Steve Syre

Topics getting creamed all afternoon he did get crushed at that protect these important things what I don't know is how are there is infected yet this morning. Noble well opened it. I hope that. Not clear understanding the I put ray camp I have. They are very good speaker you pop.

Opt -- opt opt opt opt opt. They are and Steve are enough about the -- the violence of I don't know what that guided the eighties and had -- Yeah he didn't watch the Celtics really that narrows it down dozen family gathering yeah he was able family is doing the right thing instead watch in the masters that's who said the wrong thing -- take yourself away from Lotta gambling -- cause great. Grown men making millions of dollars for hitting a little white -- that's right. Doesn't make you jealous and Albright -- a believable to watch items they were intact to Steve about about one of the interesting the things going on with the stimulus package -- whenever there's a flow of money there's. Winners and losers and the health care industry and in -- technology in health care seems to be benefiting from the severe looking for someplace to invest show. People always think of a word to invest this might be an area right Steve.

I had thanks yes there a couple of the different ways to go on that and it -- you know it's raining so much money in Washington it's hard to keep track of all the stuff in. And that health care stuff particularly when it comes to computerized records which is where I think one of the prime opportunities are not. It in the grand scheme of the bank bail out it's not a lot of dull but. It's about nineteen billion dollars over time altogether and that used to be real money so. I think that's so one of the things that I look at and in the past. I think got a -- a prime example of the company right now back Jordan watered down. I call that being helped here which is it has been in the business for quite awhile of computerized thing essentially doctors' offices and how they bill and and recover money from insurance companies and they had some time ago branched out to. A medical records. Electronic product that sort of looks like exactly what. Washington wants right now in India has some. Takers in an early on but I think that's something that's. I I wrote about it a couple of months ago as a potential real -- for this particular company.

Steve I always read that some are other than the billing codes or an area of complexity. Obscurity in complexity that nobody seems able to navigate as I read it on a simple -- civilian on this stuff. -- MI right in thinking that perhaps -- pilgrim has a particular billing code for the hip replacement. And that tufts and Fallon have different billing codes for the same approach C Georgia.

I think that may be true it's interesting that the story of the globe this morning about. Sort of our early stage. Efforts space if they focus not on Google's top here record platform and and basically how. Things get it -- is it is just you know this thing right we're gonna hit a couple of keys on a keyboard and everything's going to be great -- There is a lot of confusion in a -- exactly these lines and that is everybody's been electronically. Focused on. In -- and -- payments and particularly. Three years now but when he's Serb translate that into an actual medical record that got. That would be exactly the kind of complexity that you're talking about creates kind of -- a model fiction sometimes.

Well there's all this just coordinated stuff going on in doctors' offices that you would want to see. All pull together under single software package which could be extremely dangerous and scary and their stories today about. About some of the hazards of mistakes went to have this but. If you think about a world in which everything coordinated where all those forms C insurance companies what happened automatically as soon as a doctor filled out. The former by your visit on his computer my doctor has this portable tablet that he stands -- anyway. He's asked me questions and he pokes the computer and and puts the answers in. And what a beautiful thing effect at all just Terkel wrote to all the different wings it needed to without people -- a new paperwork and fill out forms and.

I think it's not have a similar experience where there is essentially a piece in the cameramen debt. And you know -- they had information as we thought long and you know it's. And I agree that there are there is an opportunity for you know. Mistakes and and for it to be a little scary at that rate.

But you don't see the other side I was just -- could see this a friend of mine is a new works -- an expert witness sometimes in the medical field and he says most of the problems that occur. Have to do with the fact that information is in in your folder but it doesn't happen to be on one of the pieces of paper near the top of the folder so it's not. In the consciousness of my --

Getting to the right place. I think either information not being delivered or information error that just happens to be on paper is a very. It's something that's very hard to measure in terms of how often it happens but I think it is does happen what -- didn't. -- I think there's at least as much. Trouble with paper records and probably more particularly as it relates to that the right people seeing the white paper at the right time.

Now the other option of course would be get rid of all doctors. And then I would have to worry about any of us pop pop pop client that yeah I thought suicide data or Shakespeare said let's get rid of all the lawyers and so whatever may -- we can broaden that a little bit. Stated seems to me -- this said this new age that we're -- information and information technology in coordination. It might be a really fertile ground. -- preventing the mishaps that occur with somebody who might be on multiple medications. One of which contracts. Another medication all which actually has asked how highly adverse. Reaction does that sound -- that -- he plays all the time warning warning warning -- I mean no shook off automatically and land that -- if you got five different doctors and they're all of prescribing differ medication that should be a clearinghouse were all black consolidations but I.

ER I I agree 100% I think. It again this is transition process right now but that. The opportunities were things in in lots of different ways to be much better over time by the by. Electronically organizing these records and being having it -- just the simple power of computers to do exactly these things to keep track of everything. And -- and do simple things that just. Don't happen because it's not practical our paper right now I think -- and it's include and I believe good things to. Over time. Electronically organized.

Of course when I picked up drugs at the CVS drive -- they always say is there anything you want to know what these drugs in may be good enough. Yeah any questions -- it costs down but -- Location nice to Steve's site tell me about the world what's in -- in the end for the docked at -- the hospital. To under a good you know attempt to undertake the expense of this stuff. And then what is the payback for these guys if penny over a period of period of time hitting these toys to come to.

It well. You know it and dressing -- as mentioned that in a puppet and one of the things that I -- really like about that is not only are they sort of moving into a new category this records management category but also. From a technology standpoint. It's it is kind of a new generational. Thing which is being applied a lot of different businesses right now but is relatively new. Healthcare records and that -- it if you were a company or a medical practice in the past and you needed to computerized things. You waited up with a big box and a lot of software in a vendor who came by tried to sell you new things every month and there was a lot of fixed cost associated with that it was a box. It was stop where. And didn't in -- this have been helped bottle. It's all. Gravitate to web site that that the software is all on the web site and that. This creates an enormous cost savings that there aren't all these. Software platforms on each and every medical practice everywhere. And and so that there is. The practice of driving down the cost of how this stuff is actually applied to hospital hospital practiced practiced things like that -- how this works -- out how this. Federal plan works in the short term is that pay attention nineteen billion dollar business summit and that is essentially. Two billion out of that which is to create. National. Platform -- to create all the technology behind it but the rest of it is mostly Medicare Medicare and Medicaid carrots to get. Doctors involved -- that here's here's the money that you're going to be able to make in addition or. Somehow. Get your hands on the seventeen billion dollars but you have to be. Electronically organized to do it and that did basically you we're gonna we're gonna find a way to help you pay for this and in the end it's going to be what a lot more. Especially as you go down it won't be carrots and will be Dexter. And that if you want to capture your Medicare money you're gonna have to have it this way.

I just merge it together and do carrot sticks for the country both at once so I -- such -- health that's too much health all of our of still took Chocolat a chocolate Easter bunnies. Well let's -- go to death thank you for today's edition of the Boston business report with Steve.