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Episode 50
Episode Summary

How Digital Transformation is Revolutionizing Healthcare

The healthcare industry is undergoing a digital transformation that is revolutionizing the way healthcare is delivered and experienced. From virtual reality (VR) to sensors and other technologies, healthcare providers are increasingly turning to digital solutions to improve patient care. In this podcast episode, Jim Barnish and Danny Goel discuss the impact of digital transformation on healthcare and how it is revolutionizing the industry.

What is Precision OS? 

Precision OS is a virtual reality (VR) platform that was created to help surgeons and healthcare professionals learn and practice their skills in a realistic, immersive environment. It allows them to make mistakes and practice different techniques in a safe, digital space. The platform also provides learners with a score at the end of the training, which is validated to determine if they are safe to enter the operating room.

How Does VR Help Medical Training? 

VR helps medical training by allowing learners to make mistakes without putting a patient’s life at risk. It provides an authentic environment where they can practice their skills, deepen their understanding, and test out different pathways before going into the operating room.

The virtual environment also provides learners with imaging, such as x-rays, and instruments that are used in orthopedics, such as for knee or shoulder replacements. This helps them to gain a better understanding of the procedures and techniques that they will be using in the operating room.

Challenges of VR Adoption in Healthcare 

One of the biggest challenges that Precision OS has faced is the adoption of VR in the healthcare industry. Many people don’t understand what VR is, and they confuse it with augmented reality (AR) or mixed reality. Additionally, there is a hardware adoption curve that needs to be addressed before VR can be widely adopted in the healthcare industry.

The Benefits of VR 

Despite the challenges, VR has many benefits for medical training. It allows learners to practice their skills in a realistic environment, and it provides them with a score at the end of the training that is validated to determine if they are safe to enter the operating room.

VR also helps to keep healthcare professionals up-to-date with the latest techniques and technologies. As the technology continues to mature, it will become even more beneficial for medical training.

The Novelty of Virtual Reality

One of the most exciting developments in healthcare is the use of virtual reality (VR). Putting something on your face is quite unique, as it is an invasive experience that is more immersive than using an iPad or phone. This novelty is both a challenge and an opportunity for healthcare providers.

Digital Transformation in Healthcare

The pandemic has accelerated the adoption of digital technologies in healthcare, with virtual care and telemedicine becoming increasingly popular. This has enabled healthcare providers to deliver quality care to patients around the world. Digital transformation is also allowing for more repetition and practice, enabling healthcare providers to develop their skills and expertise more quickly.

The Power of Making Mistakes

VR is also allowing healthcare providers to make mistakes in a safe environment, without impacting patient care. This has enabled healthcare providers to practice and hone their skills without the risk of making mistakes on real patients. This is especially important for healthcare providers in low and middle income countries, who may not have access to the same resources and training as those in more developed countries.

The Benefits of Self-Growth

Self-growth is an essential part of success. It gives you the skills, knowledge, and confidence to take on new challenges and opportunities. Danny believes that self-growth is the key to unlocking potential and achieving success. He says that it’s important to focus on the areas where you have gaps in knowledge and experience. This will help you become a better leader, strategist, and problem solver.

The Challenges of Self-Growth

Self-growth can be difficult, especially when it comes to empowering a team to think and feel the same way as you. Danny believes that it’s important to express yourself in a way that shares your passion with others and brings people along who share that passion. He also believes that it’s important to focus on the culture of the organization and not let it get diluted too quickly in a rapidly growing situation.

The Benefits of Bootstrapping

Danny’s company, Precision Future, has been self-funded from the beginning. He believes that this has been the right journey for them and that it allows them to maintain their focus on the culture and the problem-solving power of their technology. He believes that when it comes to raising money, it’s important to align agendas and only raise money when there’s a path to acceleration.

The Key Mantras of Precision Future

Danny and his team at Precision Future live by the mantras of trust, respect, and accountability. They also believe in the importance of testing, iterating, and validating before scaling too big. Danny also believes in the power of “firing bullets before firing cannons” when it comes to R&D.

The Benefits of Data-Driven Wearables

Danny Goel explains that when he was a junior surgeon, he assumed that if he went to bed at midnight and woke up at 8:00 AM he was getting 8 hours of sleep. But he realized he was feeling sluggish during the day and knew something else must be going on. He then bought a data-driven wearable called Aura and was able to see how much REM sleep he was getting, how many hours he was truly sleeping, and what his resting heart rate was. This data empowered him to adjust his behavior and go to bed earlier.

The Future of Wearables

Danny Goel believes the future of wearables is about empowering people to use the data to change their behavior for the better. He believes wearables should give people the intrinsic motivation to change their behavior, not just tell them to do something. He also believes that if we can prevent things early on, it will help alleviate some of the problems associated with an aging population and expensive healthcare.

What is Danny Goel's Approach to Balancing Family and Work?

Danny has been able to balance his family life and business life by focusing on undistracted attention to tasks. He believes that knowledge sharing should be part of the messaging and that he should continue to learn from others. Balancing family and work can be difficult, but it is not impossible. Here are some tips to help you find the balance:

  1. Prioritize: Take the time to decide what is most important to you and prioritize your tasks accordingly.
  2. Set Boundaries: Set boundaries between your personal and professional lives and make sure to stick to them.
  3. Focus: Make sure to focus on one task at a time to ensure that you are giving it your full attention.
  4. Utilize Technology: Use technology to help you stay organized and on track.
  5. Take Breaks: Take breaks throughout the day to give your mind a chance to rest and recharge.

Conclusion

Digital transformation is revolutionizing the healthcare industry, with virtual reality, sensors, and other technologies enabling healthcare providers to deliver better care and more immersive experiences to their patients. This technology is allowing healthcare providers to practice and hone their skills in a safe environment, while also enabling them to deliver quality care to patients around the world. It is clear that digital transformation is revolutionizing healthcare and will continue to do so in the years to come.

Self-growth is an essential part of success. It gives you the skills, knowledge, and confidence to take on new challenges and opportunities. Danny Goel believes that investing in self-growth is the key to unlocking potential and achieving success. He also believes in the importance of bootstrapping, aligning agendas, and testing before scaling. By following these mantras, Danny and his team at Precision Future have been able to build a successful business and make a positive impact on the world.

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