Congressional spending plan: What’s in it for healthcare, and what isn’t
Chief Healthcare Executive December 21, 2024
Unlocking Interoperability with a Blockchain-Powered Network
HIT Consultant June 15, 2022
Achieving fluid data interoperability has been a complex and challenging goal for the U.S. healthcare system. The result of which has led to excessive administrative costs, delays in providing care, and significant patient frustration.
According to the Centers for Medicare and Medicaid Services, U.S. healthcare spending grew 9.7% in 2020, reaching $4.1 trillion, or $12,530 per person. This is forecasted to grow to $6.2 trillion by 2028, which will only exacerbate the current spending trajectory, leading to an overburdened healthcare system and less satisfied patients. However, addressing data-flow inefficiencies across the industry could help in a variety of ways – most importantly, by saving tens of billions of dollars annually (McKinsey).
It’s time for healthcare to catch up to...
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