- The US spends over $ 3 trillion annually in healthcare costs — but providers can’t keep up with growing demand.
- Health organizations are increasingly turning to tech companies to transform delivery of care and lower health expenditures.
- Seeing an opportunity to tap into the lucrative healthcare market, four of the largest US tech companies — Alphabet, Amazon, Apple, and Microsoft — are accelerating their health-focused efforts.
Healthcare disruption is no longer looming — it’s here, and it’s necessary. As the population continues aging, health organizations and providers are struggling to keep up with growing demand for care, while consumers are facing astronomical costs — often for subpar service.
According to the Centers for Medicare and Medicaid Services (CMS), healthcare spending in the US has already surpassed $ 3 trillion annually — a figure expected to grow another 5% this year.See the rest of the story at Business Insider
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