Posted on 02/27/2014 4:53:50 AM PST by Abathar
Link only to this site - This Woman Invented a Way to Run 30 Lab Tests on Only One Drop of Blood
Good news for those of us who have to have blood drawn regularly. This young woman dropped out of college and used her tuition money to found this company, and it's going to be a game changer in the medical field.
http://www.wired.com/wiredscience/2014/02/elizabeth-holmes-theranos/
We'll see what the Obamacare government has to say about that.
She can do a whole bunch of tests for less than half the cost that medicare is reimbursing for now.
I disregarded my tagline for once on this article, she could save them billions.
I had extensive time in the hospital a few years ago. I had a lot of blood drawn (usually at midnight). This would have made my stay much more pleasant.
Seriously, one drop of blood - heck I could give that to them after shaving some mornings. ;-)
I wonder, how long will it be before these colleges start
demanding a cut of the profits from the innovations and
discoveries of their present and former students?
Not guilty!
> Her company even lists their prices! What a radical concept.
And all the prices are under $5 a test! Of course with 0’Care administration and their costs it will probably end up costing over $100 a test; after all it does take the place of many other tests...(and you know profit will be clipped and rediverted into someone’s pockets along the way)
Her company even lists their prices! What a radical concept
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That alone should get her a lot of business.
One gets tired of looking into ‘latest doodad’ you absolutely have to have but (usually) if it is over 20 bucks you almost have to fill out all the ‘paper work’ before you get to see the price.
Kind of a ‘YOU HAVE TO BUY IT TO SEE HOW MUCH IT COSTS’ attitude.
Well if she found a way to do something for far less than can be billed for, the ‘billers’ will shoot it down.
Remember when ‘in our interest’ Drs were told they couldn’t do lab procedures in their office or had to refer one to another lab or Dr, that the Drs ‘got together’, opened their own lab and were now able to bill you for the visit and consultation, bill you for the lab visit, then bill you for reading of the results.
Maybe the initial payment should come out of YOUR pocket - to be reimbursed quickly(HA) - at least then you would see how much a visit actually cost.
If health insurance were handled like auto insurance you wouldn’t be having all these problems now.
People running to the Dr or Emergency Room for a head cold “because I am paying for it by paying my insurance premium” is what is causing a lot the constant rise in costs”.
Like PJ said “You think health care is expensive now, just wait till it is ‘free’”
I checked the prices, it appears you can get all the available tests for around 1000 dollars, I didn’t add them all but it seems about right.
There is one test for 358 dollars for respiratory virus, it is the most expensive the vast majority of tests are under 10 dollars, if you eliminate the 358 dollar test, it would cost about 6 to 700 dollars for everything.
Amazing!
Those are some darn cheap prices compared to what I’m charged when I get my blood tested.
Heck there is one test that is $358, (respiratory virus 12-25 targets whatever that is) and the next highest test cost is HIV at $58, followed by Hepatitis at $32, all the rest are peanuts compared to what my insurance is billed by a lab.
Last time I had my panels done it was well over $1200 and it really wasn’t all that thorough I don’t think.
This is great, and there are a lot of small companies / start ups out there working on the same type of testing approaches. The problem so far is that these ‘Point of Care’ labs tend to be a bit less reliable than standard testing, but that’s solvable.
To be honest, labs have for the longest time been able to do blood tests on a much smaller amount of blood from pediatric patients.
Clever lady.
I concur!
But scroll down and watch the vid and listen to her voice;
Imagine you had never seen her photo.
There’s a crude joke there, but I’m not going to tell it.
Yeah, I see what you mean, though it probably doesn’t bother me as much as you. As for the young woman interviewing her, she reminds me of a gal I had a relationship with about 10 years ago. A wildcat, if you take my meaning.
I was nearly “ummed” to death by the interviewer.
Sounds as though EH had a case of the “croup”.
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