Cisco’s John Chambers Says U.S. Healthcare is at Tipping Point, Wants ‘Internet of Everything’ [VIDEO]
|Rubi Valdez |||Aug 29, 2014 10:15 AM EDT|
(Photo : Reuters/Ruben Sprich) John T. Chambers, Chairman and Chief Executive Officer of Cisco, speaks during a session at the annual meeting of the World Economic Forum (WEF) in Davos January 22, 2014.
John T. Chambers, CEO at Cisco, thinks the U.S. healthcare system is at a tipping point of success or failure. In a featured story published by Forbes, Chambers backed up his statement saying that the current system makes room for "disconnected and inefficient" growth.
An advocate of the best medical care for family members and employees, Chambers added that integrating technology in hospitals would mean better data mining and assistance to patients.
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He calls his philosophy the "Internet of Everything," in which companies and agencies "[bring] together people, process, data and things to make networked connections more relevant and valuable than ever before."
In 2012, the United States government spent about US$2.8 trillion in healthcare averaging US$8,915 of individual costs on an annual basis, according to the statistics reported by the Centers for Medicare & Medicaid Services (CMS). The trend is on a consistent uphill track with an increase of 5.6 percent for the last quarter of 2013, the Bureau of Economic Analysis said.
However, Chambers said that America is more likely to face major bankruptcy if the government will not act soon to evolve program policies. Chances are high, especially with the rising costs of hospitalization and medication, and decreasing allocation from the government.
He describes the overall system as a "network of routers and switches built in silos" that operate disparately to improve health services for patients in general.
Chambers added that centralizing communication and operations is a bold, but major advancement in the healthcare system and a predictor of the country can benefit in the future. Today, many hospitals are still following the traditional trial and error system and community clinics mostly have no access to shared electronic medical records.
This, he says, is a real-life example of how America is struggling to achieve efficiency in delivering quality and accurate health services.
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