Rise of Fintech in Healthcare: Global Trends and Opportunities

Leading-edge technologies and procedures have given rise to a multitrillion-dollar health industry in the US, but despite all the press devoted to government solutions, affordability in the health care sector remains problematic. Notoriously inadequate insurance payouts have traumatized consumers facing expensive procedures, at a time when many healthcare providers are struggling to absorb high costs of technology, training, and other barriers to practicing success. Financial Technology (FinTech) has coined a new asset class for private and institutional investors pertaining to Peer-to-Peer financial lending. Health care remains the largest industry sector. The Bureau of Labor Statistics forecasts that employment of health care occupations is projected to grow 19 percent from 2014 to 2024, much faster than the average for all occupations, adding about 2.3 million new jobs. Health care occupations will add more jobs than any other group of occupations.

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