Strategic Guidance for Smart Healthcare: AI Applications

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2Q 2018 | IN-5110


Streamlining Healthcare


Healthcare costs continue to increase and margins within the sector continue to shrink. In its latest updates, the U.S. National Health Expenditure Accounts (NHEA) estimates that spending on healthcare in the United States breached US$3.3 billion in 2016, up 4.3% from 2015. The Congressional Budget Office (CBO) estimates that healthcare spending by the U.S. government will reach 9.3% of the national gross domestic product (GDP) by 2047, up from 5.5% in 2017. This growth continues throughout the forecast period, despite the proportion of the population over the age of 65 leveling off at around 21% after 2030.

Hospitals, pharmaceutical companies, and healthcare providers, professionals, and stakeholders at every level of the ecosystem need to find ways to increase operational efficiencies and positive outcomes, and reduce costs or face becoming a drag on the economy. Perhaps more importantly to the stakeholders, policies like Medicare Access and CHIP Reauthorization Act of...

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