I am Stephen M. Borstelmann MD. I am Florida-based Board-Certified physician trained in Interventional Radiology. My practice has been rewarding both personally and professionally. I’ve diagnosed and treated as a practicing clinician, been a patient also, and held administrative roles. I’m also a father to three amazing kids. Before I was a physician, I was an options trader on Wall Street – a ‘quant.’ I will admit that my background in Finance, Healthcare, Medicine, and Machine Learning is uncommon.
Our nation’s healthcare system is being disrupted by many complex forces. At times, it seems to fail all of us. We are moving from a fee-for-service, volume-based healthcare delivery system to an outcomes-oriented, value-based system. The lines between patient and provider, physician and mid-level, hospital and insurer are blurring. Complex trends in demographics, disease, population health, technology, and economics underpin this change.
The image above shows the new value paradigm – at the intersection of patient care, technology, finance, and administration.
Technology has exploded – and can improve everyone’s health and well-being. As an options trader, I used partial differential equations in six variables to price currency options in excel, and used brute-force optimization & data analysis to develop profitable trading systems. As a practicing physician, I learned Six Sigma/Lean and operational analytics for Process & Quality improvement (PI/QI). Curiosity about better tools for QI/PI than Excel led me to the R statistical programming language, which taught me more about supervised learning & data science. This looked a lot like the trading systems I used to develop on Wall St, but on steriods! Then unsupervised learning, Andrew Ng’s course, and a short hop to Convolutional Neural Networks, AlexNet, and current advances in computer vision, finally returning me to my roots as a radiologist. Tensorflow is called through Python, so…
Statisticians, data scientists, entrepreneurs, startups, and large corporations are moving into the healthcare technology space. But where are the doctors? In-the-trenches physicians are consumed by daily patient care. But physicians need a seat at the table to protect the interests of patients, ethically, medically, and scientifically. This is why I’m communicating what I’ve learned by this blog.
There are questions I have that have yet to be answered.
Is it possible to be successful during this transition – to still deliver high quality patient-centric care while aggressively managing costs and meeting standards?
As an Interventional Radiologist, I want to ‘see’ better. Can technology help me to do that?
I think the answer is a resounding “Yes” but next “When?” and “How?”
What’s coming in the next 20 years in healthcare is going to be so strikingly different than what came before that much of it can’t even yet be predicted. Assumptions will be challenged, sacred cows will be overturned, and those that cannot adapt will be pushed out. This is a Schumpeterian change. The transition is already rocky. It will continue to be difficult. This blog exists to share knowledge and connect with other like-minded individuals. Contact me on LinkedIn, follow me on Twitter, or Email me at: email@example.com .
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