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Geoffrey Milos

Book Review: The Innovator's Prescription « Owner's Toolbox - 0 views

  • is notable is because he has applied his successful problem identification model and research (from his well-regarded The Innovator’s Dilemma) to healthcare
  • business model
  • disruption’
  • ...8 more annotations...
  • value network
  • Disruption’s three components are:  1) a technology that transforms a technical problem into a simple one; 2) a business model that can take the simplified solution to market at low cost; and 3) a supporting cast of suppliers and distributors whose business models are consistent, which comprise th
  • value-added processes
  • Healthcare, like many other services, should always be outcomes-focused
  • Current hospital business models profit from patients’ illness, rather than wellness
  • accounting for 70% of all healthcare-related costs,
  • key points
  • reimbursement needs to be replaced by true, high-deductible insurance and HSA (health savings accounts), which encourage proactive safekeeping of self rather than treatment of illness after-the-fact.
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