Ilovebenefits’s Blog

Just another WordPress.com weblog

Technology Contributes to High Medical Trend Rates

Editor’s note: People always ask, “What is the cause of medical cost trends? Where does all the money go?'” Here is one story that will give you one indication of where the money is going and why medical trend is as high as it is. Remember medical trend is a function of two components price inflation and increased utilization.

The market for medical automation technology is forecast to grow from $13.1 billion this year to $23.2 billion in 2014, with a compound annual growth rate of 12.2%, according to a recent report.
 
Source: “U.S. MARKET FOR MEDICAL AUTOMATION TECHNOLOGIES TO BE WORTH $23.2 BILLION IN 2014,” BCC Research press release, September 8, 2009, http://www.bccresearch.com/pressroom/HLC066A.html 
Advertisements

September 14, 2009 - Posted by | healthcare |

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: