# Affordability of Healthcare * **Definition:** Affordability of Healthcare refers to the extent to which individuals can obtain necessary medical services without experiencing financial hardship, often assessed by the proportion of income spent on healthcare costs, the availability of insurance coverage, and the overall economic accessibility of healthcare services. * **Taxonomy:** Healthcare Topics / Affordability of Healthcare ## News * Selected news on the topic of **Affordability of Healthcare**, for healthcare technology leaders * 13K news items are in the system for this topic * Posts have been filtered for tech and healthcare-related keywords | Date | Title | Source | | --- | --- | --- | | 5/16/2025 | [**How Payer-Provider Collaboration is Creating A More Patient-Friendly Healthcare Industry**](https://hitconsultant.net/2025/05/16/how-payer-provider-collaboration-is-creating-a-more-patient-friendly-healthcare-industry/) | [[HIT Consultant]] | | 3/2/2025 | [**Transformative Technologies Reshaping the Healthcare Industry - by Reza Lankarani**](https://medium.com/@RezaLankarani/transformative-technologies-reshaping-the-healthcare-industry-cc72b937b8ec) | [[Medium]] | | 2/28/2025 | [**The Home Care Tipping Point: Why 2025 Could Break or Make Your Business - LinkedIn**](https://www.linkedin.com/pulse/home-care-tipping-point-why-2025-could-break-make-your-iqhvc) | [[Linkedin]] | | 2/19/2025 | [**Revolutionizing Healthcare: The Role of HealthTech Innovations - by Ajay Singh - Medium**](https://medium.com/@ajay.singh_91430/revolutionizing-healthcare-the-role-of-healthtech-innovations-a6be0010a659) | [[Medium]] | | 2/11/2025 | [**AI-Powered Healthcare: Breakthroughs, Policies & Future Trends - Raouf Hajji, MD, PhD.**](https://www.linkedin.com/pulse/ai-powered-healthcare-breakthroughs-policies-future-hajji-md-phd--oaanf) | [[Linkedin]] | | 2/3/2025 | [**Healthcare Services Market to Grow by USD 6.26 Trillion from 2024-2028, Driven by Rising ...**](https://www.prnewswire.com/news-releases/healthcare-services-market-to-grow-by-usd-6-26-trillion-from-2024-2028--driven-by-rising-prevalence-of-chronic-diseases-with-ai-shaping-market-trends---technavio-302365978.html) | [[PR Newswire]] | | 2/3/2025 | [**Telehealth Market & Telemedicine Market to Hit USD 180.86 Billion by 2030 with 11.5AGR**](https://www.prnewswire.com/news-releases/telehealth-market--telemedicine-market-to-hit-usd-180-86-billion-by-2030-with-11-5-cagr--marketsandmarkets-302366211.html) | [[PR Newswire]] | | 1/24/2025 | [**Healthcare Services Market to Grow by USD 6.26 Trillion (2024-2028), Driven by Rising Chronic Disease Prevalence, Report Highlights AI-Powered Market Evolution - Technavio**](https://www.prnewswire.com/news-releases/healthcare-services-market-to-grow-by-usd-6-26-trillion-2024-2028-driven-by-rising-chronic-disease-prevalence-report-highlights-ai-powered-market-evolution---technavio-302358330.html) | [[PR Newswire]] | | 1/21/2025 | [**Medical Electronics Market Growth: Innovations Shaping the Future of Healthcare Technology**](http://prsync.com/marektsandmarkets/medical-electronics-market-growth-innovations-shaping-the-future-of-healthcare-technology-4572201/) | [[PRSync]] | | 1/15/2025 | [**Wearable Devices and Mobile Applications - 2025 Health IT Predictions**](https://www.healthcareittoday.com/2025/01/15/wearable-devices-and-mobile-applications-2025-health-it-predictions/) | [[Healthcare IT Today]] | | 1/14/2025 | [**25 Executive Digital Health Predictions o Watch in 2025**](https://hitconsultant.net/2025/01/14/25-executive-digital-health-predictions-trends-to-watch-in-2025/) | [[HIT Consultant]] | | 1/9/2025 | [**Healthcare Workforce - 2025 Health IT Predictions**](https://www.healthcareittoday.com/2025/01/09/healthcare-workforce-2025-health-it-predictions/) | [[Healthcare IT Today]] | | 1/9/2025 | [**Population Health Management Market size to increase by USD 19.40 Billion between 2024 ...**](https://www.prnewswire.com/news-releases/population-health-management-market-size-to-increase-by-usd-19-40-billion-between-2024-to-2029--market-segmentation-by-component-end-user-geography---technavio-302345720.html) | [[PR Newswire]] | | 12/31/2024 | [**Precision Medicine Software Market Focused Insights 2024-2029, with Key Player Profiles of ...