Provider-sponsored plans. Another trend seen in the migration from volume to value is that of provider-sponsored plans. As market forces and the Affordable Care Act push providers to assume financial risk and offer population health management services, many healthcare finance experts believe provider sponsorship of an insurance plan is the best way to respond, according to Paul H. Keckley, PhD, managing editor of The Keckley Report—a weekly blog covering health industry trends and issues.
Although the number of these plans is on the rise, relatively few hospital and healthcare leaders expect their organizations to sell their own insurance products. Only 35 percent of executives who responded to the latest Futurescan survey said they are at least somewhat likely to be licensed to sell their own insurance product by 2023, versus 48 percent who said they are very or somewhat likely to do so.
Hospital and health system operating margins will be under intense pressure from all purchasers, and deciding whether to sponsor a plan will require careful planning by healthcare leaders.
Cybersecurity. In healthcare, where a cyber-attack could threaten patient safety, executives should ensure their organizations’ defense measures are keeping pace with their technological advances.
Given that 83 percent of healthcare executives believe it is at least somewhat likely a hospital or health system in their area will experience a cyberattack by 2023, according to Futurescan survey findings, it is not surprising that seven in 10 survey respondents said it is very likely they will increase investment in advanced cybersecurity defense technology in the next five years.
Equity of care. Health disparities also pose persistent and well-documented problems in many of the communities that U.S. hospitals and health systems serve, and healthcare leaders have a responsibility to help advance health equity.
Healthcare organizations can start to dismantle health disparities by incorporating health equity goals and outcome measures into their strategic plans.
Healthcare facilities. The transformation of healthcare is going to require leaders to reimagine medical facilities in ways that will affect where care and others services are delivered. Although the hospital remains the epicenter of many health systems, advances in medicine, a growing emphasis on cost reduction and the continued trend toward population health are increasingly driving organizations to move away from the hospital-centric model.
By providing healthcare leaders with these important insights, Futurescan 2018-2023 arms executives with the knowledge they will need to navigate the changing healthcare field and, ultimately, make healthcare safer, more affordable and accessible to all.