7 Healthcare Trends for 2018
Healthcare is rapidly changing. From new technologies to new payment models, healthcare providers are looking at ways to deliver better care at lower cost. Here are seven trends to watch out for in 2018.
1) Shift from fee-for-service
Medicare and private insurers have been steadily moving away from the fee-for-service model, in which doctors are paid for each service provided. Under this model, there was no incentive for doctors to keep costs down or avoid unnecessary tests, so the system resulted in costly overuse of services. The new approach is to pay flat fees per patient or group of patients, giving doctors an incentive to provide high-quality care while keeping costs under control. The number of physicians’ practices that receive payment through such alternative models nearly doubled between 2013 and 2016, according to a survey by the Physicians Advocacy Institute and Avalere Health.
2) Technology-enabled care
Telemedicine has been around for years, but it’s finally become mainstream, with over half of all U.S. hospitals offering telehealth services in 2017, up from just 11% in 2014. The big news this year is the emergence of virtual reality (VR) telemedicine: a pilot program at the University
Here are 7 trends in healthcare to watch in 2018.
1. Costs will continue to rise
Healthcare costs are continuing to rise, with the overall healthcare expenditure predicted to reach $3.65 trillion in 2018, according to a recent report from the Centers for Medicare and Medicaid Services (CMS).
“The growth rate is expected to slow from 2017 levels, but still be higher than the overall economy,” says Molly Gamble, editor-in-chief of Healthcare Business & Technology magazine. “The slowing growth is attributed to consumers shifting more of their healthcare spending to lower-cost options.”
2. Virtual care will become mainstream
Virtual visits are here to stay and will become mainstream in 2018.
“Consumers are more comfortable with the idea of going online for their care needs,” says Gamble. “And providers are more comfortable providing care virtually now that they have had a few years of experience under their belt.”
3. More M&A activity among health insurers and hospitals
Expect to see more merger and acquisition (M&A) activity among health insurers and hospitals in 2018.
“Providers want better payer relationships as they move toward value-based reimbursement models,” says Gamble. “Payers want access to the provider networks that come with hospital
Healthcare is always evolving, but 2018 will see some major changes that will affect the way healthcare is delivered and administered. Here are seven healthcare trends that we can expect to take shape in the coming year.
1. The rise of telehealth
2. A new emphasis on primary care
3. Advances in personalized medicine
4. Artificial intelligence takes a bigger role
5. More non-traditional players get involved in healthcare
6. Healthcare fraud will continue to be a problem
7. Patient financial liability will rise
Healthcare spending continues to rise at a faster rate than the rest of the economy, and it is expected to continue trending upward in the years ahead, according to a recent report by the Centers for Medicare & Medicaid Services (CMS).
The report says that healthcare spending will grow at an average rate of 5.5% from 2016 to 2025, representing a 1.1% increase from last year’s projection. At this rate, healthcare spending is projected to reach nearly $6 trillion by 2026, or nearly one-fifth of the U.S. economy.
A major contributor to this spending is technology: new treatments and services are helping patients live longer, but they come with a price tag. “The key question for policy makers and society overall is whether that additional spending is worth it in terms of improvements in health,” says John Hargraves, executive director of the Center for Health Policy and Healthcare Research at George Washington University.
So what can we expect in 2018? Here are 7 trends that could have an impact on your healthcare costs throughout the year.
In 2017, the healthcare industry began to feel the effects of a new administration, a new Congress and a new approach to healthcare reform. Unfortunately, those efforts failed to pass muster with lawmakers. This means that many of the changes that were proposed in 2017 were either repealed or halted by the courts.
But even though Congressional action didn’t go as planned this year, other parts of the healthcare industry did experience change. The following are seven healthcare trends that will continue to impact our lives in 2018 and beyond.
1. Telehealth Services
2. Smaller Hospitals = More Consolidation
3. Retail Clinics Get a Boost from CVS-Aetna Merger
4. Healthcare Costs Will Continue to Rise
5. Doctors Become Employees
6. Americans Will Live Longer
7. Healthcare Industry Gets More Tech-Savvy
If you’re a healthcare professional, 2018 will bring new challenges and opportunities. In this blog post, we’ll discuss the top healthcare trends for 2018 and beyond and how these trends will affect hospitals, clinics, doctors, patients, insurance companies, and other related parties.
1. The shift to value-based care
3. Population health
4. Data analytics
5. Improved patient experience
6. Virtual visits
Want to know what healthcare will look like in 2018?
As the year comes to a close, it’s always a good idea to take a quick glance at what’s coming up next. I have been covering healthcare and health IT for more than 10 years and believe 2018 will be a year of continued change for consumers and providers alike.
1. Consumerization of healthcare: With high-deductible plans still on the rise, consumers are taking more control over their healthcare decisions. In fact, according to the 2017 PwC Health Research Institute (HRI) report, “Healthcare consumerism is being driven by patients who increasingly demand choice in care providers, convenience and price transparency.” This means that patients are using technology and tools like Yelp reviews to find doctors and compare prices, so it’s no wonder that some are calling 2018 the “year of healthcare consumerism.”
2. Virtual care: The number one thing consumers want is convenience and access to services when they need them. With the rise of virtual care, including telemedicine services, patients can get medical advice 24/7 with no need to visit an office. In fact, according to PwC HRI’s Top Health