**](https://www.businesswire.com/news/home/20241231013633/en/Precision-Medicine-Software-Market-Focused-Insights-2024-2029-with-Key-Player-Profiles-of-Syapse-AccessDX-Laboratory-Fabric-Genomics-Foundation-Medicine-Intel-and-IBM---ResearchAndMarkets.com) | [[Business Wire]] | | 12/31/2024 | [**Precision Medicine Software Market Focused Insights 2024-2029, with Key Player Profiles of Syapse, AccessDX Laboratory, Fabric Genomics, Foundation Medicine, Intel and IBM - ResearchAndMarkets.com**](http://www.businesswire.com/news/home/20241231013633/en/Precision-Medicine-Software-Market-Focused-Insights-2024-2029-with-Key-Player-Profiles-of-Syapse-AccessDX-Laboratory-Fabric-Genomics-Foundation-Medicine-Intel-and-IBM---ResearchAndMarkets.com/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==) | [[Business Wire]] | | 12/16/2024 | [**VSee Health Announces Partnership with Tele911 to Create First Virtual Emergency Department**](http://www.businesswire.com/news/home/20241216885724/en/VSee-Health-Announces-Partnership-with-Tele911-to-Create-First-Virtual-Emergency-Department/?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT) | [[Business Wire]] | | 12/6/2024 | [**VSee Health Partners with AbundaBox to Launch AbundaLife - Business Wire**](https://www.businesswire.com/news/home/20241206750662/en/VSee-Health-Partners-with-AbundaBox-to-Launch-AbundaLife%E2%84%A2-Transforming-Health-Record-Management-for-Families-Nationwide) | [[Business Wire]] | | 12/6/2024 | [**VSee Health Partners with AbundaBox to Launch AbundaLife™: Transforming Health Record Management for Families Nationwide**](http://www.businesswire.com/news/home/20241206750662/en/VSee-Health-Partners-with-AbundaBox-to-Launch-AbundaLife%E2%84%A2-Transforming-Health-Record-Management-for-Families-Nationwide/?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT) | [[Business Wire]] | | 12/2/2024 | [**Future Market Trends for Electronic Health Records (EHR) System: Forecasting Size, Share ...**](https://www.linkedin.com/pulse/future-market-trends-electronic-health-records-ehr-system-forecasting-r1hde) | [[Linkedin]] | | 11/21/2024 | [**Telerehabilitation Systems Market to Expand by USD 532.9 Million (2024-2028), Rising ...**](https://www.marketwatch.com/press-release/telerehabilitation-systems-market-to-expand-by-usd-532-9-million-2024-2028-rising-chronic-disease-cases-driving-revenue-ai-impacting-market-trends-technavio-40f87815) | [[MarketWatch]] | | 11/20/2024 | [**Mobile Healthcare (mHealth) Solutions Market Growth Outlook 2024-2031 - LinkedIn**](https://www.linkedin.com/pulse/mobile-healthcare-mhealth-solutions-market-growth-outlook-jxfde) | [[Linkedin]] | | 10/17/2024 | [**Healthcare Payer Services Business Research Report 2023-2024 & 2030 - Growth in Telehealth and Virtual Care Services Expands the Scope of Payer Services - ResearchAndMarkets.com**](http://www.businesswire.com/news/home/20241017425707/en/Healthcare-Payer-Services-Business-Research-Report-2023-2024-2030---Growth-in-Telehealth-and-Virtual-Care-Services-Expands-the-Scope-of-Payer-Services---ResearchAndMarkets.com/?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT) | [[Business Wire]] | | 10/17/2024 | [**Healthcare Payer Services Business Research Report 2023-2024 & 2030 - Growth in Telehealth and Virtual Care Services Expands the Scope of Payer Services - ResearchAndMarkets.com**](http://www.businesswire.com/news/home/20241017425707/en/Healthcare-Payer-Services-Business-Research-Report-2023-2024-2030---Growth-in-Telehealth-and-Virtual-Care-Services-Expands-the-Scope-of-Payer-Services---ResearchAndMarkets.com/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==) | [[Business Wire]] | | 7/3/2024 | [**Healthcare IT Market Poised for Explosive Growth, Projected to Reach $1.83 Trillion by 2031**](https://www.whatech.com/og/markets-research/medical/851706-healthcare-it-market-poised-for-explosive-growth-projected-to-reach-1-83-trillion-by-2031) | whatech.com | | 6/26/2024 | [**Population Health Management Market Advancements Highlighted by Size Forecast ... - WhaTech**](https://www.whatech.com/og/markets-research/medical/847535-population-health-management-market-size-forecast-between-2023-2032) | whatech.com | ## Topic Overview (Some LLM-derived content — please confirm with above primary sources) ### Key Players - **Careviso**: A company emphasizing the need for improved communication regarding prior authorizations in healthcare. - **VSee Health**: A telehealth platform provider that focuses on improving healthcare access and reducing physician burnout through scalable telehealth technology. - **Doc.com, Inc.**: A healthcare technology company leveraging AI and blockchain to create a global healthcare platform aimed at making healthcare a fundamental human right. - **Philips Healthcare**: A key player in the telemedicine market, expanding offerings in response to increased demand for remote healthcare solutions. - **Accenture**: A global professional services company providing consulting services, including healthcare payer services to enhance operational efficiency. - **Vida Health**: A partner of Amwell, enhancing telehealth services. - **Cognizant**: A multinational technology company specializing in IT services, including healthcare payer solutions to improve cost management. - **VSee Health, Inc.