Tech Takeover for Healthcare Industry

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Dec. 13 (Bloomberg) -- Owen Tripp Grand Rounds CEO discusses the technology takeover in healthcare industry with Deirdre Bolton on Bloomberg Television's “Money Moves.” (Source: Bloomberg)

Francisco.

State-of-the-art medical opinions from top physicians to the people who needed the most.

Our more people self-diagnosing?

Is that what is driving the business model.

It is a great question and a big risk.

People want access to information.

They want to control their medical situation.

The tools they use often tell them they have a cold or cancer.

There is not a great personalized way to get access to health care until what we believe we are doing it grand rounds.

You can get any kind of range, to your point.

How are you making money?

Are physicians paying you, do people pay you a membership fee, how does it work?

The majority of our customers are the largest companies who want to give their employees a great been a fit like grand rounds so they can get access to state-of-the-art care.

They also want to control their costs.

We have great doctors looking at your case, you get the right diagnosis with the right treatment at the right time.

If you do go on as a patient with a question, is there necessity to build consensus from the experts on the platform?

We go to the key opinion leaders.

Part of what we invested in was understanding the quality of the doctors we work with.

These are the top .1% in the country.

They are generally acknowledged by their peers to be the key opinion leaders.

We do not find there is a lot of incenses building after the fact.

I like what you said about 2014 be the year of little data.

Information, there is so much out there that it has to be targeted.

I assume that is what you meant.

I think in 2014 for the health-care industry there is a big data hangover.

Big data in health care let you predict things like epidemiological occurrences.

That is great.

If you want to solve the problem for one patient at a time, you need to look at their chest x- ray and medical history.

You need to do that safely and security.

We believe in an approach where every patient gets looked at individually by an expert so they get the best possible care.

What has the affordable care act into your business?

I think it is forcing a lot of doctors to think about what their practices going to look like in the coming years.

Because payment for services will change from being a fee- for-service to value-based where outcomes really matter, we believe it has done a lot for business.

The people who produce the best outcomes are our doctors.

They're working to produce the best outcomes at these centers across the country.

It has been a boon for us.

Thanks for the time.

Owen tripp joining me, the ceo

This text has been automatically generated. It may not be 100% accurate.

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