CIOAdvisor Apac

  • Home
  • Vendors
  • News
  • Conference
  • Whitepapers
  • Newsletter
  • Subscribe
  • About Us
  • Specials

  • Menu
      • Ad Management
      • Application Security Testing
      • Artificial Intelligence
      • BPO
      • Contact Center
      • Data Analytics
      • Deep Learning
      • Digital Marketing
      • Digital Transformation
      • Disaster Recovery Services
      • Disinfection and Sanitization
      • E-Invoicing
      • Ecommerce
      • Govt Tech
      • HubSpot
      • Human Resource
      • ICT
      • IoT
      • Laser and Photonics
      • Leadership Development
      • Logistics
      • Machine Learning
      • Marketing Technology
      • Mobile Application
      • Parking Management
      • Payment And Card
      • SDN
      • Telecom
  • Digital Transformation
  • Logistics
  • IoT
  • Payment And Card
  • Artificial Intelligence
Specials
  • Specials

  • Ad Management
  • Application Security Testing
  • Artificial Intelligence
  • BPO
  • Contact Center
  • Data Analytics
  • Deep Learning
  • Digital Marketing
  • Digital Transformation
  • Disaster Recovery Services
  • Disinfection and Sanitization
  • E-Invoicing
  • Ecommerce
  • Govt Tech
  • HubSpot
  • Human Resource
  • ICT
  • IoT
  • Laser and Photonics
  • Leadership Development
  • Logistics
  • Machine Learning
  • Marketing Technology
  • Mobile Application
  • Parking Management
  • Payment And Card
  • SDN
  • Telecom
×
#

CIO Advisor APAC Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Advisor APAC

Subscribe

loading
  • Home
  • News
Editor's Pick (1 - 4 of 8)
left
Engaging Clinicians for Better, Safer eHealth

Dr John Lambert, Chief Clinical Information Officer, eHealth NSW

Hybrid-Intelligence

Sharam Hekmat, CIO, IOOF Holdings, Australia

China Embracing Connected Health

Geoff Feakes, Group CIO, Tunstall Healthcare

Reasons to be Optimistic about the Future of Women in Tech

Andrea Walsh, CIO, Isentia

Document Management in the Cloud

Alex Choy, EVP R&D CIO, Change Healthcare

Overcoming the Traditional Healthcare Services

Rick Schooler, VP & CIO, Orlando Health

Disrupting Healthcare with IT

Dan Sheehan, SVP & CIO, DentaQuest

Automation Leading the Change in Healthcare

Rick Schooler, VP & CIO, Orlando Health

right

THANK YOU FOR SUBSCRIBING

Increase in Healthcare Spend: Obstacles and Solutions

CIOAdvisor Apac | Wednesday, October 23, 2019
Tweet

Healthcare EnterpriseHealthcare is dramatically being influenced by companies and technologies coming from outside of healthcare. For instance, technological leaders such as Google, Facebook, Microsoft, Amazon, and non-technological enterprises such as Berkshire Hathaway, Morgan Stanley chase, and Goldman Sachs have allocated a significant amount separately for healthcare investments. Leaders in healthcare believe that traditional healthcare enterprises are suddenly grappling with issues ranging from technological disruption such as AI to change in regulator behavior. Moreover, elected representatives have also centered their campaign on healthcare because developed and developing nations face issues of the aging population. Furthermore, all these changes have empowered consumers, and c-suite executives believe that increased consumers empowerment is opening doors for new competition in the healthcare space challenging the traditional healthcare landscape. New entrants are differentiating themselves by offering better access, convenience, and cost transparency.

Still, challenges remain for revolutionizing healthcare industry—the rising pharmaceuticals cost, particularly the generic medicines. Hospitals are continuously failing to incorporate a business model to control and tame the medications cost the patients have to bear. Moreover, rising medicines cost reflects another side of the coin. The rise in labor costs demonstrates the impact of consumer price index inflation. Another debilitating factor in the increase in labor cost is the aging population; as the population ages, enterprises hire humans to take care of patients.

Traditional healthcare enterprises find it expensive to maintain the site since expansion involves infrastructure investment. The expansion plan takes a toll on the enterprise’s balance sheet. These actions are a result of growth and sustaining long term profitability.

As the population ages, we see a shift that a higher percentage of Medicare business is establishing partnerships to sustain profitably. For instance, companies like JPMorgan, Amazon, Berkshire Hathaway, Google, and Apple are seeking to control their healthcare costs, which can translate to less commercial business for hospitals. Furthermore, governments have less ability to keep raising healthcare prices. Instead of contrast, there is a more significant movement toward softer increases or reduced reimbursement.

Check this out: Top Revenue Cycle Management Technology Companies

Featured Vendors

  • MVI Technologies: Innovative, Future-proof Financial and Payment Switching
    MVI Technologies: Innovative, Future-proof Financial and Payment Switching
  • DATAMARK: Process Driven Solutions in Action
    DATAMARK: Process Driven Solutions in Action
  • IMACREA: Shaping the Future of Teleworking
    IMACREA: Shaping the Future of Teleworking
  • PuzzleBox BPO, Inc.: A Hybrid Platform for Customer Support and Sales Empowerment
    PuzzleBox BPO, Inc.: A Hybrid Platform for Customer Support and Sales Empowerment
ON THE DECK

Read Also

Safeguarding Quality through Proactive Risk Management

Cultivating a Culture of Agility: Nurturing Adaptability for Organizational Success

Governance for Smarter KPIs: Enhancing Performance Measurement

Embracing the Irreplaceable Human in Business and Beyond

Leveraging Gamification for Deeper Financial Engagement

Generative AI: The Game-Changer Automates Marketing For The Retail Industry

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2025 CIO Advisorapac. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap

follow on linkedinfollow on twitter
This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.cioadvisorapac.com/news/increase-in-healthcare-spend-obstacles-and-solutions-nwid-1475.html