We say, a new year comes with new hope. But we have not meant it like this year ever. The pandemic has accelerated the adoption of virtual health and digital healthcare by at least three years. The healthcare industry has fast-forwarded in several areas including telehealth, artificial intelligence, and remote monitoring to offer patients peace […]
Tag: healthcare industry
5 Possible Reasons for Soaring Healthcare Cost in the U.S.
The United States has one of the highest healthcare costs in the world. With time it shows no signs of slowing down, and it seems that the trend will continue in the upcoming years. A recent report from the Health Affairs showed that the health expenditures of the country are likely to increase at an […]
The Difference Between For-Profit Hospitals and Non-Profit Hospitals
The healthcare industry has witnessed a notable increase in the number of for-profit hospitals in the recent times. Additionally, more and more non-profit hospitals are making inquiries on how they can become an investor-owned financial model. Currently, the non-profit to for-profit ration in the U.S. is 3:1. However, the trend seems to be changing. Therefore, […]
Telemedicine: The Positive & Negative Impacts
The COVID-19 pandemic has made virtual care a normal thing in the healthcare industry. In 2019, around half of the outpatient hospitals offered telehealth services, whereas only one-third of the inpatient hospitals offered virtual care. However, the numbers have exploded in 2020. More than 41 million telehealth claims were filed between April and July 2020, […]