**: A telehealth technology company providing customizable solutions to enhance healthcare access and reduce workforce shortages. - **Amwell**: A telehealth platform focusing on deploying services within the Military Health System and enhancing offerings through partnerships. - **McKesson Corporation**: A healthcare company that provides pharmaceuticals and medical supplies, also involved in healthcare payer services. - **Medtronic**: Another significant player in the telemedicine market, focusing on enhancing healthcare delivery through technology. - **IBM Corporation**: A technology company investing in healthcare solutions, including population health management and data analytics. - **Cerner Corporation**: A health information technology company that provides solutions for population health management, focusing on improving patient outcomes. - **Abbott Laboratories**: A company focusing on innovative medical devices and biosimilars aimed at improving healthcare outcomes. - **Tata Consultancy Services**: An IT services, consulting, and business solutions organization that offers healthcare payer services to streamline operations. - **CrossTx**: A healthcare technology company focused on enhancing Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) programs. - **AccessDX Laboratory**: Offers precision medicine software solutions that enhance patient engagement and data analysis. - **Boston Scientific**: A medical solutions provider delivering advanced healthcare technologies across various sectors. - **Artemis Global RPM**: A company that utilizes patented technology to advance preventative healthcare and management solutions for healthcare providers. - **Syapse**: A company providing precision medicine software solutions focused on genomics analysis and clinical decision support. ### Partnerships and Collaborations - **VSee Health and Tele911**: This collaboration addresses emergency room overcrowding by utilizing telehealth technology for low-acuity 911 calls, improving patient-centered emergency care. - **Array Behavioral Care and KeyCare**: A partnership focused on providing accessible mental health services through virtual healthcare. - **TimelyCare**: Recognized for its contributions to mental health advocacy, providing comprehensive virtual health services to students. - **Healthcare IT Companies**: Collaborate with pharmaceutical companies to enhance drug development and patient care outcomes. - **Amwell and Vida Health**: Collaboration to enhance telehealth offerings. - **Arrowhead EMS Association and Avel eCare**: Collaboration to implement telemedicine services in ambulances, enhancing post-crash care in rural areas. - **VSee Health and AbundaBox**: Partnered to launch AbundaLife, a health record management platform aimed at consolidating medical records for better healthcare management. - **Vital Data Technology and Mid-State Health Network**: Collaborating to implement predictive data models to enhance healthcare quality and access for at-risk populations. - **CareQuest Innovation Partners and Grin**: Invested in Grin, a virtual care platform focused on digital oral health care solutions to improve health outcomes. - **American Telemedicine Association (ATA)**: Launched the Center of Digital Excellence (CODE) to innovate virtual care pathways with major U.S. health systems. - **Washington Gastroenterology and WovenX Health**: Teamed up to enhance gastrointestinal telehealth care delivery through a specialized telehealth platform. - **CrossTx and Artemis Global RPM**: This partnership aims to streamline care coordination through a suite of services, enhancing patient engagement and reducing administrative burdens. ### Innovations, Trends, and Initiatives - **Subscription-Based Healthcare Models**: Gaining popularity for providing immediate access to care, though affordability concerns remain. - **Digital Health Technologies**: The rise of digital health tools, including telemedicine and remote patient monitoring, is essential for improving healthcare affordability and access. - **Telemedicine Expansion**: Increases access to healthcare, particularly in underserved areas, by enabling remote consultations via video calls. - **Value-Based Care**: A shift towards value-based care models is driving the demand for advanced data management and analytics tools to reduce overall healthcare costs. - **Telemedicine**: Emerging as a crucial service for enhancing patient care