Trump administration courts investors in broad effort to combat rising healthcare costs

HHS Deputy Secretary Eric Hargan has created the Deputy Secretary's Innovation and Investment Summit, a yearlong project aimed at attracting investors to healthcare initiatives that can help lower healthcare costs, according to CNBC.

Mr. Hargan is still deciding who will be invited to the summit, which he plans to convene for the first time in December. More than 300 people have applied for 12 spot to attend. The summit will give attendees access to President Donald Trump's administration and a chance to pitch innovative new ways to drive value-based, lower-cost care.

"Whether it's in digital health, new drugs, health [technology], new payments models, managing patient population — all those things are crucial to continuing to improve people's lives. Much of that is driven by the investors," said Mr. Hargan. "Is there some way in which what we're doing, whether it's on regulatory side or the reimbursement side, is signaling to them, invest here [or] put your money over there? We don't have a lot of insight into that."

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.