The many healthcare reform proposals speak to the dissatisfaction of stakeholders with prevailing America’s healthcare arrangement. Reforms have been directed at pertinent healthcare issues such as access, cost, efficiency, quality, etc. Many of the proposals, however, remain unimplemented.
The cost of healthcare in America has set tongues wagging, with stakeholders comparing the cost of healthcare in America to the price of the same in other countries. Japan, a first-world nation, has an average life expectancy of 83 years, five years more than the average life expectancy in America (as per WHO’s 2015 data). What is captivating, however, is the difference in healthcare per capita between the two economic giants. While the U.S spends $9, 237 in healthcare per capita, Japan spends roughly half the amount. The U.S is definitely not short on resources, probably other issues.
Some healthcare pundits have attributed the challenges of the healthcare field to political, regulatory, and economic constraints. The mentioned factors have formed formidable barriers to the entry of innovators, entrepreneurs, and other such people who are capable of sorting out the mess in the healthcare industry. Technological innovations, for instance, in the form of electronic medical records (EMRs) and electronic health records (EHRs) are proving to be game-changers in the handling of patient data. Such innovations are products of healthcare IT entrepreneurs whose entry into the healthcare field is frustrated.
In the interest of inviting innovations in healthcare, the U.S government is taking a new approach. For instance, the government through its first CTO, Aneesh Chopra, launched programs such as Startup America, Open Data Conference, Open Innovators Toolkit, etc. The projects were intended to arouse the interest of smart entrepreneurs in the $3 trillion American healthcare industry.
Amid the challenges characteristic of the American healthcare industry, Drew Madden, a healthcare IT entrepreneur, has been part of the industry for close to a decade. He is a respected professional well-versed in all matters electronic medical records. Drew Madden has worked with some healthcare companies including Nordic Consulting Partners, where he was the president between 2011 and 2016. He is presently a managing partner at Evergreen Healthcare Partners, a Madison-based healthcare consulting firm.