Setting the stage for 2022 healthcare market moves:
- One out of every 500 U.S. residents have died of coronavirus From contagion to pandemic to infodemic…ongoing hospitalizations & deaths are now preventable but 25% of Americans choose not to vaccinate…uncertainty and anxiety will persist.
- Over 50% of Americans are covered by a government health program From ACA to Medicaid to Medicare…whether healthcare is a right, responsibility or privilege, 28 million people across the nation remain uninsured.
- There’s a 10-year difference in life expectancy between black & white Chicagoans From neighborhood disenfranchisement to voter suppression to health inequity…political determinants of health are just as deadly as social determinants.
- There are 76 digital health unicorns valued over $1 billion From breakthrough to disruptive to faster & better…innovation across the healthcare’s ecosystem can be transformational, only complacency will slow things down.
- A 1/3 of all money raised on GoFundMe is for medical expenses From high deductibles to surprise billing to bankruptcy…with $140 billion of medical debt in collections it’s time to rethink consumer out-of-pocket exposure.
- Drug overdose deaths exceeded 94,000 in 2020 From illicit fentanyl to prescription opioids to heroin…a pandemic worsened an epidemic underscoring need for new laws, new treatments, and new substance abuse solutions.
- There were 90,000 new health apps introduced last year From COPD monitoring to diabetes wearables to metaverse augmented reality…totaling over 350,000 health apps beware of tech for tech’s sake, technology’s a tool not a solution.
- More than 50 million people in U.S. experience mental illness From warning signs to access-to-care to social stigma…heightened by COVID fatigue, mental health is in crisis, particularly among America’s youth.
- The 3,705 health data breaches over last 10-years exposed 268,189,693 health records From privacy to cybersecurity to ransomware…the ‘Internet of Threats’ is a health brand’s reputation buster waiting to happen.
- A newly retired 65-year-old couple is estimated to need $300,000 for medical expenses From family to finances to wellbeing…security and freedom in retirement begins with preparation knowing there’s a health care cost gap coming.