Life expectancy is a reliable measure of how developed regions or countries are. Lower life expectancies suggest countries with such characteristics have insufficient healthcare, bad infrastructure, and failing economies, among other things that spell b-a-d n-e-w-s for those nations.
Slightly more than one hundred years ago, the average expected length of life in the United States was just 47 years. Smallpox and polio were two of the most deadly disease – two ailments we rarely hear of today, except in history lessons and undeveloped areas of the world.
During this time period, some thirty years prior to the Great Depression, a large portion of US-based hospitals were nonprofits organized by religious organizations. Today, most healthcare facilities are owned by private parties, or even publicly traded on stock exchanges. These facilities’ goals are to make as much money as possible, while still meeting the needs of all patients.
Also significant of today’s times is the dollar value of what the United States spends in healthcare – $3.2 trillion, as of 2015, throughout the entirety of America. This sum works out to about $9,237 per capita throughout the United States, the largest such amount, by far, in modern-day society.
With so much money soaring around the realm of healthcare, businesses recognize a potential opportunity in the field. However, because there are boatloads of regulations in healthcare, many organizations are wary of entering.
The same can’t be said for Amazon, earlier this month securing licensure for the distribution of assets used in healthcare. CVS Pharmacy recognizes the potential for being knocked off by Amazon, or, at the very least, having their share of the market cut into.
CVS Pharmacy realizes that it’s crucial for healthcare companies of the future to offer just about everything a patient could need in one location, rather than jumping around here, there, and everywhere.
The Managing Partner of Evergreen Healthcare Partners is Drew Madden, who also recently worked at Nordic Consulting Partners. At the latter agency, Mr. Drew Madden grew the organization leaps and bounds – literally exponentially. Revenue shot up from a grim $1,000,000 to an astounding $130,000,000