Healthcare costs continue to grow at an unsustainable rate, reaching 17.7% of Gross Domestic Product in 2018. Research estimates that up to 30% of current spending on health care is wasted.
Lack of interoperability and sharing of information across providers and payers creates inefficiencies and distrust. Patient and provider accountability for health management is limited and has not been institutionalized.
Information sharing between Payers and Providers will allow successful transitions to Value Based Care arrangements and evidence based protocols, improving the patient experience.