Today: Health System or Health Platform, Does it Matter?

Here is what ChatGPT-4 has to say. This podcast discusses how the term "health system" is becoming obsolete as health organizations evolve beyond being just care providers to include businesses such as retail, pharmacy, venture capital, telehealth, and hospital-at-home. Organizations like Stony Brook Medicine are now referring to themselves as "health platforms" due to their partnerships with experts in various fields. This shift is also driven by the increasing demand for more convenient and extended telemedicine and remote patient monitoring options. However, there are concerns about the economic model of this new approach, as well as the need for an intentionally built data fabric to ensure seamless data exchange and insights across multiple entities. Additionally, creating a cohesive experience across different businesses is also a challenge. Overall, the author believes that while the shift from a health system to a health platform is necessary and already happening, organizations need to be careful in ensuring that it does not drive up the cost of care and that it is architecturally sound.