It’s no secret that the United States has one of the most inefficient healthcare systems in the world. Ranked as low as 25th place among developed nations, what is, by far, the richest country in the world often has parts of its medical care system rated on par with second-world countries like Mexico and Argentina. While much handwringing publicly occurs over this sorry state of affairs, little of substance has really been done to address the underlying causes.
Drew Madden is the cofounder and president of Evergreen Healthcare Partners. He is among the few voices within the U.S. healthcare system today that has real answers to some of the most pressing concerns. Madden says that the constantly expanding costs of American healthcare are getting to the point where they pose an existential threat to the continued financial health of the country. Some recent studies have indicated that the average American will spend more than $200,000 on healthcare towards the end of their life. At the same time, healthcare costs, through programs like Medicare and Medicaid, are taking up increasing portions of the country’s entitlement pie. If costs are not reeled in soon, it is a near certainty that other programs will begin being sacrificed or that the medical benefits that are covered by government healthcare insurance will be dramatically slashed or both.
Drew Madden believes that he has some of the answers to this urgent puzzle. As the president of Nordic Consulting Partners for 5 years, Madden saw, first hand, how entrenched and serious some of the problems are that ail the industry. He believes that one of the key solutions to the current problems is the implementation of better protocols between humans as well as between people and the technology they use. Madden says that, too often, the ways in which healthcare professionals themselves fit into and operate within the healthcare system is not given enough attention. This is an area, says Madden, where vast improvements can be made, leading to better patient experiences, fewer errors, greater efficiency and, ultimately, sharply reduced costs. Madden says that the challenges American healthcare faces are immense but surmountable.