Amazon is only part of the “earthquake change.”

0
263

Health managers know that Amazon, Apple, Google, IBM, and Microsoft are entering the health care industry, but more Fortune 50 companies are already involved in this area.
Translation: Health care is more likely to be subverted than it is now. This means that it is time to act quickly or face irrelevant matters.
Let’s take a look at what this hospital should do now to prepare for the future.
Strange healthcare partners
A new study by PricewaterhouseCoopers (PwC) found that the U.S. medical industry is experiencing “earthquake changes” resulting from power collisions, such as the shift from quantity to value, the rise of consumerism, and the decentralization of medical care.
The author of PricewaterhouseCoopers (PwC) wrote: “In the past six months, the explosive growth of unconventional transactions may reshape the health of the United States.”
[Additional: Why Amazon, Berkshire, and JPMorgan’s Plans Should Motivate Hospital IT Stores to Take Quick Actions]
In fact, PricewaterhouseCoopers (PwC) found that 84% of the Fortune 50 companies have played a role in healthcare, compared to 76% in 2013.
Consumerism is also rising, which poses a threat to the old business model. PwC pointed out that although 17% of doctors used EHR and 11% used smart phones in 2008, these figures rose to 87% and 79% respectively. This basically opened the door for technology companies to allow them to deliver what consumers want more effectively and quickly than traditional medical institutions.
Amazon, JPMorgan Chase, and Berkshire Hathaway have focused on improving their employees’ health insurance. This is an example. CVS Health is buying Aetna for another reason.
[Additional: Focus on funding: In the research of Gartner, IDC, and HIMSS Analytics, the hospital will invest the most money in 2018.
For the question of whether Amazon can succeed in the healthcare field, 27% of respondents said, “They may drag this down.” However, 48% of respondents replied “It will be a long time. Process,” 25% of people think that these companies “do not know what they are doing at all.”
Venrock’s research also found that 51% of respondents stated that Amazon will have the greatest impact on healthcare in 2018, followed by Apple’s 26%, Google’s 18%, then IBM’s 3%, Microsoft’s 2%.
The author of PwC wrote: “This changing situation creates an uneven opportunity in the new healthy economy and may prompt newly formed companies to reconsider their business model and in the past 6 months. Announced a similar deal.” As core income shrinks, some people will be forced to seek returns in new markets. Others will find success creating value for other players, including consumers. However, other countries will thrive by building infrastructure for emerging virtual health systems.
PricewaterhouseCoopers recommends: fluency and concentration.

PwC cautions that it may take some time. It is wise to know that some seemingly substantial initiatives will fail, while others will change, and some will succeed.
There is no doubt that chaos is imminent and health leaders can do something to prepare for the future, regardless of what the future will look like.
The consultancy quoted Jeff Arnold, chairman and CEO of Sharecare, as saying that the company’s chief executive, Jeff Arnold, said it’s time to master three languages: medical and Technology, of course, may also be surprisingly media. Simply put: The hospital will communicate with existing and potential consumers in new ways.
PricewaterhouseCoopers (PwC) also recommends focusing on three key areas in the short-term and long-term, such as patient experience, expanding labor and prices.
Patient experience: Consumer expectations are changing because they accept certain nursing activities in retail clinics and are increasingly expecting hospitals to operate on modern technology. This is well known, if not widely used, in At this point. PricewaterhouseCoopers wrote: “Companies investing in deep-data-driven customer understanding will be able to develop customized products and services.” The new company is called “vertical integrators, technology invaders and health retailers, and they are learning about consumption.” And have an advantage for their tailored experience.”
Benefits of the broader workforce: PricewaterhouseCoopers predicts that emerging business models will include knowledge worker coding, the creation of artificial intelligence tools, the operation of data analysis, and the development of new technologies to improve patient experience. The company added that 39% of the suppliers are already investing in artificial intelligence, machine learning and analysis. “However, few established companies have the in-house capabilities to develop and implement these tools, so they should acquire these skills or partners to gain access to them,” the authors write. “They should be prepared to pay for them – other parts of the global economy are also seeking these capabilities.”
Money is important: “Price is the next area,” PricewaterhouseCoopers wrote. Since potential disruptors are more capable than hospitals to solve cost problems by scaling and controlling the health care value chain, medical institutions must focus on pricing, or they may lose patients. “Consumers, employers, and the federal government are all seeking to relax the price and may reward companies that can cut their costs drastically without losing quality.”
Today, there are many signs that change is entering the healthcare field. The previously mentioned unorthodox partnerships, new models of care, and even value-based care rather than volume, and the use of telemedicine tools to treat patients outside the hospital.
Ultimately, this means that the times of the hospital have come, especially those who are afraid of change, they will promote new business models, bold partnerships that are not being considered, just like the performance of the past six months – and Innovation to shape the future of the future.

LEAVE A REPLY

Please enter your comment!
Please enter your name here