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Three major trends that have occurred within the hospital sector

Regardless, relentless market change before and after the implementation of the ACA has left ACA exchanges in financial trouble, providers facing decreased reimbursement, and consumers with limited access to plans by metropolitan statistical area across the country.

As a result, commercial health insurance through traditional carriers and employer self-funded market trends have been re-energized. Many trends from the past 2 years continue, albeit in a transformed way because of the effect of unknown change in the public ie, government sector market, along with the tax reform legislation.

Conclusions

Information technology remains important, but its user base and timing to deliver information are shifting, along with potential disruptive applications that will, in their own way, transform market trends. In addition, technology innovations will need to demonstrate a positive return on investment.

  • Growing in parallel with increased consumer engagement in healthcare is an increase in benefit choices offered to employees by companies Figure , available at www;
  • The success of healthcare providers will depend on their ability to meet consumers' needs and expectations;
  • Rural Healthcare Outside of the largest cities and some suburban hospitals where many health systems have formed, many patients in the United States receive care from smaller, rural institutions that offer challenges for patients and providers;
  • This is best achieved by supplying employees with the decision-making information and support tools they need, along with financial incentives, rewards, and other benefits that encourage personal involvement in altering health and health care purchasing behaviors;
  • Like baby boomers and Generation Xers changed aspects of healthcare, millennials are fully the first generation expected to share the burden of their health benefits;
  • Increasing healthcare costs have forced employers to reassess the healthcare benefits they offer to employees.

A clear consumer focus has emerged, along with efforts to transform the healthcare experience to more positively use a mostly unchanged delivery system and supply chain. Rural Healthcare Outside of the largest cities and some suburban hospitals where many health systems have formed, many patients in the United States receive care from smaller, rural institutions that offer challenges for patients and providers.

Rural healthcare providers and hospitals will continue to turn to leveraging new technology as they experience population loss.

  • In addition, technology innovations will need to demonstrate a positive return on investment;
  • More companies are offering HDHPs alongside traditional plans, as employers look to shift some of the healthcare costs to employees.

Technologies, such as telehealth and telemedicine, and consumer health wearables or smartphones, can enable rural-based care systems to consolidate specialty care services and referrals as ways to survive and grow in an evolving market. This is best achieved by supplying employees with the decision-making information and support tools they need, along with financial incentives, rewards, and other benefits that encourage personal involvement in altering health and health care purchasing behaviors.

They have come to expect transparency and choice in their healthcare experience.

  • The physical workplace is also changing for employers;
  • As a result, commercial health insurance through traditional carriers and employer self-funded market trends have been re-energized;
  • The variety of voluntary benefit options will force companies to rethink their employee benefit strategy as they compete to attract and retain top talent;
  • This is a reversal from the previous trend of home-based employment to more in-office and shared office space to maximize interactions, creativity, and productivity among workers.

The success of healthcare providers will depend on their ability to meet consumers' needs and expectations. Providers will be the primary source for education, information, and the tools that patients need to take ownership of their health.

Healthcare Trends for 2018

Growing in parallel with increased consumer engagement in healthcare is the increase in benefit choices offered to employees by their employers. More companies are offering HDHPs alongside traditional plans, as employers look to shift some of the healthcare costs to employees.

The baby boom generation continues to drive healthcare and pharmaceutical choices and costs, and will continue to do so for some time. However, baby boomers will soon be eclipsed in driving healthcare and drug trends: As patients, millennials will influence the future of healthcare in new ways, as their use of online resources and telehealth continues to grow. Like baby boomers and Generation Xers changed aspects of healthcare, millennials are fully the first generation expected to share the burden of their health benefits.

They believe that healthcare costs are too high and that third-party health payers or insurers have too much power. Such a diverse workforce environment also creates challenges for healthcare.

The workplace has lagged behind the rest of society in communications. Employees have become used to real-time communication in their home lives, and they expect the same from their employers. It is estimated that US consumers now spend 5 hours daily on mobile devices.

E-mail, which lags behind mobile applications in communicating immediacy, remains the primary means of workplace communications.

8 Themes Reveal Key Healthcare Trends

Employees often lack access to computers or company e-mail addresses at work. Companies often do not use the most effective internal communication tools to reach their employees. The physical workplace is also changing for employers.

Most recently, there has been an increase in office-based employees and a decrease in home-based employees, as companies seek to optimize their customer solutions. This is a reversal from the previous trend of home-based employment to more in-office and shared office space to maximize interactions, creativity, and productivity among workers. Increasing healthcare costs have forced employers to reassess the healthcare benefits they offer to employees.

This has led to a resurgence in health savings account plans that require a high deductible. From a human resource perspective, the following activities were among the most successful in controlling the costs of healthcare 12: Offering consumer-directed health plans eg, health reimbursement arrangements, health savings accounts and a health maintenance organization plan Creating an organizational culture that promotes health and wellness, including incentives or rewards related to health and wellness Increasing the employee share contributed to the total costs of healthcare Placing limits on, or increasing cost-sharing for, spousal healthcare coverage Increasing the employee share contributed to the cost of brand-name prescription drugs.

Employers are increasing access to mobile virtual medical care, which saves time and money and increases the quality of care and employee productivity. Employer innovation in offering health benefits to employees is increasing as work flexibility, paid time off, student loan repayment, and professional development are becoming routine.

A newer offering from employers that is seeing significant change is voluntary benefits. Traditionally offered as a low-cost additional benefit to baby boomers, employers are now adding a wider variety of optional voluntary benefits, such as identity theft protection, critical illness insurance, and pet insurance, which appeal to younger employees.

The variety of voluntary benefit options will force companies to rethink their employee benefit strategy as they compete to attract and retain top talent. Growing in parallel with increased consumer engagement in healthcare is an increase in benefit choices offered to employees by companies Figureavailable at www.