Medical Nanotechnology Already in Use
Published by BrownIT Corporation — March 19, 2014
Medical nanotechnology is the science of building medical treatments on a subatomic level. Scientists who work in medical nanotechnology rearrange atoms and molecules to create and manipulate structures that measure fewer than 100 nanometers, where one nanometer is one-billionth of a meter. Nanotechnology in healthcare may seem like science fiction, but the medical community already uses this futuristic technology in patient care today.
BrownIT Leadership Gives Insight to Healthcare IT Industry through Interview with Princeton Corporate Solutions
Mark Brown, CEO of BrownIT Corporation, a 13 year old company that provides innovative IT solutions in the healthcare sector was recently interviewed by James Scott of Princeton Corporate Solutions. Being positioned in the federal government market, Princeton Corporate Solutions was particularly interested in BrownIT because of their long history with government agencies, intimate knowledge of an explosive industry, and motivation to achieve significant corporate growth
The government currently spends over 10% of the gross domestic product in the healthcare industry — a figure that is expected to double by the year 2020. Today healthcare is one of the fastest growing sectors of the economy with over 76% of fortune 50 companies being healthcare companies or companies that have a healthcare division.
The mission of Health IT is to lower the cost of medicine by over 30%, increase the quality of medicine, and reduce many of the inefficiencies that currently plague the industry. Over the past several years, the government has offered huge incentives for the adoption of health IT (HIT). These incentives have lead to a large increase in companies that specialize in this type of information technology. Though most of the players in the health IT industry are large companies, the growth of this new industry also offers an opportunity for smaller firms.
The cost of healthcare has continued to soar over the last few years. Today the cost of healthcare is at an all time high, and the future looks bleak if no substantial changes are made soon. The US government invests over $1.7 trillion in healthcare annually — a figure that rises by 7% each year. At this rate, the cost of healthcare could prove unsustainable in about ten years. This high cost has contributed to an increase in the number of people without health insurance. Today the number of people without health insurance is estimated at around 50 million, and the figure is only going to get bigger if the cost of healthcare does not drop.