How Regulatory Ambiguity is Impeding Healthcare Innovation
MedCity News June 11, 2024
America should be a global leader in healthcare. Instead, we rank last among our peers, and outmoded regulations are holding us back.
Every day, Americans benefit from consumer-friendly technology that has radically improved every aspect of their lives. But these benefits have lagged in healthcare due to its distinct complexities and challenges. In Zocdoc’s nearly 17 years, we have seen waves of digital health entrants come and go. In fact, 90 percent of health-tech startups have gone bust. In hushed conversations among struggling digital health leaders, a high hurdle comes up time and again: regulatory ambiguity.
The challenge for digital health innovators is that our nation’s healthcare regulations were signed into law in the mid-20th century. Legislators never...