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Key Strategic Trends that Impact Healthcare Decision-Making and Stakeholder Roles in the New Marketplace.

Year: 2015
Type: article
Abstract: After the passage of the Affordable Care Act (ACA) in 2010, market changes beyond those already in play began to emerge. Traditional roles, responsibilities, and authority of various healthcare stakeholders could now be tested or altered as a result of some sections of the ACA. One result is that healthcare providers could now share in the savings, take risk, and form relationships that were previously barred or were nebulously forbidden. Among some of the often mentioned trends have been accountable care organizations (ACOs), the formation of large hospital health systems, and the continuation of private insurance coverage by self-funded employers. However, the marketplace had undergone many subtle changes that began before the ACA, which only accelerated after its passage. In fact, one trend is that change has been occurring at a rapid rate throughout the various healthcare stakeholders. Tracking the emerging trends and tracing innovation patterns in the post-ACA marketplace in 2014 has led to the identification of several high-level strategic trends that are or will be increasingly significant. The trends that will increasingly impact multiple healthcare stakeholders over the next few years (through 2018) include: Patients becoming more informed consumers Growth of structured quality measures Revenue-driving consolidation New and alternative provider payment models Specialty drug use driving the cost of care Information technology innovations driving interstakeholder communications. The following discussion details some insights into each of these key market trends that impact multiple healthcare stakeholders and will continue to affect decision-making and relationship dynamics.
Authors: John Santilli, F Randy Vogenberg
Language: English
Open Access status: green
OpenAlex ID: W2160197532
FWCI: 10.13
Cites: 1
Cited by: 30
Related to: 10