Anglo Arabian Healthcare Blog Translating healthcare advancements into real cost savings

Advances in science, technology and manufacturing have changed many facets of our modern lives. These breakthroughs often lead to greater efficiencies which in turn bring down costs. At least, that's the theory. But in healthcare, it simply doesn't hold. Our industry has been greatly affected by ageing populations, poor lifestyle habits, increases in certain chronic diseases, greater patient expectations, patient over-use of unnecessary services/procedures, ever-changing regulations, along with both the benefits and of course costs of new treatments powered by scientific and technological breakthroughs. The list goes on. The Economist Intelligence Unit looked at 60 countries and concluded that annual global spend on healthcare steadily rose in 2014 and, with a slight shrink in 2015, is expected to return to increases from 2016 onwards for at least two years. Those in the industry know that it's almost certainly going to be longer. Here in the UAE, the healthcare spend is anticipated to hit AED 71.5bn by 2020. That means likely annual growth of 12.7% each year. In some cases we can attribute this spending growth to an increase in demand, but importantly when we look at the picture for individual companies providing healthcare for their employees we are simply seeing [...]The post Translating healthcare advancements into real cost savings appeared first on Anglo Arabian Healthcare.