- U.S. ranks last in health care access, spending twice as much as other high-income countries
- 80+ million Americans live in rural areas where health care access is limited
- MIHI building nationwide telemedicine network to serve underserved Americans
America ranks dead last among 11 developed high-income countries for overall health care performance and nearly last when it comes to health care access, administrative efficiency, and health care outcomes, according to a new report published by the Commonwealth Fund (http://dtn.fm/6dZH7). In excess of $9,000 per capita, the United States spends far more on health care than any country in the world and virtually double what each of the other comparative countries in the report spend, but the U.S. falls abysmally short of the performance achieved by the other high-income countries. The United States of America ranks at the very bottom in health care access and health care outcomes and ranks very poorly in infant mortality and life expectancy at age 60. The really sad part is that the United States has firmly held this expensive last place health care position for at least a decade.
Dramatically impacting health care access, an estimated 80 million Americans live in rural areas where access to medical services is extremely limited. These regions suffer from a chronic shortage of not only primary care physicians but, even more critically, specialty care physicians. Targeting these medically underserved areas, Medical Innovation Holdings, Inc. (OTC: MIHI) intends to deliver much needed medical care while simultaneously developing the foundation of its unique business model.
Utilizing telemedicine to connect specialty physicians to diverse rural areas, MIHI is committed to expanding and disrupting the traditional telemedicine business model, building a national network of physicians and patients, and vertically integrating multiple health care-related products and services across multiple platforms throughout its entire network. The company’s business model provides much needed specialty practice medical services to underserved rural patients in the setting of their primary practice provider. It also provides the rural physician with administrative support, additional income through more product and service offerings, and the ability for the rural practice to grow exponentially while providing access to specialist practitioners.
The telehealth market is projected to grow at a CAGR of 27.5% over the next five years, from 2016 to 2021 (http://dtn.fm/VriD9). The growth of the overall market can be attributed to growth in the geriatric population, dearth of health care professionals worldwide, improvements in telecommunication infrastructure, technological advancements, increasing utilization of connected devices for the management of chronic diseases, and a need for affordable treatment options due to rising health care costs. Medical Innovation Holdings fully intends to fulfill many of these health care needs while capitalizing on the phenomenal compound annual growth.
The recent editorial “Telemedicine: Reducing the Costs” (http://dtn.fm/05oZN) outlines MIHI’s vastly different approach from a growing field of telemedicine providers by delivering virtual telemedicine with a unique, customized software and hardware platform. Given its mutually beneficial business model and the dire need for health care access in the U.S., Medical Innovation Holdings could greatly contribute to getting the country out of last place in health care and back to healing America.
For more information, visit the company’s website at www.MedicalInnovationHoldings.com
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