The healthcare sector is one of the largest and most complex ones
Government intervention in healthcare markets and activities is pervasive, in part due to some of these economic factors.
Demand for healthcare services is high in terms of price inelasticity. Consumers and producers face inherent uncertainties regarding needs, outcomes, and the costs of services.
Patients, providers, and other industry players possess widely asymmetric information while principal-agent problems are ubiquitous.
Major barriers to entering healthcare markets exist in the form of professional licensure, regulations, intellectual property protections, specialized expertise, research and development costs, and natural economies of scale. Consumption (or non-consumption) and production of medical services may involve significant externalities, particularly regarding infectious diseases.
Transaction costs are high in both the provision of care and care coordination.
Apiron Techologies can gather, process, and analyse data to address major healthcare industry challenges: