Question

Research modern trends in healthcare. Compare and contrast U.S. healthcare modern trends to healthcare trends in other countries.

Answer 1

MODERN TRENDS IN HEALTH CARE

• Digital and mobile technologies are bringing huge benefits to the healthcare sector.
• By embracing these new technologies, healthcare organisations can improve patient health outcomes, be cost effective and provide timely care.
• Ptaients will also be able to better manage and control their health and medical information.
• Latest trnds in healthcare technology that we should watch out in this year includes:

1. Articicial Intelligence abd Machine Learning
2. Internet of medical things
3. Augnented reality and virtual reality
4. Electronic Health Records
5. Blockchain and data security
6. Health tracking apps
7. Therapeutic apps
8. Telehealth
9. Smart hospitals
10. Robotics

U.S HEALTHCARE MODERN TRENDS

1.The affordable care act

• Lowering the cost of short term insurance plans
• Reducing federal financial support for insurance exchanges
• Reductions in medicaid spending
• Expanded use of health savings accounts
• Banned access to the insurance exchange for those with illegal immigration status

2. Medicaid expansion

• 37 states and districts of columbia provide expanded coverage under the ACA
• Legislation is still pending in kansas, north carolina and wyoming
• Referendums for expansion are expected on the 2020 ballot in atleast 4 states.

3. Prescription drug prices

• The white house endorsed the senate's bipartisan Prescription drug pricing reduction act in november 2019

4. Price transparency

Price transparency is a trending concept in todays healthcare landscape

5. Consumerism- one of the biggest disruptors in health care

6. Financial performnce indicates the ability of healthcare organizations to survive

Comparing with other countries

• The united states devotes more of its national income to healthcare relative to other OECD countries
• Between 2010 and 2019, health spending across the OECD averaged about 8.7% of gross domestic product annually.
• Healthcare s[pending in the united states rose from 16.3 % to 17.0% of GDP in that same time period
• The United States spends more on healthcare per person than other wealthy countries
• Americans use some expensive technologies such as MRI and specialized procedures such as hip replacement.
• Compared to peer nations, the U.S has among the highest number of hospitalizations from preventable causes and the highest rate of avoidable deaths