The healthcare industry is currently experiencing change at an unprecedented rate. Change is not only occurring in the technology used in diagnostics and care delivery, but this change is so fundamental that it could, and likely will, fundamentally alter the business model of the industry. In recent years, healthcare expenditures have risen consistently and sharply in all Organization for Economic Co-operation and Development (OECD) countries, outpacing the rate of inflation. In the United States, the country with the highest overall expenditures, spending reached about 17.7% of gross domestic product (GDP) in 2009 and has since stabilized. The U.S. healthcare expenditure is significantly higher than that of other OECD countries. For example in the UK., where healthcare expenditures peaked in 2009 at 9.9% of GDP, they fell to 9.4% in 2011. Nevertheless, in all industrialized countries, healthcare costs have been steadily rising since the middle of the 20th century.
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