The US healthcare industry is losing its leadership position as a pioneer in medical research to the countries like China and Japan that are rapidly making incremental investments in this field. According to statistics provided University of Rochester Medical Center, “In 2004, U.S. medical R&D spending represented 57 percent of the global total. By 2014, the U.S. share had fallen to 44 percent with Asia – led by China, Japan, South Korea, India, and Singapore – rapidly making up ground and increasing investment by 9.4 percent per year” (Dorsey, 2015). Our healthcare system has all the means as well as the technology to boost the patient engagement in this field and make these trials available to the consumers. We need to implement the proper policies and frameworks to expand its use. …show more content…
Today, patients are more informed about their health and want to dig deeper into the details about their health issues. People demand more transparency in the activities they are part of. Healthcare industry can learn from the other companies like banking and airline, which are providing more control to the consumers. On the other hand, consumers need to be aware of the fact that the health system is constantly evolving and they implement better methods of treatment based on the evidence. Accurately designed and conducted research is the foundation of credible medical knowledge and mobile technology with patient engagement can aid this process to reach new