Healthcare is now a huge business, but a lot of the solutions provided are so costly, that most people are unable to afford it. That is why, there is a need to scale these business models for many to use. A new business model has been curated by Spark in collaboration with the Harvard Pilgrim Healthcare, where payments could be spread over several years, so that the burden does not fall at once. New financial instruments too must be explored as has been the case with the latest business innovation called Health Coin. It is tied with insurance schemes where insurers are incentivized to reimburse for preventive measures. Some players are even exploring annuity-based models.

Source:https://hbr.org/2018/11/3-business-models-that-could-bring-million-dollar-cures-to-everyone?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_activesubs&utm_content=signinnudge&referral=00563&deliveryName=DM18593

Uploaded Date:26 November 2018