Americans spent $3.65 trillion on healthcare in 2018, federal actuaries estimate. That’s an increase of 4.4% over 2017, and it is projected to rise 5.5% per year for the next 10 years until 2027. The United States is not the only country facing this challenge.
Global spending on healthcare is expected to top $18 trillion by 2040.
To address this challenge, healthcare payers and providers are focused on four strategic imperatives. Big data technology is proving crucial in how they’re addressing each one. However, it’s important for these stakeholders to understand what works well and what doesn’t. Here’s a...