In 2009, President Obama passed the $19 billion HITECH Act to digitize patient data. The appeal from a research standpoint was clear: Researchers would have unprecedented ability to study what types of treatments worked for what types of patients. That vision would have allowed faster insights into COVID-19 treatments, the efficacy of new cancer therapies and how care varies by socioeconomic background. But 11 years in, this data has remained largely unusable. Most of the important data — including physician notes, lab results and scan images — sits unstructured and unstandardized in Electronic Health Records, where doctors store patient data. This dynamic creates high barriers to conducting research because the data must be painstakingly organized, labeled and validated before it can be used. But this is starting to change. In recent years, companies have found new ways to use the data generated from healthcare visits to improve research. This progress has been enabled by different types of companies. Some curate their own datasets, others enable additional uses of existing data and others create infrastructure to simplify data generation. …
As product managers, we constantly use data. We use it to align stakeholders with our roadmaps, track the efficacy of what we’ve built, and prioritize what we should build next. Yet it seems we could always be doing more — cutting a dataset in one more way or interviewing an additional customer. The stakes are high. As Eric Ries says in The Lean Startup, “The only way to win is to learn faster.”
Anthony Schrauth, former Chief Product and Innovation Officer at Betterment, and Xiaodi Zhang, 1stdibs’ Chief Product Officer, began our seventh session of the First Round Product Program with this quote — and both shared their tips on how to “learn faster.” …
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