Companies preparing to launch their health business ventures under the Trump administration’s policies have met a state of flux around insurance and regulations.But this is nothing new for businesses to grapple with, according to Mike Strazzella, a federal government healthcare attorney at Buchanan, Ingersoll & Rooney, PC. Our healthcare system has been in a state of flux for the past eight years, Strazzella said, with former president Barack Obama’s commitment to reshaping the healthcare delivery system with the Affordable Care Act. Back in the early 2000s, healthcare providers such as hospitals would put together five-year strategic plans. Now, the field changes so rapidly that they can only build one- to three-year plans, Strazzella said. However, technology advances faster than the government can keep up, Strazzella said. “While the industry will have an appetite for more, entrepreneurs have to be ready for slow public sector progress, which is always a frustration,” he said. “I think we’re going to see the FDA implement processes and regulations to spark greater competition, whether that’s a generic medication or a device.” SEE: Enterprise IoT Research 2017: Benefits, Trends, and Security Concerns (Tech Pro Research) Strazzella recommends businesses stay in touch with the latest trends within… Read full this story
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