Kalorama Information research recently published a list of seven disruptors that they believe will affect the global healthcare sector in the coming 10 years. The disruptors are not the usual analysis of the technology or drug development of the healthcare sector more the macro factors that will significantly influence the future direction of the industry. What comes out loud and clear is that the cost of healthcare is out of control at a time when more people are being diagnosed and treated.
Kalorama’s top seven disruptors:
- Trump Administration: The firm pointed specifically to ongoing attempts to repeal and replace the Affordable Care Act, as well as health IT policies, and statements about drug pricing as factors that could trigger disruption.
- Brexit and its impact on European markets: Much the way Brexit has already sent a ripple throughout Europe, and with so many healthcare firms there, Brexit changes could potentially impact many markets, Kalorama said.
- Rising rates of disease diagnosis and treatment: More patients globally are being diagnosed with a wider range of diseases. Healthcare systems will be taxed with treating a growing number of people moving forward.
- Mergers and acquisitions: As happens in so many industries, the high rate of mergers will continue in healthcare as companies seek growth by acquisition, new technologies and expertise. Exactly how the industry consolidation will happen remains to be seen but hospitals executives should plan for more of it in the future.
- High and rising out-of-pocket spending on healthcare: There’s little debating that health expenses in the U.S. are out of control and the rising rates of out-of-pocket spending will only make that reality more unpredictable and, in turn, planning and forecasting more complex.
- Physician shortages: Whether it’s because of burnout, physician’s retiring or the wave of hospitals acquiring solo doctors and medical practices, the supply of clinicians appear to be threatened and that will challenge hospitals, particularly with projections of more patients in the system.
- The Gig Economy: The health care delivery and insurance systems will have little choice but to keep pace with the growing legions of job-to-job workers and adapt to meet their unique needs in the age of consumerism.
This article was attributed and provided by PG International