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Trends that Matter for Healthcare Economics

Posted by Matt Breese on Jun 2, 2016

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A collection of engaging infographics from healthcare influencers to capture trends in general healthcare and pharmaceutical economics:

The pharma economic footprint is expected to be an astounding $1.3 trillion by 2018. Additionally, the global pharma industry pays around $100 million in salaries each year. Via IFPMA

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While U.S. healthcare spend is considerably higher than other high-income countries, Americans go to the doctor's office about 35% less than the global median, according to The Commonwealth Fund. A deeper look reveals why less physician visits leads to higher costs.

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The annual cost for chronic disease sits around $1 trillion, with around one-fifth of that preventable by more effective treatment plans that limit the amount of chronic disease-driven admissions. From Chilmark Research

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Telemedicine could eliminate a huge percentage of healthcare costs, with "televisits" costing around 2% of an average hospital visit. Via Kays Harbor Technologies

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As the healthcare industry evolves with the use of technology, organizations face great challenges when it comes to cyber security. The industry risks an estimated $305 million in patient revenue due to cyberattacks over the next 5 years, according to data from Accenture via LightCyber.

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Follow us on Twitter @MMITnetwork to stay current with new updates on trends affecting the pharma, payer and the provider network.

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Topics: Industry Trends, Data & Analytics, Provider