How Fintech is Lowering the Cost of Healthcare by MagpieX Med Tech Ventures

There is a movement of Fintech startups that have broken out of their sector to fight the high costs of healthcare in the United States.

Part of what makes the American healthcare system so expensive is the reliance on a fee-for-service (FFS) model of healthcare provision. A doctor provides a service such as prescribing a drug, test, or procedure and then receives payment. Healthcare industry experts point at the FFS model as the reason behind the over-prescription of tests, procedures, and drugs.