Per-person health care spending in the U.S. is expected to reachBut the higher per-person spending doesn’t necessarily equate to higher-quality health care. When compared to 10 developed countries, the U.S. ranksgreater than the next country. But the U.S. is in last place for efficiency, equity, and healthy lives.
Insurance costs are skyrocketing, yet hospitals and healthcare facilities are struggling for life and many primary care physicians are closing their doors. So where are all of these expenditures going? Most of the profit in the current system,U.S. prescription drug spending per person has ballooned from $90 in 1960 to $1,025 in 2017.
Not only would we be running more productive businesses and leading happier lives, we’d be more profitable, too. For entrepreneurs, the news is even better when you consider the wellness industry itself.. Wellness is now a $4.2 trillion market that is growing nearly twice as fast as the global economy . In all, the Consider the many possibilities for productive and profitable business in this.
This week an emerging voice in the IoT aspects of preventative health care announced a technology company called has been working since 1999 on the development of an AI toilet that monitors key health and wellness indicators during every bathroom stop. The product is currently in late beta, but within 2-3 years should be available for healthcare and acute treatment facilities. Utlimately, the company hopes to make the technology available for homes and consumers as well.