The cost of healthcare in the US has increased by almost a trillion dollars in just over twenty years. Several factors have contributed to this upsurge. The levies charged by health care providers have gone up. Patients are also going for more comprehensive and thus, more costly care. Other factors such as the rise in populations as well as a larger group of seniors have also fueled the rise in costs.
How often you visit the healthcare provider has had little effect on the equation. For one thing, recent studies by the Jama network as well as the Johns Hopkins University support the price argument. They confirm that high prices of services and medications are driving the healthcare costs. The Jama report carries fascinating breakdowns that give insights into the specific sectors. Diabetes tops the list with a massive percentage of the bill going to drug companies.
Conditions affecting the lower back as well as the neck are increasingly demanding more intensive care, coming in second in the study. In a strange twist, while hospital stays have become shorter, the inpatient bill has shot through the roof. Pharmaceuticals have a hard time justifying the high cost of drugs. There is no evidence to show that the cost of medications gets offset by any other factor in the equation.
Tempus is one of the healthcare technology firms that are at the forefront of enabling high-quality care for cancer patients. It is promising to drive the next revolution in healthcare. The startup was co-founded by Eric Lefkofsky, a prominent figure on the tech and entrepreneurship scene. The firm leverages technology including intelligent platforms to deliver personalized care services to cancer patients.
Tempus enables doctors to understand a particular patient’s tumors using genome sequencing and analysis. Eric Lefkofsky has a rich history of supporting the oncology research scene. Through the Lefkofsky Family Foundation, which he co-chairs, he donates generously to cancer centers and research initiatives at various organizations.
Some of the institutions he is affiliated with include the Lurie Children’s Hospital, The Giving Pledge and the University of Michigan among numerous others. Eric Lefkofsky is committed to enhancing the quality of life through education, groundbreaking research, a focus on cultural initiatives, as well as basic human rights.