Tuesday, December 4, 2012

Extra Credit


Electronic Health Record

 

Electronic health record (EMR), not to be confused with electronic medical record is a comprehensive electronic method of maintaining the entire medical record of a patient.  In contrast, the electronic medical record is often simply medical practice specific, and offers little to no portability of information.  According to Medicare, there is now a carrot/stick approach to entice MD’s and other practitioners to adopt such software and it isn’t cheap.  Software can run 10’s of thousands of dollars on up, depending on scale of use.  Medicare is currently offering incentives to adopt approved software now rather than later.  If the practitioner waits until 2015 or later, he/she will face a 1% to 3% penalty per year.  Also, “meaningful” use must be proven to receive the incentives.  This usually happens in a doctor’s office by integrating prescriptions that are automatically sent to the pharmacy. 
The Idea is to be able to offer a one stop shop for a patient’s medical record regarding imaging, pharmacy, doctor visits, rehab, etc…In theory, this can drastically cut down on prescription errors, and duplication of effort patients dread so often when seeing multiple doctors.  The whole concept presents an opportunity cost for the practice.  Major Hospital chains and big practices have more resources to adopt such change, but many smaller “one doc shops” cannot afford to purchase, train, implement, and maintain such an investment even with the incentives.  Some smaller primary care practices are simply not seeing Medicare patients all together.  All in all, this brings up a valid point regarding healthcare and associated costs, especially the imposed costs of doing business. 
citations:

Monday, December 3, 2012

Extra credit post: Motorcycle Innovations


 

    In my small hometown, the first group of people who bought motorcycles were all killed in motorcycle related incidents. Ever since then, I have always considered the motorcycle as a very dangerous transportation vehicle and difficult to drive. But now a new type of motorcycle that looks like a mini car will be launched in 2014. This marks the end of a traditional motorcycle era and the beginning of a more innovative era. This event is significant in that it will bring more safety, energy efficiency and potential climate benefit for this world.

 

    Daniel Kim, the owner of San Francisco-based Lit Motors, is developing a new type of motorcycle that is safer than the traditional one. They named this motorcycle C-1. It is enclosed with steel-reinforced shell and doors. It can reach a speed of 120 miles per hour. The metal shell gives drivers better protection during a collision. In addition, the gyroscope technologies enable this motorcycle to keep its balance. The benefits it brings to people is safety; people can drive in bad weather such as rain, snow or windy days. Moreover, this motorcycle use electric batteries to save energy. Gasoline powered cars, a nonrenewable resource, are sources of pollution and contributor to climate change. The development of this electric motorcycle is a good solution for global warming.

 

    The company has developed a prototype and hopes to launch commercial products in 2014 with a $24000 price tag per motorcycle. The price would be cut down to $14,000 in 2016. The company's target markets are older motorcyclists and younger commuters. But I think they need to move into markets in China and India. It is difficult for further automobile development in these countries because of their large populations and limited city land. Motorcycles are always a good transportation tool for people who live in these countries. Although the price cannot compete with the cars, this type of motorcycle will become popular in niche markets. Practicing managers should grasp this opportunity to develop the new motorcycles.

 

Citation

1. A Motorcycle that won't wipe out. By Olga Kharif on November 21, 2012

http://www.businessweek.com/articles/2012-11-21/danny-kims-motorbike-wont-wipe-out

2. For Some Drivers, an Electric Motorcycle Could Be the Best of Both Worlds.

By BRIAN X. CHEN  on October 10, 2012

http://www.nytimes.com/2012/10/11/technology/start-ups/for-some-drivers-electric-motorcycle-could-be-the-best-of-both-worlds.html?pagewanted=all&_r=0

3. Lit Motors unveils all-electric, fully enclosed motorcycle

http://www.youtube.com/watch?v=Z0m-cUxMcJw