Reimbursement
Precision medicine is a disruptive technology that is moving from revolution to evolution into mainstream adoption.
Prices for the drugs, which range from diabetes medications to antivirals to immunosuppressants, are 3.2 to 4.1 times higher in the U.S.
Two primary concerns of a single-payer system are the methods it would use to pay providers and set their payment rates, both of which would affect hospital and physician revenues.
Overall, 56 percent of adults reported at least one domain of medical financial hardship, representing 137.1 million adults in the US.
The same service can command dramatically different prices depending on where in the country it's being performed.
Hackensack Meridian Health no longer writes off long-term payments as bad debt, now that the patient has become a primary payer.
The promise of personalizing care is enormous but it will also require hefty investments to turn it into a reality.
The stratified payment method showed the biggest impact among hospitals tending to the socioeconomically disadvantaged.
Providers have an opportunity to create brand loyalty by addressing negative online reviews, which can nearly double patient satisfaction.
Previous risk models hadn't considered functional impairments, as they aren't generally available in registries and trials.