GUEST POST from Arlen Meyers
Investment in fintech (financial technology) continues to boom — breaking records in 2017 with an 18 percent rise in venture capital investment across the globe, and 30 percent in the U.S., according to Accenture’s latest report. Here are 5 fintech trends.
If this pace holds steady, the sector is on track to raise $8.4 billion in 2019 and could top 2018’s record-breaking annual funding total of $8.2 billion, according to Rock Health’s midyear report.
Just in the first six months of 2019, the digital health sector is close to surpassing the $4.6 billion in funding raised in 2016.
The two are colliding-finsicktech
- Here’s a conference on fintech opportunities in healthcare
- Here’s a combined fintech/sicktech accelerator
3. Here are 5 fintech trends that will benefit digital health products
4. Here is a time stamping and synchronization technology for use use in finsicktech
5. Here are some lessons sicktech can learn from fintech
6. There are 3 key barriers to the fintech industry around the world
7. These are places where you can learn about fintech
9. Watch these fintech companies
10. 5G will impact fintech. 5G will impact sicktech
As finsicktech evolves, the goal should be to improve the patient revenue cycle management experience, reduce errors, make information portable and interoperable, inprove security and reduce admininstrative costs. A study published in The New England Journal of Medicine examined data from 1999 to project administrative costs of health insurers, employers’ health benefit programs, hospitals, practitioners’ offices, nursing homes and home care agencies. The study found administration accounted for 31 percent of healthcare spending in the U.S., compared with 16.7 percent of healthcare spending in Canada. According to the Times, the same estimates today would mean administrative costs in the U.S. account for $5,700 of the about $19,000 on average that this nation’s workers and their employers spend on family coverage annually.
Sickcare cannot be fixed from inside.
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