The state of healthcare in the U.S today has undergone tremendous improvement from the last century, with the government spending heavily on health, far much more than most first world countries around the world. The expenditure is however not qualitative, as the industry still leaves a lot to be desired. The expenses are growing unsustainable, and there is no clear solution to this problem.
Many investors are going into this industry without experience in healthcare, which is a limiting factor to the kind of services they provide to the market, as they are unable to identify the real problems that need attention in the industry. Most of the entrepreneurs entered the industry out of frustration and were in need of health solutions for their loved ones. Take John Crowley for instance, who started a therapeutic company to save the lives of his two children, something he succeeded. Waiting for people to go into health care out of personal need is not sustainable, and it is causing stagnation in the growth of the industry. When the problem has not been identified, no one looks for the solution.
Healthcare is not a very attractive to investors, because of negligence, and fear of the many restrictions, regulations, and politics deeply rooted in it. While policies aimed at making the model market based, consumers have not been able to choose for a long time. There is hope, however, with recent improvements, initiated by Aneesh Chopra, appointed by former president Barrack Obama. He has launched various initiatives, including Argonaut Project, Open Innovators Toolkit, and healthdata.gov, Start -up America, Open Data Conference, the blue button program and many more.
Drew Madden is one of the key figures who have made a difference in Healthcare IT industry. Over the years, his passion for Electronic Medical Records (EMR) has driven him to make a series of accomplishments in the health sector. Drew Madden is a healthcare IT businessman who has previously led the largest Epic consulting company globally: Nordic Consulting Partners.
There are many opportunities to better the world in healthcare, and there is need to encourage people to invest and work on finding healthcare solutions for the world today. The industry has a big market of over 3 trillion, whose culture is open to innovation, and new ideas. This coupled with loosened regulations that allow new players to enter the market; healthcare is a promising industry today and investors should take advantage. See This Article for additional information
Related Article: https://www.nordicwi.com/about-nordic/our-team/