Millennials: A Catalyst for Innovation in U.S. Healthcare

TripleTree is a proud sponsor of the Silicon Valley Boomer Venture Summit.

Millennials?  Why should I care about the impact of millennials on U.S. healthcare? 
 
As the single largest U.S. demographic, this group is just beginning to engage the healthcare system, and they bring a unique set of expectations and experiences to the industry. To no one’s surprise, those expectations and experiences can challenge a healthcare delivery system that has transformed itself to support an aging population and increasing government regulation.  The reach of millennials will also extend into caregiving as some millennials bring their perspective about technology and convenience to their role as family caregivers.  Finally, it’s important to better understand the millennial generation as they become the largest demographic in the workforce, helping shape how healthcare is delivered to an aging population.
 
In this Industry Perspective, TripleTree looks at this emerging powerhouse age cohort and begins to unpack how this group of healthcare consumers is driving innovation, engagement, and investment in the U.S. healthcare industry. Millennial expectations about information, convenience, transparency, and connectedness have helped this group disrupt and transform other industries. Their experiences have shaped their vision of the future and created a desire for ongoing innovation and efficiency.

TripleTree is an independent merchant bank focused on mergers and acquisitions, financial restructuring, and principal investing services. Since 1997, the firm has advised and invested in some of the most innovative, high-growth businesses in healthcare.

Millennials are the largest and most diverse generation in America. These 83+ million consumers will impact healthcare for years to come.

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