Doctors and their patients are joining forces in a pitched battle. There are six technologies that are colliding in sick care. They represent the front lines of the 4th Industrial Revolution. Which side wins will have significant impact on the future of medicine and society.

The 4th Industrial Revolution is a mental model created by the leaders of the Joint Economic Forum and describes how physical, digital and biologic technologies have collided and the resulting challenges and opportunities that presents. Strategies to win the revolution are designed to create guardrails around the potential collateral damage. But minimizing that damage will take state of the art weapons:

  1. Rules and regulations for 4th industrial revolution technologies that balance the public health with innovation
  2. Educational systems that create a diverse talent pipeline with the knowledge, skills and abilities to win the war
  3. Rethinking STEM education

4.Stress the arts and soft skills education as part of public education with the necessary funding to support it

5. Create cost effectiveness screens for digital health products and services

6. Enforce tougher cybersecurity protections

7. Reform digital health reimbursement and payment rules

8. Turn sick care into health care by paying for health

9. Lead the revolution innovators, don’t manage innovation

10. Rethink federally funding university and federal research lab technology transfer

DARPA is a government agency responsible for developing and deploying weapons for warfighters of the future. We need CARPA – The Cyberhealth Advanced Research Projects Agency – to man the war room and do the same for doctors and their patients.

 

By Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs

Arlen Meyers is a professor emeritus of otolaryngology, dentistry, and engineering at the University of Colorado School of Medicine and the Colorado School of Public Health and President and CEO of the Society of Physician Entrepreneurs at www.sopenet.org . He has created several medical device and digital health companies. Most of them failed. His primary research centers around biomedical and health innovation and entrepreneurship and life science technology commercialization.

He consults for and speaks to companies, governments, colleges and universities around the world who need his expertise and contacts in the areas of bio entrepreneurship, bioscience, healthcare, healthcare IT, medical tourism — nationally and internationally, new product development, product design, and financing new ventures.