In: Nursing
Your brother-in-law, Representative Howard Hughes, lost his bid for reelection. However, thanks to your efforts, he established himself while in Congress as an astute analyst of the health field and as a consequence, has taken a position as partner at the prestigious Atlanta investment firm of Keller, Keller, Keller, Keller, and Disher. You have decided to take him up on his offer to join him as a manager in the healthcare division. The other partners have little insight into healthcare other than receiving care. Your brother-in-law has been asked to give a presentation on the current status of the health sector and opportunities for investment. Your job is to provide him with infomation on the healthcare industry. Key interest items are in the below questions. To be effective, detail needs to be spectific, complete with sufficient depth and detail. The paper must answer the following questions: How is the role of government likely to change? Will government be more or less involved in the health sector? What impact will increased government involvement have on healthcare as a business opportunity? Where do you see a potential for growth in the health sector? What opportunities would make for wise investments (e.g., hospitals, home health, mental health, rehabilitation services, managed care, physician group practice management, etc.)? Is technology a good investment risk? If yes, what sort or types of technologies are likely to be in great demand, assuming a national shift to integrated delivery system model and a focus on prevention along with treatment?
In 2017 healthcare sector industry n US was marked by efforts to repeal and substitute ACA. In the 2018 US has implemented several new policies in the healthcare sector.
Now there are several hospitals and health systems are paddling upstream, straddling two canoes between value-based health care. There are several challenges and opprtunitis in the health care sector in the upcoming years. Now the health care sector is ripe for huge investment. If you are an entrepreneur, investor or innovator the opportunities for success in this sector which are about to grow exponentially. There are several new technologies have been adopted for the advancement of health care.
Evolution of smart healthcare:
With the increasing new technologies with evolving policies, processes, capabilities and given the magnitude and complexity has been impacting the health care sector with smart way. Several clinicians normally face difficulty in coordinating appointments and procedures, sharing test results and involving patients in their treatment plan. Now health care providers have been working in the smart way.
Creating a good margin in changing health economy:
Presently not only public but also private health systems have been facing revenue pressures and declining margins for years. This trends have been expected to persist as increasing demand, infrastructure upgrades with advancement of therapeutic and technology with limited financial resources. Therefore more spending is expected to be given by aging and growing populations, developing market expansion, clinical and technology advances and rising labor costs. Day by day health care costs has been increasing though affordability and insurance coverage remain problematic. There are several collaborations have been developed to gain competitive advantage.
Investing in advancement of technologies to reduce costs and provide better care:
Presently advancement of several new technologies has been increasing with driving less expensive, more efficient and more accessible care delivery on worldwide.
Shaping the workforce of the future:
There are several workforce challenges in the health care sector such as staffing shortages in hospital specialties and nursing shortages which are evident across the globe. Compounding the problem has been become a scarcity of next generation skills to guide and support the transformation to becoming patient-centric and focused organizations. For the future planning in the healthcare sector organizations have to assess the physical proximity, automation level and talent category.
Improvement in research & development:
The application of new technologies like as computer vision and machine learning which could be helpful to identify key data sets that would be impossible for less sophisticated search engines. These new technologies are helpful in reducing the amount of time to find critical data and by increasing the effectiveness of queries. These technologies may help to healthcare organizations to improve their scientific research efforts without breaking the bank.
These new technologies will democratize to access the information, treatment and innovation. This will provide significant growth opportunities for healthcare organizations which set up these technologies for the companies providing them.