Why Are Hospitals Losing Millions?
Large healthcare organizations such as Partners HealthCare, based in New England, lost $108 million in 2017, Providence St. Joseph Health, the nation’s second largest Catholic health system, suffered $512 million drop in operating income in 2016 and the Cleveland Clinic saw a 71 percent decline in income that same year. So, why, with such high patient volume and demand, are hospitals still losing money?
Harnessing the Power of Patient-Driven Data in Healthcare
Imagine a model of healthcare that’s always available and driven by data, so you’re continuously collecting data from your body, about your environment, your nutrition, and activity and delivering back to you a personalized healthcare program throughout your entire life. Then, imagine having access to a global network of health experts. We’re not that far off from this.