2019 US and Global Health Care Industry Outlook



As health care industry leaders look to shape the future of care and establish a sustainable smart health community, how can they better collaborate with stakeholders—both within the health care ecosystem and those in converging industries?

As the US health care industry moves toward a financial model that is based on value rather than volume, keeping people healthy and out of the hospital will be key. In a fee-for-service (FSS) model, health systems generate more revenue when patient volume increases. But under a value-based model, a person who shows up at an emergency room or a doctor’s office becomes an expense rather than a source of revenue. Rather than seeing people as patients, health systems should treat them more like members. This shift can help strengthen customer loyalty, build brand and reputation, and even improve the health of our nation.
As the industry continues to move toward this value-based system, here are a few trends US health care organizations should watch in 2019:
  • Collaboration between health systems and health plans
  • The shift to wellness rather than illness
  • How technology can help put patients at the center
  • Increased adoption of virtual care options
  • Greater focus on population health
Our 2019 outlook reviews the current state of the global health care industry and explores key trends and issues impacting care providers, governments, payers, patients, and other stakeholders. How can these industry players play a more active role in shaping the future of health? 
The adage, “What goes up, must come down,” isn’t likely to apply to the global health care sector in 2019. Aging and growing populations, greater prevalence of chronic diseases, exponential advances in innovative, but costly, digital technologies—these and other developments continue to increase health care demand and expenditures. Health care stakeholders—providers, governments, payers, consumers, and other companies/organizations—struggling to manage clinical, operational, and financial challenges envision a future in which new business and care delivery models, aided by digital technologies, may help to solve today’s problems and to build a sustainable foundation for affordable, accessible, high-quality health care. This vision may have a greater probability of becoming a reality if all stakeholders actively participate in shaping the future— by way of shifting focus away from a system of sick care in which we treat patients after they fall ill, to one of health care which supports well-being, prevention, and early intervention.
This 2019 outlook reviews the current state of the global health care sector and explores trends and issues impacting health care providers, governments, payers, patients, and other stakeholders. It also outlines suggestions for them as they seek to redefine the health care ecosystem and looks at examples from the market.
The emergence of personalized medicine, increased use of exponential technologies, entry of disruptive and non-traditional competitors, the demand for expanded care delivery sites, and revamped payment and public funding models are all impacting the financial performance of the health care ecosystem. Between 2017-2022, global health care spending is expected to rise 5.4 percent annually to just over $10 trillion.
Health care providers are stressing rigorous financial management, efficient operational performance, outcomes-based care, and innovative solutions to help address this rise in spending. Developing public-private partnerships, investing in prevention and well-being, and learning from industries outside of health care will also be key. Explore health insurance plans harrisburg and get the best plans for your family, if you want to know more details then please send your queries in the comment section.

Comments

  1. AnonymousAugust 20, 2019 at 2:45 AM

    Everybody with health insurance should have a doctor who will oversee their medical care. That means you will need to find a doctor, also called your primary care physician who is taking on new patients.Best health insurance harrisburg

    ReplyDelete

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