This is exactly why I feel we need more such start-ups in this space - Naive but Bold that have a "Stay hungry Stay foolish" mentality.
Having said that, I pretty much agree with all what you said. The core problem is that few years working in health IT, most people (myself included) start thinking this way. And thats why I feel we need such bold visions, which may sound stupid or "impossible" at this point but can potentially change the status quo. Its very hard to predict when, how and who will bring the change but I know it ll happen, sooner or later.
PS: I disagree about the UMLS part - I don't think any company in their right mind would use Metathesaurus as their base vocabulary, may be synonyms, mappings etc but not as a coding vocabulary.