Electronic Medical Records (EMR) are like operating systems. They do everything, but nothing well. Like windows, hospitals need applications on top of EMRs to get real value. However, the EMR data is hard to get to. Enter Redox, a way to get data into applications. The company now has an “app store” of sorts with over 700 partners including hospitals and applications. Post Covid, Redox saw volumes down by 50%, but also an asks for novel applications for care delivery. In some sense Redox sits in a unique place reflecting the health of hospitals but also where we are headed.
Data 1.0 was about paper. Data 2.0 was digitization. Data 3.0 looks to change the relationship between man and machine. What would you be willing to give to live 5 years longer in good health? How about your facebook account data or your buying history? If not for you, how about for your elderly parent, or sick child. The future is a balance between privacy concerns and better health. Ultimately you may have to give to get.
Advances Artificial Intelligence
Like your blood, your data can save others. Combine with data from other people and the right technology, your data can identify future cures. However, there is an ongoing debate. Who owns your data? And should you share in future profits if there are products? We need to balance individual rights against societal benefit moving forward.