Nothing is more inefficient than how we manage and parcel out payment in American healthcare. Healthcare administration costs $150 billion nationwide, and in hospitals, comprises 25% of total costs, compared to 12% in Canada. Authorizing procedures is another delay. But networked tech is targeting bureaucracy and efficiency at the same time it’s stitching together new methods of care. How do we reduce the cost, increase efficiencies and improve healthcare?
Business + Innovation
Transforming the Health-Industry Ecosystem
Nothing is more inefficient than how we manage and parcel out payment in American healthcare. Healthcare administration costs $150 billion nationwide, and in hospitals, comprises 25% of total costs, compared to 12% in Canada. Authorizing procedures is another delay. But networked tech is targeting bureaucracy and efficiency at the same time it’s stitching together new methods of care. How do we reduce the cost, increase efficiencies and improve healthcare?
