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Healthcare continues to ride on the digital transformation trends to refine data management and care delivery processes. Health organizations are increasingly leveraging real-time data-driven solutions, artificial intelligence, and cloud services to empower their patients and clinicians with analytics and align with the culture of preventive and wellness-centric care.

As healthcare is becoming increasingly patient-centric, post-episodic patient engagement has arisen as a crucial element of care delivery. Not only is physician reimbursement getting linked to patient experience metrics but also care quality and utilization are impacting health networks’ drive towards value-based care. Together, the trend towards more patient engagement is impacting patients along each step of their care journey.

Technology was always meant to empower healthcare practices; action needs to be taken where it is causing more harm than good. Aiming for a single goal of better population health, we need a technology that understands value-based care, is humane to the providers and care teams, and acts as a reliable source of decision-making for the leadership. 

The provider community burns midnight oil to improve patient outcomes and further the dream of value-based healthcare. However, if you take a look at the average healthcare utilization expenditure, chronic diseases account for 75 percent of all healthcare spending. That’s more than $3.5 trillion alone, and every 6 out of 10 US adults is living with a chronic condition. Given the fact that managing chronic diseases occupy a large chunk of the nation’s average healthcare spending, a myopic approach isn’t going to help in the future. By 2030, the US would be accommodating to the healthcare needs of 77 million+ people above 65 via Medicare. 

When the concept of digital hospital and EHRs first came into the picture, the initial goal was to enhance the efficiency of back-office operations. However, EHR adoption continued to increase post-implementation of the Health Information Technology for Economic and Clinical Health (HITECH) in 2009. Now after almost a decade, digitization in healthcare has continued to evolve, and electronic records have started serving a higher purpose than being a handbook for patient records. Thanks to continuous improvements in healthcare technology, smart hospitals are here to lead the future of care management and boost patient engagement in the process.  

The health plan market is undergoing a drastic transformation. In the past, the competition had been lean with just a small number of payers. However, the market dynamics are changing. Since 2017, the number of MA plan choices per county has increased by 49 percent. The competition is said to grow even more in the coming years as more health plans are set to enter the market, owing to the fact that nearly 26 million baby boomers will age into Medicare through 2030.