Tuesday, August 14, 2007

Health Savings Accounts: Will Create 40 Billion in New Business Opportunities!

Consumer-Directed Healthcare Will Create $40 Billion in New Business Opportunities

August 14, 2007 - PRNewswire, ChicagoConsumer-directed healthcare plans don't have a reputation for being particularly consumer-friendly. In fact, the demand from consumers and employers for a better health/wealth experience -- from saving and paying for healthcare to making informed choices about treatment alternatives -- is creating $40 billion in new revenue opportunities for financial services firms and healthcare companies over the next five years, according to Diamond Management & Technology Consultants, Inc. ."Consumers and employers can expect a lot of innovation from healthcare companies and financial services firms," predicted Aamer Baig, partner and co- lead of Diamond's Financial Services Practice. "Those innovations might include powerful tools for families to manage their retirement and healthcare finances, quickly confirming insurance coverage before making a doctor's appointment, collecting information about treatment alternatives specific to each consumer's situation, and then paying for service from a special account before leaving the clinic."