Tech companies revolutionizing health care, Chinese millennials and SpaceX’s global internet project

FILE – In a Wednesday, Dec. 7, 2011, file photo, a person stands near the Apple logo at the company’s store in Grand Central Terminal, in New York. There’s a shadowy global industry devoted to unlocking phones and extracting their information. For digital forensics companies, success can mean big bucks in the form of government contracts. And the notoriety that could come with cracking an iPhone used by a purported terrorist could rocket them to cyber stardom. (AP Photo/Mark Lennihan, File)

By Jason Middleton

How Tech Companies are Revolutionizing Health Care

Let’s own this: America’s health care system is in massive need of repair and overhaul. Regardless of politics, skyrocketing prices and almost-complete inefficiency are costing patients, doctors, insurers and hospitals far too much time and money.

Patients flit from doctor to doctor, with records being lost or duplicated. Procedures — often redundant procedures — are paid for per item, inflating bottom-line costs. And make no mistake, patients ultimately pay for this inefficiency, as industry stakeholders pass along the costs.

Broken, right?

Enter Apple and other companies who want to make sense not only of electronic health records (EHRs), but also of the mountains of unstructured data patients generate, just by being involved in the system.

This week on Techonomics, in segment one, we dive into the topic of tech companies crossing into the medical industry. Author Paddy Padmanabhan, CEO of Damo Consulting, joined the show to offer a deeper dive into his analysis in his book titled, ‘The Big Unlock: Harnessing Data and Growing Digital Health Businesses in a Value-Based Care Era.’

Young America Versus Young China

Next, in segment two, we cover how Chinese “millennials” see the emerging world.

The transformation of China over the past 30 years has been nothing short of remarkable. With a mix of socialism with capitalism, free-trade zones and human-rights crackdowns, the country is a conundrum to some.

In China, a generation (not unlike America’s Millennials) is maturing into a cohort that China has never seen: “The restless generation.”

We chat with Zak Dychtwald, who first experienced China as a Columbia University student, studying abroad. From his long, overnight train rides to endless restaurant meals, Zak was given incredible insight into how young Chinese feel about everything including money, government, love, the West, and even China’s shifting role in the world.  Above all, Dychtwald saw how this country and its new generation are poised to become the 21st century’s power players, one of the key motivations behind his new book, “Young China.”

Business Sentiment Post Tax Reform

In segment three, we take a look at the Federal Reserve’s concern that the economy could overheat, and that fire comes from, among other things, the new tax laws passed in December 2017.

JP Morgan Chase Commercial Banking division has taken a lengthy, and detailed, survey of small-and-medium-sized business owners to gauge how confident they are in the American economy, at least for 2018.

We speak with a senior economist at JP Morgan Chase, Jim Glassman, about some of these findings which include data on top regulatory and policy concerns, local business outlook and Trump’s impact!

Wi-Fi in the Sky

Finally, in the latter half of segment three, we look at Space X’s experimental satellites that could lead to an array of 12,000 low-earth orbit satellites designed to bring high-speed broadband internet to all corners of the globe.

But, Space X is not alone in pursuing such goals. The market opportunity is heating up — another aspect we provide details on! 

Please click on any of the above links for more information. Visit our show page to view all our podcasts (see this week’s segments mentioned in the article below). You can follow our Facebook page or follow me on Twitter for additional updates!

Have great weeks, everybody!


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