What are the current trends and challenges within the healthcare systems?
The endlessly challenging demands brought on by the COVID-19 pandemic set the evolution of the modern healthcare environment in motion. Patient surges, staffing shortages, and the need for rapidly-changing procedures all came together to inspire change at every level. Beyond that, government regulations and big tech innovations complicated matters further. Show
So, while treating your patients remains paramount, the modern healthcare environment now demands so much more from your medical practice. Physicians have to step beyond the basic caregiver role to truly exceed their patient’s expectations. They’re now tasked with being tech experts, cybersecurity heroes, financial gurus, patient experience marvels, and so much more – they really cannot do it alone. Your policies, certifications, and procedures must evolve with time and with changes in government compliance. Otherwise, current healthcare issues could impact the patient experience, the efficiency of your operations, and your bottom line. To enact all the right changes, you must first explore all the biggest challenges physicians face today. To help you out, here’s a look at nine major challenges in healthcare to overcome — and all the leading solutions. Cybersecurity ThreatsYour patients trust you to securely hold onto all their most personal data, including personally identifiable info, medical records, and payment methods. Unfortunately, the rising risk of cybersecurity attacks endangers all that data – and the reputation of your healthcare center. In 2021, the rate of cyberattacks against healthcare centers tripled. Nearly 50 million people had their protected healthcare data breached as a result, resulting in costly shutdowns and the erosion of patients’ trust. Yet, to this day, almost half of all devices used in healthcare settings remain vulnerable to cybersecurity threats. But it doesn’t have to be that way. You can help protect your patients’ data by taking these measures:
Telehealth ImplementationAs evidenced by its rapid growth in 2020, telehealth was key in providing patient care while managing the risk of COVID-19 transmission. In response, virtual visits peaked in April 2020 at 78 times higher than their prior rate. Since that initial jump, telehealth visits have stabilized at 38 times higher than pre-pandemic levels, showing their popularity with patients. And that’s a great thing. The improved accessibility to healthcare makes it easier for physicians to help patients manage their conditions. Plus, the virtual visits allow you to handcraft the ideal patient experience every time. More than 75% of patients show interest in telehealth, yet utilization rates remain in the 50% range. To close the gap, you just need to:
Invoicing and PaymentsWith all its medical jargon, complex coverage rules, and ever-changing approaches, the healthcare billing world doesn’t make much sense to patients. Over 70% of patients find both the insurance explanation of benefits and their portion of the bills wholly confusing. On top of that, medical bill management portals rarely align with your patients’ payment preferences. Late or altogether missing payments then occur as patients fail to find a way to manage their bills. Your revenue cycle management abilities decline in response, leaving you trying to find a way to keep your clinic afloat. To overcome this issue, you could:
Price Transparency MandateIn response to patient complaints about surprise billing issues, the Centers for Medicare & Medicaid Services created the Hospital Price Transparency mandate. Although enacted in early 2021, only 5% of hospitals have achieved full compliance. Worse yet, more than 50% still don’t publish the rates negotiated with insurance companies. Patients remain completely in the dark about their healthcare costs – and many are not standing for it. While the mandate only affects hospitals, healthcare centers of all sizes, including solo practices, are feeling hurt as a result. In the coming years, you can expect to see patients looking into the price of your healthcare services before deciding where to get care. To better service your patients, consider:
IT Healthcare InvestmentsAlongside the push for healthcare pricing transparency, patients want healthcare centers to eliminate wasteful spending. With up to 25% of health spending deemed wasteful, there’s the potential for big savings over the years. Although the waste factors are numerous, administrative complexity, poor care coordination, and low-value care add up to a stunning $444 billion in excess spending every year. IT healthcare investments, like EHR software, can help minimize excess spending at every level of the healthcare world, including small private practices. As you employ key tech software for your clinic, operational costs decrease, especially at the administrative level. In response to patient actions, the software can automatically handle many of your key day-to-day management tasks, including scheduling, care coordination, and billing. To minimize excess spending at your clinic:
