Title: The digitalisation of the medical value network - how information asymmetries can be managed with digital innovations

Authors: T. Peltoniemi

Addresses: Turku School of Economics, Information Systems Science, University of Turku, 20014 Turun yliopisto, Finland

Abstract: Digitalisation equalises information asymmetries, which increases economic efficiency and transforms many lines of business. It can be argued that digitalisation can do the same in the medical and healthcare market. This article conceptualises the medical and healthcare market and its digitalisation utilising the concepts of information asymmetry and value network. Inefficiencies within the network relating to incomplete information and information asymmetry are identified. Some digital solutions to these issues are suggested, including the electronic prescription and the automatic medicine dispenser.

Keywords: digitalisation; medicine; ePrescription; electronic health record; EHR; automatic medicine dispenser; medicine demand management; information asymmetry; value network.

DOI: 10.1504/IJTMCP.2017.091939

International Journal of Telemedicine and Clinical Practices, 2017 Vol.2 No.4, pp.298 - 317

Received: 03 Jun 2017
Accepted: 06 Dec 2017
Published online: 21 May 2018 *

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