For weeks we’ve been talking about just how big, big data has become. From population growth, record collection, and a growing understanding of illnesses, its numbers are quite literally growing off the nonexistent charts. But today we bring the facts. Not only do they incoporate figures and growing trends, but they let us know just how likely doctors are to jump on these analytics bandwagons. Sit back, relax, and prepare to be amazed.
- 10. New York City has more hospitals than Seattle, Houston, and Detroit combined. (They also employ the most doctors – more than twice that of Los Angeles.)
- 9. The U.S averages almost $8,000 in healthcare expenses per capita. Norway comes in second place at less than $5,000.
- 8. In 2010, 30.74% of the country’s healthcare expenses funded hospitals; in comparison, less than 2% went into research.
- 7. Over the next two years, hospitals expect their revenue sources from risk-based financial reimbursements to double – from 9% to 18%.
- 6. 75% of hospitals are not exploring accountable care organization models (ACOs).
- 5. In a controlled test, adverse reactions to pediatric drugs fell by 40% in just two months – with the help of analytics.
- 4. In 2009, the U.S. spent more on healthcare than Great Britain’s entire GDP.
- 3. Back in 1970, the average household medical expenses came in at $370 per year.
- 2. Just three years ago, the U.S. spent nearly $2.5 trillion on healthcare. It’s projected that that number will rise to a whopping $4.5 trillion in 2019.
- 1. If the United States’ healthcare system was a country, it would host the world’s sixth-largest economy.
Whether believable or not, these stats represent America’s current healthcare situation. But with the help of analytics, these fees can be evened out, along with coverage and equal care.
Stay tuned for even more facts on big data.