Goldman Sachs forecasts healthcare revolution to save America $300 billion: 5 things to know

Analysts at Goldman Sachs predicted digital healthcare will revolutionize the industry by increasing access to care as well as by reducing costs, according to Business Insider.

Here are five things to know:

1. Known as the Internet of Things, the "first wave" of healthcare IT is seen in technologies that bridge "the digital and physical worlds to change physician and patient behavior," said Goldman analysts, cited by Business Insider.

2. Goldman also sees immense opportunity in telehealth, behavior modification and remote patient monitoring.

3. In total, Goldman analysts project a possible savings of $305 billion from digital healthcare and up to $200 billion of that amount can come from chronic disease management, according to the report.

4. The digital healthcare market could see as much as $32.4 billion in near-term revenues.

5. The report also noted large shifts take time to materialize, but Goldman was surprised that so many physicians, hospital networks, payers and start-ups were willing to explore digital health as "a viable component in daily healthcare practice."

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