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ChaseAdam17's profile
Chase Adam
Chase Adam
Chase Adam
@ChaseAdam17

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Chase Adam

@ChaseAdam17

Sometimes I leave my phone on during takeoff. Cofounder, Watsi and Meso.

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meso.health
Joined October 2011

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    Chase Adam‏ @ChaseAdam17 27 Dec 2017

    In US, average MRI costs $1k. In Japan, it’s set at $105 by the government and providers compete on margin. This led providers to go to Toshiba and demand an inexpensive MRI scanner. MRI scanners in Japan now cost $150k, 10% of the cost in the US. Regulation drove innovation.

    4:44 PM - 27 Dec 2017
    • 8,542 Retweets
    • 20,731 Likes
    • Laura Powell Stijn Michielse Roger Helkey FooBar Garrett Wilkinson chris Sebastian S J. Vincent Nix, PhD Thomas Osmonson
    185 replies 8,542 retweets 20,731 likes
      1. New conversation
      2. Vaibhav Mallya‏ @mallyvai 27 Dec 2017
        Replying to @ChaseAdam17

        Why can't American hospitals just buy those cheaper MRI scanners...?

        14 replies 1 retweet 83 likes
      3. Eric/‏ @wheatpond 27 Dec 2017
        Replying to @mallyvai @ChaseAdam17

        Same q

        2 replies 0 retweets 7 likes
      4. Kumar‏ @datarade 27 Dec 2017
        Replying to @wheatpond @mallyvai @ChaseAdam17

        To understand what is wrong with the medical device industry in the USA, please read:https://washingtonmonthly.com/magazine/julyaugust-2010/dirty-medicine-2/ …

        11 replies 152 retweets 392 likes
      5. Kevin Norman‏ @normankev141 27 Dec 2017
        Replying to @datarade @wheatpond and

        What a good read, thank you.

        0 replies 0 retweets 17 likes
      6. End of conversation
      1. New conversation
      2. Dave Craige ⚡️‏ @davecraige 27 Dec 2017
        Replying to @ChaseAdam17

        @tiffani hurt my knee while working in India. My MRI bill was $95

        3 replies 3 retweets 40 likes
      3. Scott Pruett‏ @scottpruett 27 Dec 2017
        Replying to @davecraige @ChaseAdam17 @tiffani

        Geez. I was billed $3k/ea for multiple MRIs here in Virginia. And people wonder why healthcare in America is broken.

        5 replies 1 retweet 55 likes
      4. Kate “Little Haunting is out now” Johnson‏ @K8JohnsonAuthor 27 Dec 2017
        Replying to @scottpruett @davecraige and

        I had mine for free in England. Had to pay like three quid for the parking though, if that helps.

        3 replies 2 retweets 159 likes
      5. Scott Pruett‏ @scottpruett 27 Dec 2017
        Replying to @K8JohnsonAuthor @davecraige and

        haha... parking is another issue :)

        4 replies 0 retweets 6 likes
      6. 1 more reply
      1. New conversation
      2. AV Shop Talk‏ @AVShopTalk 27 Dec 2017
        Replying to @ChaseAdam17 @gigastacey

        Careful not to confuse inexpensive with innovative. Could we just regulate that medical procdure costs must be made public so patients can easily shop around like every other industry on earth.

        6 replies 0 retweets 17 likes
      3. Shoy‏ @Renegal 27 Dec 2017
        Replying to @AVShopTalk @ChaseAdam17 @gigastacey

        I think the innovation point they’re making is the low cost required them to innovate how to make MRI machines not require prohibitively expensive parts. (Not a correction, an interpretation.)

        2 replies 0 retweets 18 likes
      4. AV Shop Talk‏ @AVShopTalk 27 Dec 2017
        Replying to @Renegal @ChaseAdam17 @gigastacey

        I guess Kia innovated the auto industry then. When it comes to getting an MRI for my brain it would be nice to have a more expensive option availavle if it provided slightly better imaging. I guess I dont believe the $100 scan technology is equal to the $1000.

