In: Operations Management
What are some of the macro- trends that are likely to be important to the US healthcare system over the next ten years? Pay particular attention to trends in the overall economy, demographics, personal lifestyles and behaviors, technology (including biotechnology and smartphones), and federal and state government policies.
Use SPECIFIC examples from current Google News or NewsHog to support your analysis. This means that you will need to look at the real day-to-day news and see the “macro” in the “micro.”
Please cite your references, thank you
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EXPLANATION:
The changes reflect new regulations, changing demographics and rapid technological advancement. This is an indication of how our health care is going to change over the next ten years.
The retail health sector is rising to cater for increasing demand, with 12% projected from some 2 150 clinics this year to about 2 400 before end of 2016 . The number of clinics will increase next year. Client trips to the walk-in clinic at a pharmacy, grocery chain or in a store are made on time with their family physicians. "In addition, those models allow customers to access treatment faster and more cheaply.
Telemedicine continues to rise,It offers patients access to health services 24/7 at home, at a fraction of the price and without the hassle of visits to a hospital. The cost of a telemedicine call usually amounts to approx. $25 to $30; if insured, this could be compensated by FSA or HSA dollars. In the next five years, telemedicine is projected to rise from the current $645 million to over $3.5 billion in 2020, at an annual rate of about 40 per cent.
Medical-grade wearables come to market, The gadgets known as "medical wearables" have been developed to help prevent or treat a particular disease. More and more devices are being approved by the FDA. Within this group, other products include the VA Health Mode to help track patients with prothesis and the Empatica Embrace Monitor to detect seizures within epilepsy patients. The wearables market still is in its infancy, but the estimated increase in the number of devices for fighting diabetes, sleep and cardiovascular disorders is anticipated to be up to US$ 41 billion by 2020.
Doctors’ offices go digital, due to enforcement requirements for medical privacy laws, many medical providers were reluctant to reform, but a increasing number of medical professionals are now running portals whereby patients may join, submit a note and renew prescriptions or access to their medical records.
References:
Braverman, B., (2016, January 4). 10 Healthcare Trends That Will Affect You in 2016. Retrieved from http://www.thefiscaltimes.com/2016/01/04/10-Healthcare-Trends-Will-Affect-You-2016
Braverman, B., (2016, December 1). 5 Healthcare Trends That Could Affect You in 2017. http://www.thefiscaltimes.com/2016/12/01/5-Health-Care-Trends-Could-Affect-You-2017