Popular on Rezul
- No Limits Method Revolutionizes Neurodivergent Education Through Embodied Cognition - 105
- Corner Property Management Welcomes Seneca Reserve HOA!
- Kaplan Morrell Applauds Passage of Landmark Workers' Compensation Reform in Colorado
- First AI Marketing Platform Built Specifically for Small Businesses Launches Public Beta
- TEDxInglewood Returns to The Miracle Theater on August 9, 2025 — Celebrating Bold Ideas and Community Energy
- Rediscovered Christopher Lee Recording 'Elenore' Re-Released to Mark 10th Anniversary of His Passing
- Honoring Black History, Culture, and Community in Fall River
- Conexwest Expands Single-Phase Cold Storage Lineup: Versatile Solutions for Diverse Temperature Needs
- Manhattan Boutique Real Estate Collaborates with InterContinental Hotels NYC in a Branding Partners Personalized Approach
- Token-Operated Sake Service Opens at Tobu Nikko Station
Similar on Rezul
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
Braeden Lichti - What's Next for the Healthcare Sector?
Rezul News/10487352
VANCOUVER, British Columbia - Rezul -- The pandemic has highlighted the macro-level challenges of the healthcare landscape – legal, regulatory, and economic obstacles and enablers. These were issues that existed before the pandemic, but as COVID-19 continues, the need to tackle these issues will only increase in relevance for health care systems, hospitals, and health care plans in order to best serve stakeholders.
According to Deloitte, healthcare spending is expected to rise by 5% annually from 2019-2023. Yet, there are several aspects of the industry that require reform in order to deal with the rising costs of health care, including the rising cost of health care management. Here are a few trends in healthcare that can help improve the health care experience for patients while also benefiting healthcare providers and streamlining health care.
Here are a few future trends anticipated in the healthcare industry.
Payment Reforms
Health care payment reform is one focus area -- as costs increase, the need to achieve less with more will prove more important. Value-based payment models may present a better alternative to existing payment models because, as Deloitte writes, they can help "providers, payers, and patients achieve the best outcomes at the lowest cost."
More on Rezul News
Consumer-Focused Health Care
Beyond payment reforms, healthcare providers must continue to focus on the consumer and move towards patient-centered rather than clinician-centered care. The shift to patient-centered care includes improving health care convenience and access, for example, via telehealth and digital tools. Consumer-focused efforts can also drive down costs for the patient, while improving quality of life and patient outcomes. They can also streamline the health care process, which makes things easier for health care providers.
Interoperability is another aspect of consumer-focused health care that makes it easier for patients to have access to their health care records – as well as easier for their files to be transferred from one health care location to another. As technology continues to advance, there is an increased need for electronic medical records (EMR) that can actually provide portability between different institutions. Information sharing reduces bureaucratic barriers to care, reduces doctors' work, and ensures the highest standard of care by providing care providers with the best, most complete EMR information.
Taking Stock of Uncertainties in the Healthcare Industry
Uncertainties such as rising health care costs, changing patient demographics, evolving consumer expectations, new entrants (including nontraditional players such as telemedicine and digital disease management platforms) to the healthcare market, and the complexities of the health and technology ecosystems require a forward-thinking approach to health care, especially in the context of the COVID-19 pandemic, but also in the future.
More on Rezul News
Stakeholders in the healthcare industry must invest in value-based care, innovative models for care delivery, advanced digital technologies such as telehealth, data interoperability, and ways to prepare for the abovementioned challenges.
Improving technology will be a major force in healthcare innovation in the next few months and even years. Artificial Intelligence (AI) and Machine Learning (ML) will continue to help make medical and health care platforms easier to use for stakeholders, and advanced analytics can help accelerate innovation in this space as well.
The future of healthcare, according to McKinsey, includes "consumer-centric personalized, intuitive, and integrated health and social care ecosystems." The current COVID-19 pandemic will differentiate the winners from the losers in terms of balance sheets, company performance, investment in growth, and the ability to adapt and remain resilient in the face of crisis.
Sources:
https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/seven-healthcare-industry-trends-to-watch-in-2020
https://www2.deloitte.com/us/en/pages/life-sciences-and-health-care/articles/global-health-care-sector-outlook.html
https://bmcnurs.biomedcentral.com/articles/10.1186/s12912-019-0337-z
According to Deloitte, healthcare spending is expected to rise by 5% annually from 2019-2023. Yet, there are several aspects of the industry that require reform in order to deal with the rising costs of health care, including the rising cost of health care management. Here are a few trends in healthcare that can help improve the health care experience for patients while also benefiting healthcare providers and streamlining health care.
