The Chief Executive Officer of Tempus, Eric Lefkofsky was recently featured in Bloomberg interview and he talked about data-driven medicine. In a nutshell, this is what he had to say.
Mining medical records
Mr. Eric Lefkofsky said that technology is being used in the healthcare sector to mine medical data for individual patients. Technology has come to simplify how patient information is stored and retrieved. Since time immemorial, storage of medical records has been a challenge. The challenge not only affects medical practitioners, but also patients. Data-driven medicine came to salvage the situation. As much as it may seem like a demanding endeavor, many platforms are available that offers the information just the way established tech companies stores their customers or employees data. It is difficult to capture the information of all sequencing cancer patients for example without the use of technology. It is even worse because doctors may rely on inaccurate information to inform treatment. This is part of the reasons mining data at the internet scale is important. It is easy to store and retrieve large-scale electronic records. Medical practitioners are able to access patients’ information without necessarily meeting them. The data is available with a press of a button.
How will it affect healthcare costs?
Eric Lefkofsky made it clear the focus is on improving efficiency in the provision of medical care. Data-driven medicine will make it easy for medical practitioners to access information and ultimately, the benefits will surpass the costs. This technology will prolong lives through increase in efficiency. The ultimate result of full implementation of the technology is high quality of health services and reduced healthcare costs in the long-run.
Any ethical issues?
The interviewer was concerned about possible misuse of information availed by the technology. He replied by saying in as much as security issues is a challenge to each industry, his company is committed to provide programs that will counter threats.
About Eric Lefkofsky
He is the co-founder and Chief Executive Officer of Tempus, a leader in the provision of technology enabled precision medicine solutions. He also co-founded Lightbank, a venture fund which invests in disruptive technologies. He is also the co-founder as well as Chairman of Groupon, Mediaocean, Echo Global Logistics, InnerWorkings as well as co-founder of Uptake Technologies. He started Lefkofsky Family Foundation in 2006 for private charity. He also works at the University of Chicago as an adjunct professor. He is an alumnus of the University of Michigan.