Goldman Sachs says a digital healthcare revolution is coming — and it could save America $300 billion

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The United States spends 18% of its GDP on healthcare each year. Though this percentage far exceeds that of other developed economies, government projections say it will only continue to rise in the coming years.

It is often said that the US desperately needs to reduce healthcare costs — and analysts at Goldman Sachs think a major spending reduction is not far off, thanks to the Internet of Things (IoT).

In a report published Monday, Goldman analysts predicted that digital healthcare will revolutionize the industry, both by increasing access to diagnostic, treatment, and preventative care, and by dramatically reducing costs.

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About Peter Coffaro 1436 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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