        2 replies 0 retweets 2 likes
      5. Stacey Higginbotham‏Verified account @gigastacey 27 Dec 2017
        Replying to @AVShopTalk @Renegal @ChaseAdam17

        Price can indicate quality but if you think it's always a good indicator I have some Monster cables to sell you 😊

        2 replies 4 retweets 132 likes
      6. AV Shop Talk‏ @AVShopTalk 27 Dec 2017
        Replying to @gigastacey @Renegal @ChaseAdam17

        Good one! You speak my language! If an expert medical physicist tells me the $100 MRI quality is equal to or better than the $1000 scan I'm with you. If the government tells me that I'm not so sure.

        7 replies 0 retweets 14 likes
      7. Chris Rees‏ @cmjrees 28 Dec 2017
        Replying to @AVShopTalk @gigastacey and

        This is the trap Americans make for themselves. End of the day, you want to see what's wrong, not win a photography competition!

        2 replies 0 retweets 31 likes
      8. LBLouis‏ @lblwcri 28 Dec 2017
        Replying to @cmjrees @AVShopTalk and

        Americans think competition means better quality. Always. It's something very weird in the psyche.

        1 reply 0 retweets 16 likes
      9. 1 more reply
      1. New conversation
      2. Froward Jason Truesdell‏ @JasnTru 27 Dec 2017
        Replying to @ChaseAdam17

        I'm in Japan and I had 3 or 4 CT scans inside of 2 weeks and spent 2 weeks hospitalized after an ER visit and left the hospital with just a ~$600 bill. (Worth noting that wages are quite low here, even for doctors, a large factor in healthcare costs here).

        4 replies 19 retweets 138 likes
      3. April Spectrum 🔋‏ @AprilSpectrum 27 Dec 2017
        Replying to @JasnTru @ChaseAdam17 @bruteforceblog

        What do you consider quite low?

        1 reply 1 retweet 3 likes
      4. Froward Jason Truesdell‏ @JasnTru 27 Dec 2017
        Replying to @AprilSpectrum @ChaseAdam17

        Most doctors in Japan earn less than most software developers in Seattle. About $100,000/year on average. You won't find $300k/year salaries here. (Average in US is $150-200k IIRC, but with a bigger gap btw rural/urban physicians).

        6 replies 13 retweets 41 likes
      5. April Spectrum 🔋‏ @AprilSpectrum 27 Dec 2017
        Replying to @JasnTru @ChaseAdam17 @bruteforceblog

        Oh ok I thought you meant most people earned low wages. $100,000 is doctor-low for sure but still buy-a-house-outright level so yeah

        5 replies 2 retweets 43 likes
      6. PoliteIceCream  🍧‏ @PoliteIceCream 27 Dec 2017
        Replying to @AprilSpectrum @JasnTru and

        Got to remember that American MDs typically self-pay for med school and residency can be a debt incurring period. PCPs often earn $150k but they're working paying gig at 30, with debt in excess of 3x annual salary with no home.

        6 replies 6 retweets 86 likes
      7. PoliteIceCream  🍧‏ @PoliteIceCream 27 Dec 2017
        Replying to @PoliteIceCream @AprilSpectrum and

        In Taiwan, single payer has been more or less successful at maintaining and improving quality of life while stemming cost ride from 1990s. But physicians start training at 18 - public uni basically affordable.

        1 reply 6 retweets 74 likes
      8. Arthur Chu‏Verified account @arthur_affect 28 Dec 2017
        Replying to @PoliteIceCream @AprilSpectrum and

        When people talk about reform “driving down pay for doctors” you have to remember high doctor pay here is the result of a tremendous amount of gatekeeping

        2 replies 7 retweets 57 likes
      9. Arthur Chu‏Verified account @arthur_affect 28 Dec 2017
        Replying to @arthur_affect @PoliteIceCream and

        It’s hard to see how doctors making more normal pay by making doctoring a more normal job doesn’t help everyone

        4 replies 5 retweets 48 likes
      10. 15 more replies

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