There top reasons that have led to an increase in expenditure for Americans are;
• Need for intensive care which is more costly
• An increase in the cost of healthcare
• Growth in population
• Prevalence of diabetes
According to recent research, inpatients care for Americans increased by $439 billion per year. The expenditure continually increased regardless of any efforts to reduce it including reducing the number of days the patients were admitted.
Diabetes was found to be the highest cause of increase in expenditure per year at $64 billion with all the factors during the study having a significant impact on the disease.
Low Back pain and neck pain was the second after diabetes at $57 billion per year, an 8.5% increase in inpatient expenditure. The amount of care needed for this was on the rise, but its prevalence remained constant.
Eric Lefkofsky is an American entrepreneur. Lefkofsky is also a co-founder of Echo Global Logistics, Lightbank, Mediaocean, Groupon Uptake Technologies, Inner Workings and Tempus which has solely focused its technology on fighting cancer with its new operating system. He has had a great passion for breaking the medical barriers of cancer which is evidenced by his billion donations for its research.Cancer is one of the diseases that Americans are spending their fortune on because of its costly nature.
Lefkofsky has as well dedicated his time to work on a technology called Tempus to revolutionize the treatment of cancer. He and his wife felt the need to develop an initiative to in which people could assist the communities they worked in. In line with that, they established Lefkofsky Family Foundation in 2006. Through the foundation, Leftkofsky and his wife Liz have dedicated their time and money to support people and charitable organizations. The foundation focuses on human rights, art, education and medical research. The couple has a particular interest and dedication in medical research in cancer. This can be partly attributed to the fact that Liz and her close family members have had cancer.
The modern cancer technology aims at improving the care given to cancer patients through its ability to keep an updated data about the patient that can be accessed instantly. The technology will also come handy for health care givers in giving cancer patients a personal care.
Source : https://www.tempus.com/about-us/