Posted By Kristin Flandreau
Americas Business Group Lead
The U.S. spends about $2.8 trillion annually on health expenses. That’s about $8,915 per person and amounts to 17.2 percent of gross domestic product. These numbers are astounding!
The West Health Institute, a medical research organization, has identified the lack of medical device interoperability — the ability of medical devices and healthcare systems to seamlessly communicate and exchange information — as one source of high healthcare costs. It reports an opportunity to save up to $30 billion per year, if the vision of a connected healthcare marketplace can be realized.
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