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Current Trends in the American Healthcare Industry

As the years go by, there are numerous changes that happen in the health care industry. Based on the predictions made by analysts and leaders some of the current trends the industry is experiencing include:

New business models for companies – mobile, social, cloud and analytic tools have changed how health care professional interact with each other and their patients. This means that they have to take this into consideration to come up with effective business models that will bring in more revenue and enhance customer service relations.

The demand for price transparency continues to rapidly grow – this is a need that is fueled by the newly introduced health care exchanges. This means that cost conscious health care organizations will have to make transparency one of the top priorities when it comes to negotiations with health providers and plans.

This may also cause the companies to reconsider their business models and roles. This can be simply done by expanding revenue streams and expanding the footprint. For instance insurers can acquire providers and there are some providers who are also venturing into the insurance business. Companies may have to start operating like start-ups where they have to experiment with different things to get the one that works best for them.

When it comes to employers, the health care industry is also demanding a workforce that is digitally savvy. This is one that is able to leverage technology when engaging with the patients.

More employers are also into the business of exploring the potential of private exchanges. Drug makers are also not left behind, as it seems like they are embracing the alternative clinical trial designs in face of focus on specialty products and precision of medicine.

When thinking about becoming a professional health care provider who will showcase expertise and be on top of all the trends that are affecting the industry, do not hesitate to sign up with Charter Health Care Training Center.

5 Responses so far.

  1. Denise says:

    Enjoyed your article on the trends in healthcare but was surprised to remark that you have missed the biggest and most spectacular trend: The Global Rise of the e-Patients. The way medicine changes is driven by the changes that have started timidly some five years ago in the relationship between patient and doctor. This new relationship (it has made the object of two workshops in the recent international conference that took place in Paris in June) is built on a sense of trust.

  2. Denise says:

    The new vision for health care isn’t just about access, quality and affordability. It’s also about social and financial inclusion. Health care systems often treat patients as numbers instead of as people who would live better with the right resources. One change that makes up the new business model is the use of mobile technology for health care savings, distribution and payments. This methodology will, in less than five years, provide inclusion to millions currently outside the health care and health insurance space, all while reducing administrative costs by as much as 50 percent.

  3. Jason says:

    This brings to mind a recent article, the longest article in the history of Time magazine. In it, Steven Brill asked a simple question: why are health care bills so high? While Brill used 26,000 words in this landmark and important article to reveal the unconscionable and unexplainable pricing at hospitals across the nation (from a $1.50 for a single Tylenol pill to $77 for gauze pads), the truth is that CEOs of companies, big and small, who pay the healthcare bills for their employees have known about the health care pricing problem for years.

  4. Marian says:

    It’s apparent that while today’s news is bombarding us with headlines about Healthcare.gov, the Affordable Care Act isn’t just about insurance coverage. The legislation is also about transforming the way health care is provided. Consequently, it has ushered in new competitors, services and business practices, which are in turn generating substantial industry shifts that affect all players along health care’s value chain. You have to read about all the continual changes in order to keep up.

  5. Shannon says:

    With the rollout of Obamacare, the national focus of healthcare technology has unfortunately revolved around the implementation challenges of the federal health insurance website. This narrow attention ignores some of the more exciting developments in this rapidly changing industry. But I truly believe that greater industrial transparency will lead to better outcomes and lower costs. Shopping for healthcare is a task many consumers dread. Access to high quality information to make informed decisions is unfortunately still in its infancy.

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