Just as Amazon leverages machine learning to develop valuable insights into consumer purchasing behavior in real time, healthcare organizations can strengthen their ability to reduce costs of care and eliminate waste and abuse with this type of intelligence.
If "healthcare" spending is scrutinized, we will find that medically-related spending is actually 60 percent of overall expenses which means the remaining 40 percent is for NO care at all. Most of this is third-party payment.
Executives from Imagine360, Verily, BrightInsight, Lantern, and Rhapsody shared their approaches to reducing healthcare costs and facilitating digital transformation.
A new study evaluating waste in the U.S. healthcare system identified six areas of wasteful spending and how cost curtailment efforts are ongoing there.