Fierce Health Technology July 10, 2019
Health care now makes up nearly one-fifth of the U.S. gross domestic product, and this number is only expected to rise, along with the aging U.S. population and prevalence of chronic disease. Last year alone, employers spent close to $700 billion on employee health care coverage. (More large employers are cutting commercial insurers out of the equation, working directly with providers to self-insure their employees’ health care.)
As a result of these ballooning costs, the shift toward value-based care and rapid technological innovation, the health care sector is receiving closer scrutiny than ever before from policymakers, payers and the public. These factors place ever-mounting pressure on today’s health care executive to reduce the cost of providing care while improving patient...