The Cost of Flu to the Economy


Many people do not consider flu to be a very serious viral infection. This misunderstands the illness because it is often controlled by home-made remedies and over the counter drugs.

These are the main reasons why large numbers of people do not take the vaccination against the flu. However, flu can be a very illness leading to many days in bed and even loss of life. In business terms it can cost billions. The countries that experience wet, cold winters are the most affected by the occurrence and spread of flu among their populations. 

Flu and the economy

Absenteeism is causes major losses to industry and commerce each year. Even though flu is easy to treat and lasts for a relatively short period, extreme flu cases can be serious and could even be deadly.

Many people are susceptible to catching a flu especially through interaction with infected people. One of the reasons id that not everyone is prepared to have the flu vaccination each year.

There is a school of thought that believes the flu vaccination offers less than a 50% protection because the nature of the virus changes year on year. Exposure to people with the infection is the only way to catch flu – it is a common misconception that flu can be caused by exposure to cold.

The virus is often confused for a cold because the two share most of the symptoms. The virus is however more dangerous because it is debilitating and can lead to other infections and even pneumonia. These further infections lead to increased time off work while recovery takes place.

Effects of absenteeism

Losing employees through illness can have an adverse effect your business or your employers business.

• Absenteeism can negatively affect the overall performance of the business and loss of business opportunities. When employees are absent through illness their colleagues are required to put in extra effort and longer hours. Potentially this leads to loss of efficiency, effectiveness and even loss of customers.

• Absenteeism due to flu may require businesses to pay extra for the increased number of hours the other workers are putting in. The employer may also be required to pay temporary staff as replacements as a result of absences

Conclusion

The flu virus leads to billions of losses to the world economy every year. This is due to absenteeism of workforce and the related effects of absenteeism. It is important that people, especially those that experience cold and wet winter seasons, to take the vaccinations against the virus in order to reduce the losses made annually.

Reducing absenteeism at your place of work or in your business will improve the health of your business. 

Mayfair, we care.


References; https://www.forbes.com

Artificial Intelligence in the Healthcare Industry


 

Google was one of the first mainstream companies to utilise Artificial Intelligence in their search functionality, and with their new Google Deepmind Healthproject in the third stage of testing, they are the most well-known of the companies to promise a revolution in the healthcare industry.

Hundreds of start-ups and established firms are working with clinicians to improve care levels, decrease costs, and help researchers develop new drugs. The sky is the limit, but the industry is understandably taking painstaking care where human life is involved.

Artificial intelligence in 2018 isn't like neural networks that mimic the human brain, envisioned by science fiction writers and movie producers for the last several decades. Instead, the incredible expansion of storage space and processor speeds can give doctors and caregivers a more coherent picture to make medical decisions.

It is also allowing imaging specialists and drug researchers to do what was literally impossible without AI applications. Artificial intelligence is already part of our life without us knowing it, and here are the primary areas where we believe it will make an impact on our health in the very near future:

Medical Records


Doctors need maximum information possible to make the best decision possible. Even in the few circumstances when they have ALL medical records for a patient, doctors are busier than ever, and seldom have the time to read what sometimes runs hundreds of pages of dense medical information. Artificial intelligence is already helping to bring all that data together and offer the best "snapshot" for doctors.

There are dozens of studies concerning avoidable deaths resulting from medical errors. Take America as an example where 1 of every 100,000 people who checked into a hospital died because of an avoidable medical error. While that number may seem small, medical errors are still recorded among top three causes of death in America. This is true in other parts of the world such as UK where the medical negligence compensation culture is costing the NHS millions of pounds a year.

AI promises to bring all medical histories together and help humans avoid the kind of mistakes that we all fear when we must visit a hospital. 

Diagnosis


By all accounts, diagnosing medical maladies is an art. An upset stomach and low-grade fever could mean flu, but it could also mean something much more serious. Family practitioners, for example, usually see a patient every year or two, and have personal experience with them. Chronic complaints can be investigated or written off based on their experience.

Artificial intelligence can make those doctors way more effective.

Doctors rely on patients to tell them how they feel, and add that to the test results, in order to make a diagnosis. AI can give a doctor a view of what is truly likely, and perhaps an area to explore that they hadn't considered.

