While doing research one of the major healthcare trends identified in the United States is the expected
increase in an elderly patient population. As the baby boomer generation reaches older age, they get
more and more chronic illnesses, and require more health care. Within the next decade, the number of
people with cardiac illness is expected to double (Global, 2020). d this places a burden on a healthcare
system that is already stretched thin with COVID, nursing shortages, and budget cuts (Global, 2020).
This places a higher financial burden on the healthcare system as more patients require more complex
care to treat their chronic illnesses. Another implication on the healthcare system is the need for more
nurses. The nursing shortage this country has endured even prior to COVID, has only continued to
worsen throughout the pandemic. For acute care hospitals this is especially concerning as their
resources are already stretched thin and the system will need to adapt to meet the needs of a growing,
critically ill population. This requires redistribution of finances to assure proper staffing, more
equipment, and more hospital beds/rooms to accommodate these patients.
Value-based care is a healthcare approach that is gaining traction in the United States.As a result,
healthcare practitioners are being compensated for what they offer and this might have a variety of
effects on healthcare organizations' financial planning. This might encourage healthcare practitioners
to prioritize preventative treatment, which would ultimately save the organization money.Providers
would be compelled to avoid unneeded tests and treatments, which might lead to more cost-effective
care. Finally, providers would be compensated based on the outcomes of their treatment rather than
the amount of services they give. This would help limit total expenditures.
One healthcare trend that is gaining traction in the United States is the shift toward value-based
treatment. This might have a variety of effects on healthcare organizations' financial planning. This
might encourage healthcare practitioners to prioritize preventative treatment, which would ultimately
save the organization money. Providers would be compelled to avoid unneeded tests and treatments,
which might lead to more cost-effective care. Finally, providers would be compensated based on the
outcomes of their treatment rather than the amount of services they give. This would help limit total
expenditures.
There are a number of financial planning concerns for healthcare companies as a result of the shift to
value-based care. This may save the organization money in the long term by encouraging providers to
concentrate on preventative treatment. Providers will be compensated based on the quality of their
services, rather than the amount of tests and procedures they offer, which encourages better care and
reduces total costs for everyone involved. Value-based care is a healthcare approach that is gaining
traction in the United States
In United States, a shift toward value-based healthcare payment is beginning to take hold. Providers
are compensated based on the quality of the treatment they offer rather than how many services they
do. There are several financial planning options available to healthcare companies as a result of this
transformation. Preventive treatment, for example, may save providers money while providing
patients with improved long-term health results. It's also possible for them to reduce total expenses by
being rewarded for providing efficient treatment via fewer unneeded procedures and testing.
These healthcare trends illustrate that the sector isn't simply about providing patients with high-
quality treatment. It's no secret that healthcare businesses are always seeking for ways to cut expenses
and save money. A healthcare organization's financial planning may have to alter as a result of these
developments.
Reimbursement in the healthcare industry has lately shifted toward value oriented models, rather than
fee-for service structures. These new models encourage clinicians to concentrate on prevention rather
than treating chronic health issues. Patients will get better treatment at cheaper prices as a result.
As the healthcare industry shifts toward value-based care, financial advisors will need to be ready to
assist their clients in making the necessary adjustments.
Financial planning in the healthcare industry is affected in numerous ways by the shift to value-based
care. This might encourage healthcare practitioners to prioritize preventative treatment, which would
ultimately save the organization money. Providers would be compelled to avoid unneeded tests and
treatments, which might lead to more cost-effective care. Finally, because providers would be
rewarded based on the outcomes of their treatment rather than the amount of services they give, it
might help limit total expenditures."
In the healthcare business, value-based care is a major trend. To put it another way, healthcare
professionals and insurers are getting compensated depending on how well their patients are doing
and how happy with their services. Health care organizations have a wide range of challenges when it
comes to financial planning. It may, for example, encourage clinicians to prioritize preventative care,
which could save the organization money in the long term. Providers would be compelled to avoid
unneeded tests and treatments, which might lead to more cost-effective care. Finally, because
providers would be rewarded based on the outcomes of their treatment rather than the number of
services they give, it might help limit total expenditures."
A healthcare organization's financial planning may be affected by the shift toward value-based care.