Here are a few future trends anticipated in the healthcare industry.
Payment Reforms
Health care payment reform is one focus area -- as costs increase, the need to achieve less with more will prove more important. Value-based payment models may present a better alternative to existing payment models because, as Deloitte writes, they can help "providers, payers, and patients achieve the best outcomes at the lowest cost."
More on Rezul News
- Paulding County's Old Mill Preserve Now Open to the Public in Georgia
- Kramer Real Estate: The Boutique Brokerage Quietly Taking Over North Texas
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Salazar Heating, Cooling & Plumbing Launches Water Conservation Initiative to Help Santa Fe Homeowners Cut Water Waste
Consumer-Focused Health Care
Beyond payment reforms, healthcare providers must continue to focus on the consumer and move towards patient-centered rather than clinician-centered care. The shift to patient-centered care includes improving health care convenience and access, for example, via telehealth and digital tools. Consumer-focused efforts can also drive down costs for the patient, while improving quality of life and patient outcomes. They can also streamline the health care process, which makes things easier for health care providers.
Interoperability is another aspect of consumer-focused health care that makes it easier for patients to have access to their health care records – as well as easier for their files to be transferred from one health care location to another. As technology continues to advance, there is an increased need for electronic medical records (EMR) that can actually provide portability between different institutions. Information sharing reduces bureaucratic barriers to care, reduces doctors' work, and ensures the highest standard of care by providing care providers with the best, most complete EMR information.
Taking Stock of Uncertainties in the Healthcare Industry
Uncertainties such as rising health care costs, changing patient demographics, evolving consumer expectations, new entrants (including nontraditional players such as telemedicine and digital disease management platforms) to the healthcare market, and the complexities of the health and technology ecosystems require a forward-thinking approach to health care, especially in the context of the COVID-19 pandemic, but also in the future.
More on Rezul News
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Winners Development Corporation Pioneers Skyscraper In South Dallas
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
Stakeholders in the healthcare industry must invest in value-based care, innovative models for care delivery, advanced digital technologies such as telehealth, data interoperability, and ways to prepare for the abovementioned challenges.
Improving technology will be a major force in healthcare innovation in the next few months and even years. Artificial Intelligence (AI) and Machine Learning (ML) will continue to help make medical and health care platforms easier to use for stakeholders, and advanced analytics can help accelerate innovation in this space as well.
The future of healthcare, according to McKinsey, includes "consumer-centric personalized, intuitive, and integrated health and social care ecosystems." The current COVID-19 pandemic will differentiate the winners from the losers in terms of balance sheets, company performance, investment in growth, and the ability to adapt and remain resilient in the face of crisis.
Sources:
https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/seven-healthcare-industry-trends-to-watch-in-2020
https://www2.deloitte.com/us/en/pages/life-sciences-and-health-care/articles/global-health-care-sector-outlook.html
https://bmcnurs.biomedcentral.com/articles/10.1186/s12912-019-0337-z
Source: Braeden William Lichti
Filed Under: Business
0 Comments
Latest on Rezul News
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Baby Boomer Housing Trend: Big Homes Out, Simplicity In
- Robert Michael & Co. Real Estate Team Lists Pool Home in Hunters Creek, One of America's Top Places to Live
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- Robert Michael & Co. Lists Spacious 6BR Home in Winter Haven, FL
- U. S. Mortgage Rates Drop. Lowest Since May
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- Powell No Rate Changes For Now
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- Final Opportunities for New Estate Homes, up to 2 Acre Homesites at Chattahoochee Reserve in Cumming
- Endoacustica Europe Unveils iPhone 13 Pro Max Spy Phone—Pure Hardware, Zero Software Changes
- Be in a New O'Dwyer Home Before Back to School & Enjoy up to $15,000 Towards Your New Home
- David Weekley Homes to Lift the Curtain on Amenity Package in Georgia's Maple Grove at Towne Lake
- Suzanne Harp named Managing Director in Texas, USA
- $10 Million Acquisition of GXR World Sports Assets Energizes Global Launch of Sports.com Super App by Online Lottery-Sports Game Provider: Lottery.com
- Shop American Made Goods: New Online Marketplace My American Goods Curates the Best of U.S. Made