Translational Software has released an API that allows apps to pull data on drug-drug-gene interaction. At the point-of-care, clinicians can use gene-drug, and drug-drug interaction data to make informed decisions on care. Genetic testing has become an increasing tool in clinicians' routine care.
Every year, Americans spend more than $3 trillion on healthcare, a figure that is projected to rise to $5 trillion in the next decade. With healthcare spending approaching 20% of the U.S. GDP, a huge effort is underway to control costs. Not surprisingly, many believe that technology has a key role to play in increasing efficiency and reducing unnecessary expenditures, and significant investments in technology are creating opportunities for healthcare technology businesses.