For one thing, it might encourage clinicians to concentrate on preventative care, which could save the
organization money in the long term since patients would need fewer treatments. As a result,
providers would have a greater incentive to avoid unneeded tests and treatments, which might lead to
more efficient care. Finally, providers would be rewarded based on outcomes rather than the amount
of services they give. This would help limit total costs.
The shift to value-based treatment is one growing trend in healthcare today. If the quality of care
delivered is valued above quantity, providers will be compensated accordingly. A company's
financial planning might be affected in a number of ways by this. Preventative treatment might save
money in the long run as a result of this policy. There is a possibility that it may improve the quality
of care, since providers would be motivated to make every treatment count for something. A system
that rewards efficiency and quality over quantity may also help keep expenditures under control.
Value-based care has the potential to both raise the quality of patient care and reduce costs for
healthcare providers. Preventive care activities may be incentivized by rewarding providers. Another
strategy is to promote more efficient procedures across the company.
One healthcare trend that emerged since the beginning of the pandemic was telehealth/virtual visits.
These visits took place of regular doctors’ visits so that despite the pandemic, people could still be
seen by their regular doctors for chronic care management as well as acute care management. So why
was telehealth never really a thing prior to the pandemic? Well, demand for it wasn't really there, and
I also think a lot of people didn't know that seeing their doctor through facetime or through their
phones/laptops/ipads was even possible. "The Covid-19 crisis, for all the death and damage it has
caused, has forced America’s slow and cumbersome health care system to become nimbler and
accommodating to patients, who are suddenly free to use video conferencing apps or dial up their
doctors to get care in their living rooms and on their own terms. It has not just made care more
convenient, but also allowed many patients to resolve medical problems without visiting emergency
rooms or urgent care clinics." (Taylor et al., 2021). Another reason telehealth wasn't big prior to the
pandemic was due to the financial side of it; physicians just weren't reimbursed the same for
telehealth visits as they were for in-person visits. Why would a doctor offer a service that made them
less money? Fortunately, during the pandemic, the way these visits were billed and reimbursed
changed; telehealth visits were billed and reimbursed the same as regular doctors’ visits thanks to a
change the federal government put into place: "Hospitals and physician practices rely on
reimbursements for visits and tests and other care provided in person to stay in business. While the
pandemic forced the sudden shift in care, it could only happen because the federal government
temporarily relaxed regulations and boosted reimbursements for telehealth services." (Taylor et al.,
2021). Other the financial implications surrounding telehealth visits, there are a few other barriers to
such appointments with an individuals medical doctor, and these include no access to internet or
technology for the visit, as well as lack of hands-on medical assessments by the provider. There is
only so much assessing you can do through a facetime call, in my opinion, and certain medical
situations warrant an in-person evaluation. It is very difficult to diagnose something acute going on
with your patient without being able to assess them in person; how can you tell if someone has a lung
infection without listening to lung sounds? If someone has an ear infection without looking into the
ear? These telehealth visits while convenient, they do have their limitations. Despite the financial
implications and the limitations of assessment, I do believe telehealth visits are important to many
patients, and doing away with this service would have negative effects on the many patients that rely
on them. I hope something can be done about how these visits are reimbursed in the long-term so we
can keep them as an available option, and ensure providers are also willing to continue to offer them.
References
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learners to address healthcare needs using telehealth. Journal of Osteopathic Medicine, 122(1), 15–
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Nusselder, W. J. (2018). Trends in health inequalities in 27 European countries. Proceedings of the
National Academy of Sciences, 115(25), 6440-6445.
2.Burch, R., Rizzoli, P., & Loder, E. (2018). The prevalence and impact of migraine and severe
headache in the United States: figures and trends from government health studies. Headache: The
Journal of Head and Face Pain, 58(4), 496-505.
3.Smith-Bindman, R., Kwan, M. L., Marlow, E. C., Theis, M. K., Bolch, W., Cheng, S. Y., ... &
Miglioretti, D. L. (2019). Trends in use of medical imaging in US health care systems and in Ontario,
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Global Ambulatory Healthcare Service Market Growth, Trends, and Forecasts Report 2020-2025:
Increasing Geriatric Population and Rising Prevalence of Chronic Diseases -
ResearchAndMarkets.com. (2020, October 22). Business Wire.
