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"Stashed away in the byzantine language of the Affordable Care Act are rules that have caused a big bang-size explosion in health care startups--led by founders who will reinvent the health care industry." -Jeff Bercovici recently commented on the opportunity the ACA presents to entrepreneurs, writing for Inc.
Read the full article on Inc.
The Affordable Care Act has opened the doors for start-ups to create innovative solutions to a variety of healthcare needs, especially around the current, less-than-desirable “fee for service” model, shifting toward payment based on patient outcomes. The ACA has the potential to transform the healthcare sector, which represents one sixth of the American economy - about $3 trillion.
"'Anytime you take a sector and apply a whole bunch of regulatory changes and economic incentives to it, it creates enormous opportunities for new entrants to come and take advantage,' says Bob Kocher, a venture capitalist at Venrock in Palo Alto, California. By his tally, the amount of funding going into technology-infused health care startups has more than doubled in the past five years, with $10 billion going into the formation of 500 new companies.”
The influx of startups into the healthcare arena and transition from fee-for-service to outcome-based payment turns creates a simple business proposition - improve health, don't just deliver more healthcare.
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