5 Ways Healthcare will Evolve in 2020

Managed Healthcare Executive | January 13, 2020

5 Ways Healthcare will Evolve in 2020
Early into 2020, the phrase “20/20 vision” is a trending tagline, but for the health care space, this play on words is fitting. Innovators, investors, industry leaders, analysts, and providers are coming together with a clear vision on how to disrupt the industry and bring about meaningful change. This thought-provoking dialogue comes back to one collective theme: humanize and transform the health care system with a more holistic, outcome-based approach. Progress begins with a shift from physician-led care to collaboration along the continuum, from fee-for-service healthcare models to value-based care, and from treatment to prevention and early intervention.

Spotlight

West’s report Optimizing Revenue: Solving Healthcare’s Revenue Cycle Challenges Using Technology-Enabled Communications found that 56 percent of patients’ payments are delayed at least some of the time. The report also revealed that high insurance deductibles are the most common reason cited for missing payment deadlines. An analysis of the cost of insurance policies purchased through the Healthcare Marketplace during the 2017 open enrollment period showed that the average annual deductible was $8,232 for a family policy.

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Spotlight

West’s report Optimizing Revenue: Solving Healthcare’s Revenue Cycle Challenges Using Technology-Enabled Communications found that 56 percent of patients’ payments are delayed at least some of the time. The report also revealed that high insurance deductibles are the most common reason cited for missing payment deadlines. An analysis of the cost of insurance policies purchased through the Healthcare Marketplace during the 2017 open enrollment period showed that the average annual deductible was $8,232 for a family policy.