Now,
Instant Diagnosis on Drop of Blood
Our
whole society is instantaneous.
Bryan
Cranston (born 1955), American actor, writer, director
And
once you get instant communication with everybody, you have economic activity
that’s far more advanced, far more liquid, and far more distributed for
everybody.
Marc
Andreesen (born 1971), American entrepreneur, founder of Netscape
We live in an age of instantaneity. It is
the age of Twitter, Facebook, social media, mobile devices, smartphone, Wikipedia,
instant news, instant destruction of established businesses, instant communication at all levels of society, and now instant diagnosis.
We may soon know what diseases we have or are likely to get even before we know we have them and before they get us.
According to a September 7 interview by Joseph Rago, a
member of the Wall Street Journal editorial board , with Elizabeth Holmes, a 29 year old Silicon Valley entrepreneur who
founded Theranos, a health care business, in 2003, it is now possible to provide more than a thousand
laboratory and genetic test results from a single drop of blood, instantly, more
accurately, and more cheaply than
before. We can get results within hours rather than days or weeks and establish an instant diagnosis.
If this instantneity works out as predicted, it could upend the entire
medical laboratory industry. The 6.8 billion tests now perfomred now accounts for 2.0% to 2.5% of all health
care spending and drives 7 to 10 of clinical decisions.
For perhaps the first time, we may be able to increase quality while decreasing cost.
Ms.
Holmes envisions a
Theranos clinic coming soon to a pharmacy near you. The company is
launching a partnership with Walgreens for in-store sample-collection centers,
with the first one in Palo Alto and expanding throughout California and beyond.
Ms. Holmes's long-term goal is to provide Theranos services "within five
miles of virtually every American home."
Ms.
Holmes claims Thernaos technology testing could cut laboratory test costs in half
and save Medicare $61 billion and
Medicaid $8 billion over the course of ten years. The new nanotechnology might may eliminate the need for
phlebotomies andblood drawing stations and put thousands of medical technologists, pathologists, and
medical labs out of business.
It might also reverse a current trend – that new
medical technologies may increase quality but they also increase costs. The promise here is that new technologies
would not only increase quality but decrease costs and speed diagnosis in the
process.
As
a veteran clinical pathologist who co-owned a medical diagnostic laboratory. I
am of three states of mind about all of
this.
One, I think it is theoretically
possible and could instantaneously generate instantaneous clinical diagnoses, before a disease became manifest.
Two, I
would like to see the technological and diagnostic accuracy validated before
leaping to any conclusions.
Three, if
validated this would be an example of the power of digital technologies to
produce the “creative destruction” of an established medical industry.
This is not as far-fetched as it might
seem. After all, Internet- related “instantaneities” have
already undermined or rendered obsolete many newspapers, encylopedias, retail stores, and other businesses dependent on print and foot
traffic. Why not medical laboratories,
too?
Tweet: It may now
be possible to create instant diagnoses
from a single drop of blood within hours at ½ the price and in far less time than currently
required.
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