Health care costs in the U.S. have been rising rapidly over the decades and data provided by the Kaiser Family Foundation (http://nnw.fm/f3Sc1) show the extent of that rise. In 1960, total national expenditure on health care was $27.2 billion, amounting to 5 percent of GDP. In 2015, it had climbed to $3.2 trillion, increasing by an astounding 11,785 percent to 17.8 percent of National Income (GDP). The causes are diverse: a combination of factors that include greater demand for health services and a population that is living longer. But the solutions have been less obvious. Now, ORHub, Inc. (OTC: ORHB) is offering a digital platform it believes will substantially lower costs. The ORHub system significantly decreases cost and improves outcomes by eliminating inefficiencies, duplication of effort, and errors and omissions that result from siloed processes in software and poor handoffs from one part of the care process to another.
At present, many of the systems that handle accountability, billing and inventory management in the 150 million annual surgical operations are manual. Consequently, processing takes a long time, with large numbers of unhappy vendors having to wait for 90 or 120 days to get paid. In addition, manual systems are labor intensive, requiring…
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