We just had a fantastic two days welcoming the leaders from many of the US major health systems to Nashville for the Healthcare Providers Transformation Assembly.
Over the course of the event, many important industry trends were debated.
Many healthcare providers are investing in telehealth technology and initiatives.
What was key to the discussions at Healthcare Providers Transformation Assembly was the emphasis on the fact that telehealth and telemedicine extend past its use as a tool to connect physicians to remote patients.
Telehealth is also vital in the effort to ease communication and enable advance collaboration between physicians themselves and also between the patient, physician, and their families.
It’s also opening up the possibility of increased remote treatment, including using robots for simple operations.
According to the American Telehealth Association, Telemedicine offers four fundamental benefits:
Improved Access – Telemedicine brings healthcare services to patients in distant locations. It improves access for patients as well as for physicians and health facilities to expand their reach, beyond their own offices.
Cost Efficiencies – Reducing or containing the cost of healthcare is a key benefit. Telemedicine keeps costs down by enabling better management of chronic diseases, shared health professional staffing, reduced travel times, and fewer or shorter hospital stays.
Improved Quality – The quality of healthcare services delivered via telemedicine are as good those given in traditional in-person consultations.
Answers Patient Demand – Consumers want telemedicine, as these technologies reduce travel time and related stresses for the patient.
Telehealth is certainly changing the face of medicine and it will be interesting to see what happens next!
The notion of patient engagement is in its infancy, but we know it’s already having significant economic impact for payers and providers. Getting patients engaged in their own healthcare minimizes complications and lowers overall health care costs.
Patient engagement is an evolving concept. One that we are looking forward to discussing at the Healthcare Providers Transformation Assembly next week.
We have already witnessed how patient engagement can help payers offset losses from the Affordable Care Act exchanges.
The advantages behind patient engagement are numerous.
- Improving the patient experience
- Public and private payers investing in IT system
- Cuts costs
Both patient and physician engagement are huge priorities in the healthcare space at the moment.
Value-based care is an emerging solution designed to address rising health care costs, clinical inefficiencies and duplication of services. This model works to provide patients the care they need.
In value-based models, hospitals are paid for helping keep people healthy and for improving the health of those who have chronic conditions. A significant departure from the traditional fee-for-service approach, where doctors and hospitals are paid based on the number of health care services they deliver. In the traditional model, payment typically has no correlation to whether or not patients saw improved health outcomes.
The value-based approach has been designed around patients and empowering them to understand the cost of treatment.
Big data was predicted to revolutionize many industries, but still, unfortunately, remains a buzzword. In many instances, we remain data rich but knowledge poor.
Healthcare is changing this.
Many providers are looking into ways to leverage health tracking data, to collect real-time feedback from patients and their families, and ultimately use data to personalize your experience.
Check out the highlights from Healthcare Providers Transformation Assembly here.
ABOUT HEALTHCARE PROVIDERS TRANSFORMATION ASSEMBLY
The Millennium Alliance is pleased to announce that application for our biannual Healthcare Providers Transformation Assembly is now open. Join leaders from North America’s leading Health Systems at The Ritz-Carlton in Dallas, TX to discuss how the industry is adapting to a healthcare customer-centric transformation.
As we are beginning to see what President Trump’s administration is planning for the healthcare industry, with the future of ACA and Obamacare unsafe, Trump Care does provide a significant opportunity for digital health players to continue the shift to a more retail-focused industry. Consumer demand for greater price transparency and cost savings remains strong.
Customer-centric policies will continue to be important. Businesses must address rapid innovation and competition from non-traditional players, but above all, they must continue to respond to empowered consumers as customer-centric transformation sweeps healthcare.
Through a series of executive education roundtables, keynote presentations, collaborative think tanks, educational workshops, and networking sessions offering insight into industry-specific topics and trends, will help you stay one step ahead.
This is not just another “Healthcare” event. Spaces are reserved for the best in the business. AGet your seat today!