Since December of 2019, when the Chinese government reported the first cases of a novel coronavirus in the Hubei Province of China, COVID-19 has escalated into a global pandemic. While most people who contract this virus do not experience severe symptoms, and more than half of the infected population has already recovered, the virus still represents a serious public health concern. Moreover, as the world determines how best to prevent, contain, and manage the pandemic, there are separate political and socioeconomic consequences that must be considered.
Given our active interest in the intersections of health and socioeconomics, we’d like to examine the financial impact of the coronavirus on patients in the United States. We’ll walk through the latest updates, including those from President Trump’s March 12th address to the nation, and discuss the hurdles that US citizens may encounter as they work to prevent, test for, and treat COVID-19.
Ultimately, we argue that this unfortunate pandemic illuminates the importance of transparent pre-care patient engagement. When patients are aware of their treatment options they can avoid surprise medical billing for lifesaving care.
Take it from the politicians: healthcare is an economic issue. In fact, it’s one of the most important ones.
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.