accessibility, especially post-COVID-19. - **Patient Access Solutions**: Rapid growth driven by digital technologies and patient engagement strategies, projected to exceed $10 billion by 2031. - **mHealth Solutions**: Projected to grow significantly, focusing on cost reduction and resource optimization through mobile apps and wearable devices. - **Digital Wallets**: Increasing adoption for medical bill payments, enhancing convenience and security for patients. - **Medicare Expansion Proposal**: Vice President Harris proposed expanding Medicare to include in-home care for seniors, potentially increasing access to home care services. - **Telemedicine Technologies**: The telemedicine market is expected to grow at a CAGR of 7.6% from 2024 to 2031, focusing on resource optimization and cost-effectiveness. - **AI in Healthcare**: AI technologies are enhancing diagnostics and treatment personalization, leading to more effective patient care. - **Microinsurance in Djibouti**: Emerging as a solution to provide affordable coverage for low-income populations, supported by collaborations among insurers, NGOs, and government bodies. - **Pharmacist-led Telehealth Models**: These models utilize AI-driven algorithms for personalized diabetes management, improving access to care for underserved communities. - **Predictive Analytics**: Utilized by payer services to manage costs effectively and improve patient outcomes through data-driven decision-making. - **AI and Machine Learning**: These technologies are revolutionizing diagnostics and drug discovery, enhancing operational efficiency and clinical outcomes in healthcare. - **Remote Patient Monitoring (RPM)**: The RPM market is projected to grow at an annual rate of 5.8% from 2024 to 2031, driven by advancements in wearable technologies and the increasing prevalence of chronic diseases. - **AI-Driven Automation**: Technological advancements aimed at improving operational efficiency and reducing staff burnout. ### Challenges and Concerns - **Affordability of Healthcare**: Many Americans report difficulties managing out-of-pocket costs alongside everyday expenses. - **Access Disparities**: Rising healthcare costs leading to reduced access for lower-income populations. - **Access to Care**: The closure of primary care clinics has exacerbated access issues, particularly for chronic disease management in underserved populations. - **Implementation Costs**: High costs associated with implementing new technologies can be a barrier for smaller healthcare providers. - **Healthcare Workforce Shortage**: The ongoing physician shortage emphasizes the need for telemedicine and preventative care to enhance accessibility. - **Interoperability Issues**: Challenges in integrating different healthcare systems and technologies. - **Adoption Rates of AI**: Despite the potential benefits of AI in healthcare, slow adoption rates among healthcare leaders reflect ongoing hesitance in the industry. - **High Implementation Costs**: Hinders widespread adoption of precision medicine software, particularly in smaller healthcare institutions. - **Staffing Shortages**: High turnover rates and a critical shortage of registered nurses threaten healthcare access. - **Workforce Challenges**: Recruitment and retention issues affecting healthcare systems' recovery and operational efficiency. - **Regulatory Hurdles**: Excessive regulation could increase administrative burdens on healthcare providers, hindering the adoption of new technologies. - **Data Privacy**: Concerns regarding data privacy and security remain critical in the healthcare sector, necessitating robust cybersecurity measures. - **Regulatory Compliance**: Ensuring compliance with healthcare regulations like HIPAA is crucial for protecting patient data and privacy. - **Data Security Concerns**: Barriers to telehealth adoption include concerns over data security and privacy. - **Data Security**: The rise of AI and telehealth technologies poses cybersecurity risks, necessitating the adoption of robust security measures. - **Cybersecurity Threats**: Persistent threats to healthcare organizations necessitate robust cybersecurity measures. - **Communication Gaps**: Patients often experience confusion regarding prior authorizations and coverage details. - **Connectivity Issues**: Challenges in utilizing remote patient monitoring devices effectively due to connectivity problems. - **Documentation Challenges**: Limitations of electronic medical records (EMRs) contribute to nurse burnout, especially in rural areas. ## Related Topics [[Healthcare Affordability]]; [[Healthcare Accessibility]]; [[Healthcare Access]]; [[Healthcare Costs]]; [[Healthcare Access Disparities]]