo spent
As Mayo learned in its home base of
The sequence goes like this:
--Invest in research and education.
--Commercialize opportunities.
--Reinvest in the clinical practice.
This creates a virtuous cycle as a business model. Mayo also is committed to doing this quickly, getting innovations to the practitioners as fast as possible.
Think of them as sprinters in a race to bring new technology to benefit patients.
As for predicting the future, Rogers sees a day when cancer is either chronic or cured. Advances in regenerative medicine and individualized medicine are "stunning," he said.
Gene therapy offers so many possibilities it is difficult to comprehend.
Raising
Mayo-
Meanwhile, great research also is taking place at the
With these and other outstanding health providers in
FUTURE OF MEDICAID
They have trotted out an endless supply of bogeymen and myths.
Now with a Republican president and
For the state,
The total tab of
The key to holding down costs, however, involves that small percentage of people with multiple chronic conditions, managing their care and keeping them out of emergency rooms. That requires first-rate primary care.
The federal government picks up about 60 percent of the tab on
Funds from
Giving states more ability to innovate according to their unique requirements would be the best way to go.
OBAMACARE REFORMS
In fact, recipients of Obamacare who voted for
More than 1.5 million Floridians were enrolled in Obamacare as of March, part of the 20 million Americans who now have health care insurance.
Examples are retirees who haven't reached age 65 for
People who like Obamacare are those who have federal subsidies. And
The Obamacare system is a dysfunctional patchwork of insurance and government involvement that is failing.
But for those who have subsidies, it fills a need that must be factored into political calculations of the
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