Advancing Strategic Sourcing and Healthcare Affordability: Our Discovery of the Lacuna Triangle

The United States spends more than 17% of its gross domestic product (GDP) on health care, while other developed countries throughout the world average 8.7% of GDP on healthcare expenditures. By 2028, that percentage in the United States is projected to be 19.7% of GDP.

Yet all this spending apparently doesn’t equate to value, quality, or performance. Among 11 high-income countries, the U.S. healthcare industry ranked last during the past seven years in four key performance categories: admi...