Doctors may see 10-30 patients a day, AI can bring together the experience gathered from millions of such visits and offer the medics the most likely causes, and more importantly, potential illnesses that they hadn't considered. With about 12 million Americans misdiagnosed each year, AI can only help.

Triage


Triage was developed for war when combat medics and surgeons had to make hard decisions about who to treat first. AI promises to help with those decisions in two ways.

First, the FDA has begun to approve AI applications that illuminate medical scans better than even the most talented human tech. They are providing predictive diagnosis of stroke, heart attacks and other major medical events. Reading MRI, retinal imaging, and ultrasounds is an art that the best medical personnel can read like tea leaves. A machine that learns the lessons of thousands or millions of scans and potentially identify things that many humans can miss.

Second, A & E Departments around the world can be extremely busy and hectic. AI can get the medical records together while in transport, prepare doctors for a single event, and even help them determine the best order to take patients in large accidents or at peak times. 

AI is here, it's being used in the medical field, and as it continues to develop, the benefits will be felt by all of us.

Mayfair, we care.


https://www.npr.org/sections/health-shots/2016/05/03/476636183/death-certificates-undercount-toll-of-medical-errors
https://www.medscape.com/viewarticle/863788

Is your glass half full or half empty?



Geraldine, a fictional character of Flip Wilson, humorously quipped, “You get what you see”. Shakespeare voiced a more literary opinion when he said, “The perception of good or bad does not exist; only thinking makes it to be so”. It is Buddha who said it as it should be, “The life one leads, is a creation of oneself mind”.

Can you think of a better way to describe life that how Buddha, fictional Geraldine and Shakespeare did. Your life is like your own creation; it turns out just like you mould it.

So what does that mean to us?

The glass half empty mindset,

For those who do not view life through objective lenses, they are subjective beings. If you filter what you see in life then you are a biased individual. That is personality and everyone carries his or her own.

Pessimists will see differently to their optimistic colleagues. In the same vein, introverts see things in differently to extroverts. And life seems to reward us in equal measure of what we are or what we belief in. For instance, if you are anxious everything around you can seem fast paced and out of control; if you are inclined towards depression, your life will have a greyness about it.

Whatever perspective you have in life will characterise everything you do in your life. If you see your work as a chore, it will be so as long as you think this way. Your perception will also affect those around you and if they are not independent thinkers, you run the risk of being surrounded by negativity.

The glass half full mindset.

A massive body of research agrees that there is a lot of power in seeing the glass half full. Bright, optimistic people are not only generally happier but also healthier and wealthier according to research. All three – happiness, health and wealth - are what make a complete life.

In a study by a reputable psychologist, Susan Segerstorm, law students who held onto their optimism ten years after graduation took home an annual salary of $32,667 more than their colleagues who had lost their hope.

Keeping a positive mindset will drive you towards actions that will deliver positive results. It does not matter if you hit a bad patch; keeping optimism with you will deliver good results.

In fact, thinking of bad stuff will actually drive you into poor results. Instead of doing things that will minimize your failure, you will instead do nothing or do stupid things that will amplify your failures.

Happy and optimistic people will attract friends who are similar in character and their positivity will be infectious so a virtuous circle of friends, colleagues and contacts will be created. The opposite is true for natural pessimists. 

How to change into a glass half full person

So, how do you stay optimistic in the face of failures and distractions?

Create opportunities out of your problems – instead of seeing a work issue as a chore, see it as a challenge with which you can impress your colleagues.

Going networking? Don’t dread walking into a room full of strangers, see it as an opportunity to meet new people, walk tall, smile and ask questions. And remember, most of the people you are meeting are probably nervous as well as you.

Package yourself as an optimist and life will smile back to you = like poles attract.

Set out to do something out of your comfort zone and find your confidence and self esteem grow as a result.

In summary.

The life of someone with a positive mindset is likely to be more fulfilling than that of someone who is constantly negative about everything. That said, even the most positive people have setbacks and personal issues but they seem to be able to bounce back from adversity whereas the negative person accepts it as par for the course of their life. Try to avoid the negative route – it’s easier than you think!

 

Mayfair, we care.