Treatment non adherence, medication interactions and obesity result in 500 Billion dollars of waste annually.
3.4 Trillion dollars were spent on health care in the US in 2018 with annual projected increases of 5-6% reaching 6 Trillion dollars by 2027.
Twenty percent of the population accounts for eighty percent of healthcare costs. These statistics demonstrate that without significant change healthcare is not sustainable.
Medical care must change its focus from reactive to preventative and screen for chronic diseases so they are detected and treatment begun early to minimize long term costly complications. The individual must become engaged and self-manage their health and their provider needs to be engaged through connectivity and actionable information.
MedLife supports these measures and provides standard and customized analytics that lead to better outcomes while controlling costs which is the essence of value in medicine.