The cost of healthcare has been rising over the past few years, prompting medical researchers to look at the underlying reasons for the continuous rise. Researchers investigating changes in healthcare cost between 1996 and 2013 came up with a conclusion that the higher charges that Americans are experiencing are as a result of specific care that is intense and expensive as opposed to drug or medication prices. Population growth and an increase in the aging population were other factors driving the care cost changes. To be more specific, Americans spent $933 billion in 2013 more than they did in 1996. The researchers opted to break down healthcare cost into specific healthcare spending requirements of various diseases. Top spending drivers differed from one illness to another, for example, diabetes, had different value drivers compared to low back and neck pains.
In the thick and thin of the healthcare wobbles is Eric Lefkofsky who has co-founded a tech company, Tempus, that is working to build the necessary technological infrastructure to standardize and modernize treatment of cancer. Eric Lefkofsky’s venture collects huge amounts of genomic data, and through statistical analysis tools coupled with proprietary algorithms, they unearth opportunities specific to patients enabling physicians to make better and informed treatment decisions. The standardizing of cancer treatment will work in the long run to stabilize health care costs for cancer patients.
Philanthropically, Eric Lefkofsky has donated huge sums of money to charitable causes supporting cancer treatment and research. And in 2006 Eric Lefkofsky teamed up with his wife to establish the Lefkofsky Family Foundation. In its mission, the foundation hopes to support charitable, scientific, and educational organizations and causes across the globe. The foundation avails funds to medical research institutions such as North Shore University Health System in Chicago, Lurie Children’s Memorial Hospital which also hosts Lefkofsky Family Pediatric Intensive Care Unit and the University of Chicago Comer Children’s Hospital. Cancer centers such as American Brain Tumor Association founded by Susan Kramer, Damon Runyon, and Memorial Sloan-Kettering Cancer Center have all been beneficiaries of the Lefkofsky Family Foundation funds. On the global stage, the foundation’s funds causes working to enhance human rights.
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