Our healthcare system in America is undergoing a complete overhaul. We are moving from a fee-for-service system (in which payments are made for each transaction) to one that is value-based (meaning payment will be based more on outcomes and customer satisfaction).
This shift is transforming the way the healthcare system operates. Healthcare providers will now work together for the good of the patient, population health is being monitored, wellness habits are being encouraged, and care coordination services are being set up to better facilitate the care of each patient. All of these changes will lead to more effective care and lower healthcare costs in the long run.
We will see more and more small physician practices disappearing as many of them go out of business or get purchased by larger health systems. Large hospitals and health networks will become the norm. New roles will open up, including care coordinators, case managers, health educators, and larger numbers of nurse practitioners. An integrated approach will help the new value-based approach to medicine succeed.
Electronic Health Records systems are currently used in 80% of health practices, and they have served a purpose in the fee-for-service system we are all used to. Moving forward, however, new systems will emerge to assist with care coordination and collaboration between multiple healthcare providers. Instead of being a fragmented system that is centered around each provider, it will be an integrated system that is centered around each patient. Learn more about the CarpeVITA Circle of Care software here.
Healthcare is finally moving away from the treatment of people based on certain diseases and demographics to the treatment of individuals. Genomic data is now being stratified on individuals so that each patient and their provider understand their personal health risks as well as what treatments will work best for them as individuals. This makes it possible to predict and then prevent health risks before they come up.
In this new healthcare landscape, patients will need to be more involved in their health on a day-to-day basis. This is already happening as we see more and more people wearing activity trackers and using smart phone apps to track their daily activity and record what they eat. A value-based system requires each person to be an active participant in their health so that they can achieve and maintain wellness.
This changing landscape, while disruptive in the immediate, will produce much better and less expensive healthcare for our nation, not to mention a healthier population. You can learn more about how health reform is changing healthcare in America for the better here.