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Health Econ Value

The Pandemic Is Changing How We Value Health Care

Jan B. Pietzsch and Uday Kumar, Stanford UniversitySeptember 2, 2021November 15, 2021
telehealth
Sections
  • Health
  • Technology
Topics
  • Health Technology
  • Healthcare Spending
  • Public Health
  • Technological Innovation
  • telehealth

The COVID-19 pandemic upended the U.S. health care system, putting enormous strain on providers and hospitals, and discouraged patients from in-person visits. By forcing us to find innovative ways to deliver quality care, it exposed the inefficiencies and unnecessarily high costs of some existing practices and showed that new methods like telehealth could provide equally good care for less money.

As bitter and tragic as the COVID-19 crisis has been, it pushed us to rethink how we measure value and effectiveness in health care and expand our view of what counts as quality care.

At the Stanford Byers Center for Biodesign, where we train and mentor health technology innovators, we have long emphasized the importance of value-conscious care. We hope the experiences of the past year will accelerate an approach to health care innovation and delivery that optimizes patient outcomes while also taking value and cost-effectiveness into consideration.

Read the full article at Newsweek.

This article was produced by Footnote in partnership with Stanford Byers Center for Biodesign.

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Contributed by

Jan Pietzsch

Jan Pietzsch

Adjunct Professor, Management Science & Engineering
Director, Health Economics & Value, Stanford Biodesign
Stanford University

Jan Pietzsch's professional and academic work focus on early-stage technology assessment and strategic decision-support for investors, manufacturers, and research institutions. A primary emphasis is on the early evaluation of the value proposition of new technologies to provide quantitative input into the selection of the most promising technology concepts and their targeted development. This includes model-based assessment of the clinical and health-economic benefit of new diagnostics and therapies.

Uday Kumar

Uday Kumar

Founder, iRhythm Technologies, Inc.
Fellow, Biodesign Innovation
Stanford University

Uday Kumar is the Founder of iRhythm, which is a digital healthcare company that is seeking to redefine the way cardiac arrhythmias are clinically diagnosed by combining wearable biosensing technology with cloud-based data analytics and machine-learning capabilities. The Zio Patch is a discreet, comfortable, patient-friendly monitoring patch that resembles an adhesive bandage.

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