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BioHealth InvestorBioHealth Investor (BHI) is a blog and journal focused on providing updated commentary and financial news from the biotech and medical technology industry. BHI's content is featured on Yahoo!Finance, Google Finance, TheStreet.com, SeekingAlpha.com and many other blogs and websites. BHI is also a proud member of The Business of Biotech Network, and the Investors Blog Network. |
Bill Gates On Healthcare
Posted on 10/08/2007 22:51 PM | Link | Post Comment
by David E. Williams
Health Business Blog
I enjoyed reading Microsoft Chairman Bill Gates’s op-ed piece in today’s (Oct 5) Wall Street Journal, Health Care Needs an Internet Revolution. In comparison with his fellow Win-Tel chairman, Gates is more level headed and exhibits a greater understanding of health care.
Gates reminds us of the high cost and low quality of health care. His proposed solution is to focus on better assembly and use of the data that are available now, and for enhancing the role of individual patients in this process:
Toward the end of the piece, Gates take an indirect swipe at Google while laying down Microsoft’s chosen strategy:
It will be quite a while before Microsoft’s new foray into health care pays off. But this is a company to watch for the long-term. I have the feeling that Microsoft’s maturity and resources will be powerful competitive advantages not only against Google but against upstarts like Revolution Health as well.
Health Business Blog is a regular contributor to BioHealth Investor
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Health Business Blog
I enjoyed reading Microsoft Chairman Bill Gates’s op-ed piece in today’s (Oct 5) Wall Street Journal, Health Care Needs an Internet Revolution. In comparison with his fellow Win-Tel chairman, Gates is more level headed and exhibits a greater understanding of health care.
Gates reminds us of the high cost and low quality of health care. His proposed solution is to focus on better assembly and use of the data that are available now, and for enhancing the role of individual patients in this process:
By giving us comprehensive access to our personal medical information, digital technology can make us all agents for change, of pushing for the one thing that we all really care about: a medical system that focuses on our lifelong health and prioritizes prevention as much as it does treatment. Putting people at the center of health care means we will have the information we need to make intelligent choices that will allow us to lead healthy lives…
Toward the end of the piece, Gates take an indirect swipe at Google while laying down Microsoft’s chosen strategy:
No one company can –or should—hope to provide the single solution that makes all of this possible. That’s why Microsoft is working with a wide range of software and hardware companies, as well as with physicians, hospitals, government organizations, patient advocacy groups and consumers to ensure that, together, we can address critical issues like privacy, security and integration with existing applications.
It will be quite a while before Microsoft’s new foray into health care pays off. But this is a company to watch for the long-term. I have the feeling that Microsoft’s maturity and resources will be powerful competitive advantages not only against Google but against upstarts like Revolution Health as well.
Health Business Blog is a regular contributor to BioHealth Investor
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