Tech Spending: How Much Is Enough?
Will technology disrupt health care? According to the authors of a recent Harvard Business Review article, Why The Tech Industry Won't Disrupt Health Care, the conclusion is "maybe not." Why? The "power of incumbency" prevents transformation around the capabilities of technology. Fragmentation, complexity, ambiguous business models, local brand loyalty, and time to change are all factors in this incumbency that slow innovation in the field. It takes almost two decades for innovations in health care to become mainstream best practices (see The Answer Is 17 Years, What Is The Question: Understanding Time Lags In Translational Research).
But the authors . . .