What You Ought to Know:
– A brand new study by HFS Research, in partnership with Cognizant, examines the evolving panorama of US healthcare supply, specializing in well being system consolidation and the methods mandatory for fulfillment.
– The study, which incorporates insights from over 150 well being system CXOs, paints an image of an trade dealing with important challenges and present process fast transformation.
Key Challenges and Transformations
US well being programs are adapting to ship more and more complicated care whereas optimizing useful resource utilization. Nonetheless, they face a confluence of challenges, together with value pressures, clinician and workers shortages, regulatory burdens, an getting old inhabitants, rising power illness prevalence, and the growing value of care.
To navigate these challenges, the healthcare supply panorama is present process a fast reconfiguration, characterised by consolidation, vertical integration, and hospital closures. The research reveals {that a} important variety of well being programs have engaged in mergers and acquisitions lately, and this development is predicted to proceed.
The Position of Expertise and Working Fashions
Expertise and progressive working fashions are recognized as vital for profitable consolidation. Well being system leaders see expertise as important for each medical and enterprise operations, with a rising emphasis on the potential of AI.
The report emphasizes the necessity for well being programs to maneuver past conventional approaches and undertake new enterprise working fashions. These fashions needs to be versatile, scalable, and designed to deal with evolving market wants. Key parts embody enterprise-scale operations for shared providers, innovation frameworks, knowledge governance, and strategic partnerships.
Concentrate on Progress and Affected person Expertise
Well being programs are exploring numerous methods to drive income progress, together with enhancing affected person and supplier expertise, increasing entry to care, and fascinating instantly with self-insured employers. Whereas affected person expertise is acknowledged as essential for progress, well being programs usually battle with inconsistent approaches on this space.
Wanting Forward
The research concludes that well being programs are at an inflection level, with consolidation and vertical integration anticipated to speed up. To thrive on this evolving panorama, well being programs should prioritize the event of latest working fashions, embrace expertise, and pursue methods that improve effectivity, enhance affected person care, and guarantee long-term sustainability.
