I couldn't read the article, but I wonder if the NHS will get this for free, since we "gave" them all our data in order to train the model.
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DeepMind readies first commercial product
91–100 of 134 posts
Re: DeepMind readies first commercial product
#92Earlier quoted context omitted.
Another high cost of healthcare source is the lack of competition on price. You have zero idea how much each procedure costs. Imagine going to a supermarket where there are no price tags, and you must buy the items once you pick them off the shelf. It's madness.
That's funny. I'm not familiar with the US, but are costs not disclosed at all until after they're incurred?
That's generally true in the states, but it is even worse. You as the patient don't see the actual price before the procedure (unless you ask). After the work is done, you then get a statement saying how much the procedure cost, what your insurance paid and what you owe. All those numbers are opaque and negotiable. Even better, it is common for insurance and the provider to continue sending you bills for months after even common procedures like child birth. It's a total mess.
Re: DeepMind readies first commercial product
#93The cost blowout in healthcare isn't due to diagnosis or care but administrative costs. All these diagnostic AIs won't significantly reduce the cost of healthcare nor improve quality. What we really need is automated administration and billings to really move the needle and that's more human bottlenecked than technology.
> All these diagnostic AIs won't significantly reduce the cost of healthcare nor improve quality. Thanks but this sounds ridiculous to me. Doctors are people too who really do get paid and really do make mistakes. Using AI to learn from the best of the best will improve results overall, and automating tasks that expensive doctors did will reduce cost. Yes we need to handle the exploding and ridiculous administrative…
Agree that it's silly to write off potential gains, but it's also important to recognize that consumer costs of healthcare aren't driven by supply costs. It may be easy for administrative and insurance layers to claim the surplus created by AI.
This is an important factor in how we choose to build products out of AI advances. If your product replaces a part of a service chain that is not either right next to the transaction or in a competitive part of the supply chain, it might only help incumbents aggregate more power and charge more rent. If you can deploy in a way that improves the competitive landscape, you not only distribute gains more but probably keep more leverage as a solution.
This is harder for AI than many technology areas because incumbents tend to have more data and regulatory protection on that data. Health care might be the boss level for that problem.
Re: DeepMind readies first commercial product
#94The cost blowout in healthcare isn't due to diagnosis or care but administrative costs. All these diagnostic AIs won't significantly reduce the cost of healthcare nor improve quality. What we really need is automated administration and billings to really move the needle and that's more human bottlenecked than technology.
Another high cost of healthcare source is the lack of competition on price. You have zero idea how much each procedure costs. Imagine going to a supermarket where there are no price tags, and you must buy the items once you pick them off the shelf. It's madness.
It's worse.
If you have insurance, the price tag will be X, and they will pay for some part (most?) of it.
If you don't have insurance, the price tag can easily be 100X and it's your responsibility.
If you have insurance, but you happened to pick up that can of pepsi from the left aisle (out of network) instead of the right aisle (in network), they won't cover it, and you're stuck with the 100X price. You won't know that before you buy the can of pepsi, of course.
If you try to ask your insurance if they cover the specific can of pepsi from the left aisle, they may or may not tell you. They may or may not give you the right answer, and if they tell you it's covered but then refuse to cover it, it's your problem (and again, the price will be 100X).
Re: DeepMind readies first commercial product
#95The cost blowout in healthcare isn't due to diagnosis or care but administrative costs. All these diagnostic AIs won't significantly reduce the cost of healthcare nor improve quality. What we really need is automated administration and billings to really move the needle and that's more human bottlenecked than technology.
> What we really need is automated administration and billings to really move the needle
Right, because every other developed countries gets similar outcomes at lower costs (poor capita, per GDP, or on any other reasonable basis for comparison) because they are far ahead of us on automated administration and billing.
There might be countries where that's what's needed, but in the US there's clearly a lot of lower hanging fruit that doesn't require any new technology.
Re: DeepMind readies first commercial product
#96Earlier quoted context omitted.
That's funny. I'm not familiar with the US, but are costs not disclosed at all until after they're incurred?
That's generally true in the states, but it is even worse. You as the patient don't see the actual price before the procedure (unless you ask). After the work is done, you then get a statement saying how much the procedure cost, what your insurance paid and what you owe. All those numbers are opaque and negotiable. Even better, it is common for insurance and the provider to continue sending you bills for months after…
Even if you ask, they may not be able to tell you. Many places are just not set up to be able to give that information beforehand.
Re: DeepMind readies first commercial product
#97didn't deep-mind folks tried controlling one of the data-centers which ended up reducing the overall power requirements a while back ? i was hoping that they would go that route...
Re: DeepMind readies first commercial product
#98Re: DeepMind readies first commercial product
#99The cost blowout in healthcare isn't due to diagnosis or care but administrative costs. All these diagnostic AIs won't significantly reduce the cost of healthcare nor improve quality. What we really need is automated administration and billings to really move the needle and that's more human bottlenecked than technology.
> What we really need is automated administration and billings to really move the needle Right, because every other developed countries gets similar outcomes at lower costs (poor capita, per GDP, or on any other reasonable basis for comparison) because they are far ahead of us on automated administration and billing. There might be countries where that's what's needed, but in the US there's clearly a lot of lower han…
Yeah, so I work at a huge health tech company. A lot of the issue is actually private insurance.
Currently in the US the largest health insurance provider is actually medicare/medicaid. When a patient with medicare goes to the doctor, the government says "This is what we will pay for that procedure, no exceptions." The hospital has a choice to either accept that rate, or to lose out on the massive medicare market.
Private health insurances plans have vastly fewer subscribers, and don't have the power to negotiate prices like the government does.
But regardless, why is health care and insurance a for-profit industry? It creates incentives to put profits ahead of people's health.
Re: DeepMind readies first commercial product
#100https://outline.com/EpGqWm
Thank you.