Silicon Valley has been talking about how “broken” U.S. healthcare is for years. Tech companies haven’t been shy about promising to “transform,” “disrupt,” and “revolutionize” the current system. But so far, they haven’t made much of an impact, despite Americans spending $3.8 trillion, or nearly 18% of our GDP, on healthcare in 2019.
What prevents tech companies from changing this important industry that affects every single person in the U.S.? Most solutions aim to treat the symptoms instead of the underlying disease in American healthcare. Startups have raised billions of dollars to develop technologies that make healthcare organizations more efficient and reduce friction for patients. While these solutions might solve real problems (and generate revenue), they don’t address healthcare’s core dysfunction: a fundamental misalignment of incentives.
The three primary stakeholders in healthcare—medical providers, insurance carriers, and patients—have…
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Source : fastcompany.com
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