Why Greece is a Tragedy for Connected Healthcare

If there is one thing I have learned over the last 8 years of traveling internationally, it is that news that occurs in the US is played around the world. More often than not it's presented with more of an objective eye. However, news that occurs in Europe or elsewhere doesn't always get the same attention here.

However, it's been hard to avoid the news regarding the economic situation in Greece. Here is a timeline of events and a nice summary of the situation here.

The macro trend that is not mentioned but will surely occur is that budgets all across the EU will tighten now and into the foreseeable future and that will impact health care delivery and innovative pilots downstream. You see, the EU recognized the value of tele-health to reduce cost and improve health outcomes and have been driving many pilots and opportunities in Spain and elsewhere.

But with the belt tightening, there will be a squeeze on budgets across all countries and health care will suffer the result as reimbursement gets cut, pilots get cut and countries retrench to weather the economic storm.

That is bad for everyone, bad for health care and bad for connected health. Greece unwittingly just set the connected health movement in Europe back years. The silver lining is that products and product adoption have lagged and this could buy the necessary time for real product solutions to come together rather than one-off products. 

All in all, it reinforces my belief that connected health is a marathon and that the real change is occurring on the patient side, which incidentally continues to grow.

| www.jlefevere.com | www.thedigitalstrategist.com | If you liked this post consider adding a comment or subscribing to the feed for frequent updates.
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