Patient ExperienceA positive patient experience is a must if you want to boost care outcomes, retention rates, and profitability. When given favorable care experiences, your patients are more likely to adhere to medical advice. Better healthcare outcomes follow, boosting patient retention rates and lowering malpractice risk. But what does an excellent patient experience look like? Oftentimes, it all starts with self-service systems, like EHR software with online patient portals. Through these systems, your patients can conveniently make appointments, speak with healthcare professionals, and manage their bills. The software helps streamline your physicians’ workflows as well, so they can provide timely services while expertly coordinating care. To handcraft the perfect patient experience:
Effective Payment ModelsIn the past, healthcare centers solely relied on the fee-for-service payment model for reimbursement. If you’re using that model, your profitability largely depends on getting more patients through the doors and completing key procedures. Within that model, your physicians are not incentivized to promote preventative care and work within a coordinated care team. In recent years, the value-based payment model has started to take hold instead. This model largely aligns reimbursement rates with patient outcomes. Although only 15% of physicians have made the switch, the results speak for themselves. Patients seeing physicians using the value-based model get a higher quality of care, including better management of all their chronic conditions. To overcome this challenge:
Healthcare Regulatory Changes The COVID-19 pandemic brought forth many seemingly temporary regulatory changes in the healthcare world. Regulations on telehealth services were lifted, for example, which improved healthcare accessibility but left questions about future regulation. Through that process, regulators set their sights on further emphasizing innovation across the healthcare sector. Existing standards will undoubtedly change as a result, especially when it comes to improving healthcare accessibility, affordability, and quality. So, you’re going to need to stay on your toes to keep up with the ongoing regulatory changes in the coming years. To keep your healthcare center aligned with HIPAA rules, Medicare reporting, and so much more:
Healthcare Staffing ShortagesHealthcare staffing shortages started in earnest during the pandemic and they’re not likely to end any time soon. A recent study by the Association of American Medical Colleges forecasts a shortage of up to 104,900 physicians by 2030. As your physicians retire at rapid rates, your patient population will continue to age and grow. Their healthcare demands will steadily outpace the number of primary care and specialty providers as that occurs. Keeping up with the increasing demand will likely become one of the biggest challenges physicians face while serving their patient populations. You can help them best handle the demands by:
What Can Be Done to Help You Overcome Challenges in Healthcare?Although change can prove difficult, it’s vital that you address all the challenges one by one. For the best results, consider taking a holistic approach to overcoming current healthcare issues by setting up a fully-integrated EHR solution. With EHR software in place, you instantly upgrade your cybersecurity, care approach, payment models, and so much more. Customizable workflows promise to keep physician burnout at bay while improving the patient experience across the board. To get started, you’ll need to set up a demo to see if cloud-based EHR software will work for you. Through that process, you can explore all the ways the EHR system can help your healthcare facility keep up with industry changes. Here are some helpful resources to look into:
What are the main challenges to the current system of health care?5 Current Issues in Health Care and What Administrators Can Do. The High Cost of Health Care. The problem: Perhaps the most pressing issue in health care currently is the high cost of care. ... . The Concerns of Health Equity. ... . The Promise (and Pitfalls) of Technology. ... . The Move Toward Value-Based Care. ... . The Growing Provider Shortage.. What are the current trends and challenges within the healthcare systems you can choose one or more )?The healthcare industry has six big challenges ahead in 2021: rightsizing after the telehealth explosion; adjusting to changing clinical trials; encouraging digital relationships that ease physician burdens; forecasting for an uncertain 2021; reshaping health portfolios for growth; and building a resilient and ...
What is the major trend in the healthcare industry today?Remote monitoring.
Doctors, nurses, and other caregivers can easily check in on a patient's condition using medical IoT devices, AI, and telehealth appointments. They can use real-time health data and metrics to gain insight into their patient's overall health picture.
Which examples describe current trends in the health care industry?The advancements in the healthcare industry range from e-consultations, telemedicine, real-time diagnosis to accessing digital therapeutics provided by immersion technology tools. Genetic analysis, clinical data storage, and big data and analytics enable the development of precision medicine.
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