A lot has changed in the U.S. healthcare sector over the last 100 years. The industry has changed from being largely a non-profit to $3 trillion sector, translating to about $9,237 per person. The irony of it is that even with all that money being pumped into the industry, the outcome is not as good as anyone could expect. Even though it is hard to point at a single contributor of this unfortunate statistic, it is good to note that a majority of healthcare entrepreneurs in the US today are not trained as health practitioners. These entrepreneurs lack the basic understanding of the real problems and most often than not, get it wrong in their choice of venture.
The future of healthcare, especially technologically speaking, is brighter than the situation as of now. Aneesh Chopra, the first Chief Technology Officer of the United States, has spearheaded transition of the sector into a tech-driven industry through several high-level initiatives. Some of the most innovative projects initiated so far include Open Data Conference, Startup America, and Open Innovator’s Toolkit. In coming days, innovators, practitioners, and patients will be able to access health data more conveniently. This will open up the industry and give space for the brightest minds to innovate and revolutionize the industry. At the end of it, jobs will be created, talents nurtured, and most importantly, more lives saved.
Advanced Care Planning
There is no doubt that Advance Care Planning is positively changing the face of healthcare across the globe. However, there is need to rethink about it and make a few adjustments for the better. Statistics have shown that about 25 percent to 30 percent of all Medicare expenses in the United States are spent on a patient’s last six months alive. It is important that stakeholders discuss this and make changes because this expenditure is to some extent unnecessary.
Madden is an IT expert and entrepreneur who plies his trade within the healthcare sector. He joined Nordic Consulting Partners six years ago, and he served as president from 2011 to 2016. A B.S.E. in Industrial Engineering from the University of Iowa College of Engineering, Drew Madden commands authority in the healthcare technology sector. He currently serves as a managing partner Evergreen Healthcare Partners.