Silicon Valley has been around for several years now, which is to suggest that American health care is “broken”. Technology is not the shy type, if you will promise to “change,” “destroy,” and “revolution” of the existing system. But so far, they have had a profound effect, despite the fact that Americans will spend $ 3.8 billion, or about 18% of our gross domestic product on health care in 2019.
What are the barriers to technology companies to change is an important area that affects every person in the united states of America? Young start-ups to raise billions of dollars to develop the technology that allows the medical organization of more efficient and effective, and to reduce the friction between the patients. Even if these solutions are capable of solving real-world problems (and benefits), they are a major health and dysfunction: the fundamental incentives of the match.
They are three of the most important players in the health—care providers-health care providers, health insurers, and patients, and engaged the enemy’s goal. The seller is very good at maximizing the price of the service, and to introduce as many services as possible. The insurers earnings by spending the non-award of the health-care dollars that they earn to negotiate lower prices with suppliers to obtain insurance, and the earlier, the costs for members and employers. Of the patients, serve time, high-quality, contributing to the prevention of unnecessary services, and to avoid spending money out of your pocket.
In order to be one of those players, in order to achieve their goals within the framework of the existing incentives, the other must fail. Not surprisingly, a medical technology company, which is struggling to “fix” the system. Digital solutions to solve individual problems, one of these players, but they have an underlying dysfunction continues to occur, or even accelerate, as a result of the re-found efficiency. In spite of this, the existing reality, and I hope that in the future, health-care and technology companies that support the industry.
We hope that this is the result of a couple of the most unlikely of places: the federal government. Over the past two years, regulators have introduced three major new pieces of legislation, which is intended to better align the incentives between providers, a referral, and patients. In general, the transparency in hospital prices, and entered into force in January 2021, will require hospitals to publish the cost for the maintenance of a hundred “bought” (non-emergency) medical procedures.
The openness of the cover, which will come into effect in January 2022, transparency is required, the carrier’s pricing, and the employer offering the group health plan in the form of open data and tools for consumers as well. And the act is no “surprises”, and will enter into force in January next year, the ban of attention over the years, in agreement with the carriers, and, with unexpected bills for unexpected off-the-chain services to prevent the employers, and patients to know how much health care actually costs. They are one of the first steps towards a more reporting, and consumer orientation in health care, who is going to take off in the next couple of years.
The cumulative impact of these new data regulations. Health-care providers, and carriers can no longer hide the cost of the people who are paying for health care services. Transport companies and employers that offer health plans are going to be fined $ 100 per person per day for non-compliance. Even though the hospital is fine, is more modest, and in compliance with thus far have been inconsistent, and it is likely to change over time. Additional penalties have the money, the incentive to disclose the prices and to provide medical care to patients, and to select a location to receive medical care. The airline, or groups, health plans, which can reduce the cost, recycling, the benefits, the total cost savings for them and their plan members.
By means of these rules, both for merchants and shippers to take on more responsibility, to reduce cost, or to justify the more expensive the service by adding value in terms of improving the quality of care, clinical outcomes, patient amenities, and experience. This gives the health care closer to each other and abide by the traditional rules of the market, the price of the dynamics, and the high cost of a big step forward for us, as a consumer of health care, and for the industry as a whole.
So much so that the market correction is that the new requirements, the technology seems to be a great opportunity to connect the three key players in the health care sector and to support the rapid development of the industry. Our organization, based on our expertise in the field of information technology, as well as consumer-friendly design, and systems integration to resolve the essential problem, which is derived from what’s really broken in health, and the health care system. We can help service providers to develop a new, a new business model that puts the patient first, and cut the waste. We cooperate with transport companies and self-insured employers to provide an increase in the bargaining power of suppliers, and to prevent the cost.
We develop solutions in order to support patients ‘ information in order to be able to make better choices for their health and budget. No one can “fix” this night”. To change the status quo of a very large, slow-growing, the industry is going to be hard, until now, there has not been the case. However, if we channel our energy, resources, and creativity, in order to deal with the system’s underlying health problem, rather than the superficial signs of progress, we are going to achieve in the direction that we all want to see.