The healthcare system in the United States is once again poised for upheaval. It has only been 11 years since Congress passed the Patient Protection and Affordable Care Act (PPACA), popularly labeled Obamacare, but new political and societal groups are eager to make healthcare a government-sponsored entitlement for everyone. A multitude of proposals that largely focus on expanding Medicare has shaken the fragile U.S. healthcare sector, and if Congress does pass one, it could tip the system into chaos.
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It is a tragedy when an important healthcare facility serving a needy community has to shut its doors and place the lives of those it serves at risk. Unfortunately, continuing financial losses are forcing the closure of Hahnemann University Hospital, one of the nation’s most historic medical facilities. Hahnemann Hospital, which primarily serves some of the poorest residents of Philadelphia, might have avoided this unhappy outcome if it had implemented a patient financial management program that optimized pre-care patient intervention to strengthen revenue.
As the influence and presence of millennials grows throughout society in the United States, so does the importance of the healthcare industry taking notice of their unique preferences.
The majority of millennials believe that the healthcare system is inherently flawed, and their consistent and agreed upon dissatisfaction with the healthcare industry has been a key concern for industry players looking to protect and ensure their long-term sustainability, as well as the future health of Americans.
The healthcare tech industry is riding on the wave of digital transformation courtesy the increase in the use of technology in the healthcare spectrum. The advantages that technology has provided to healthcare are manifold. Technology infiltration has revolutionized the way patients are getting treated but also transformed everything from the diagnosis of a disease to care delivery and even follow-ups. Therefore, it comes as no surprise that there are a number of new companies developing new products or services which would help healthcare services provide better and more efficient care to their patients. For this, these startups look to leverage the advancements in technology to proactively improve healthcare while also improving the people’s standard of living.
