Theranos is a controversial health technology company that had provided medical diagnostic testing to consumers through the convenience of Theranos’ valuable partnership with Walgreens, and a unique vision of changing the healthcare industry. Theranos’ unique vision was to provide accurate and fast results in order to stop the onset of asymptomatic diseases (Rago 2013). Their key value proposition is aimed at proliferating the speed and accuracy of these diagnostic tests through automations which will limit human error and eliminate the need for multiple lab tests. Theranos primarily sought to perform these “accurate” tests with only trace amounts of blood from patients (Rago 2013). However, Theranos was not able to produce accurate results …show more content…
Although Theranos originally had good intentions and visionary goals of providing increased accessibility of testing to consumers, they were ultimately unsuccessful due to the inaccuracies of their test procedure, invalidating their other value propositions. Theranos’ visionary goal was to provide easier accessibility of testing for patients through their partnership with Walgreens. Theranos’ vision allowed them to capitalize on the growing retail clinic trends. The advantages of retail clinics and testing in pharmacies allow the convenience of patients with minor medical conditions to access patient care during inconvenient times, and as a result become increasingly popular (Dalen 2016). Retail clinics treat a range of acute conditions by PAs and NPs where only less than 5% of patients have conditions that fall beyond their scope (Dalen 2016). Theranos is taking the business model of retail clinics but applying it to in vitro testing. Theranos was highly successful in their goal of promoting the convenience of accessibility to tests for patients. However, due to the many controversies surrounding Theranos including the inaccuracies of tests, Walgreens eventually terminated …show more content…
This dilution process may potentially cause an underestimation of the test results leading to potential error. Theranos diagnostic testing was assessed when sixty individuals participated in a cohort, comparative study where Theranos finger pricking blood test was compared to a venipuncture blood draw testing biological molecule levels and different blood cell counts to a normalized reference range (Kidd et al. 2016). Figure 1 shows all of the results from Theranos that tested outside of its reference range from the 60 participants. Theranos was 1.6 times more likely to test outside of its normal reference range compared to other diagnostic testing laboratories in areas such as 5% out of range difference in RBC counts and lipid molecules including 10% difference for LDL and 40% difference for HDL (Kidd et al. 2016). These discrepancies demonstrate that there are high variability in Theranos sample collection and procedural data collection analysis which inhibits the usefulness of their automated systems limiting human error, speedy test results, and low test costs. The value in diagnostic testing revolves around the actual
Telecare unit. Being the nurse manager, he assumes the leadership in developing professional relationship among the multidisciplinary team. Mr. Thathamkulam has an open door policy and instructs all his staff to report to him any problems, which arise time to time so that it can be taken care of in the initial stage. He monitors all the team members on a daily basis. Mr. Thathamkulam functions as the chair of the safety committee for Eye Care Line; he monitors for Joint Commission safety compliance in the care line, identifies safety hazards, follows up with fire drills, attends hospital wide safety meetings, conducts quarterly safety meetings in the care line and reports to the hospital wide safety committee chair. He attends nurse manager
P3 – Describe the investigations that are carried out to enable the diagnosis of these physiological disorders
...h the disease. Doctors or patients should not use that as an excuse to go through with PAS. Kaveny says, “…they have argued that PAS would be just the first step down a slippery slope” (1), which is very true because the faults that will come along with PAS will eventually cause the downfall of our health system. It will do that mainly because how could anyone trust a doctor that gives up so easily.
Grady Memorial Hospital, also simply known as Grady, is the public hospital for the city of Atlanta. It was found in 1892 and is one the largest hospitals in the state of Georgia. Grady has become known for its amazing trauma service. As the hospital website notes, they are the region’s premier level I trauma center (Grady, 2016). While Grady excels at taking care of the critically injured, it still has areas that need some work.
RESPONSE: There are alternatives methods to replace animal testing and the technology for it will advance and continues to do so. The glass vasculature model, used to study fluid dynamics in cardiovascular studies, is a compact step in the right direction. Hopefully, a time will come when scientists do not have to use animals for scientific purposes. Other methods for curing Alzheimer’s disease, cancer, sickle cell disease, stroke, spinal cord damage and etc will develop. (74 words)
There has been a shortage of physicians, lack of inpatient beds, problems with ambulatory services, as well as not having proper methods of dealing with patient overflow, all in the past 10 years (Cummings & francescutti, 2006, p.101). The area of concern that have been worse...
The healthcare industry, as a whole, has made great strides towards improving access to he...
...th. The test can be to check your blood glucose levels, cholesterol, triglycerides, lactic, and uric acid. And to check if your growing and checking for enlargements of the liver.
Yates K. M., & Creech Tart. (2012). Acute care patient falls: evaluation of a revised fall
Page-Reeves, J., Niforatos, J., Mishra, S., Regino, L., Gingrich, A., & Bulten, J. (2011). Health
Health Care workers are constantly faced with legal and ethical issues every day during the course of their work. It is important that the health care workers have a clear understanding of these legal and ethical issues that they will face (1). In the case study analysed key legal and ethical issues arise during the initial decision-making of the incident, when the second ambulance crew arrived, throughout the treatment and during the transfer of patient to the hospital. The ethical issues in this case can be described as what the paramedic believes is the right thing to do for the patient and the legal issues control what the law describes that the paramedic should do in this situation (2, 3). It is therefore important that paramedics also
trials of investigation medical products. The FDA also has to review and approve in a
At Mayo Clinic, the organization is driven by the needs of the patient and providing an unparalleled experience through integrated clinical practice, research and education for all patients. Analyzing the strategic plan for Mayo Clinic and identifying and summarizing long-term and short-term plans helps to develop an outlook for the future. “US News & World Report ranked Mayo Clinic as one of the 21 “Best Hospitals” in the United States in 2009” (Jones, 2010, p. 52.), and has been on this list for last 20 y...
Mayo Clinic is a hospital that is as well-known by many to be a haven of caring and concerned doctors whos’ sole focus is to give their patients the type of care they would want their families to receive if they were patients. According to Colquitt, LePine, and Wesson (Mayo Case Study, 2014), Mayo Clinic has established a customer service, patient first culture that puts the needs of those whom they serve ahead of other focuses, such as profit or patient quotas. This corporate culture has lead the hospital to become one of the most successful and iconic medical centers in the United States. Colquitt, LePine, and Wesson (Mayo Case Study, 2014) propose several very interesting questions at the end of the reading that they ask readers to ponder.
When asked to state the primary goal of his business, Dr. Slez cited “high quality health care service” as the firm’s main objective. The effective treatment of, and development of trust with, the practice’s patients, Dr. Slez continued, takes precedence over profits. Indeed, if all healthcare firms placed profits above patient care (and many do) we would be far worse off. While doing what is needed to stop the spread of a disease or alleviate pain may not always be the most cost effective approach, it is the approach demanded by the government and general public. This is not to say that Dr. Slez’s firm does not try to maximize profit. The f...