• The US is home to the world’s largest healthcare market, estimated at a staggering $ three trillion, the biggest by a long haul. The defining difference between the healthcare industry in the US and that of many other developed economies such as Canada and the UK is that the US healthcare is privately run, meaning that the government has near-zero role in running it and has allowed private players to run the sector. This has led to a situation of hyper competition, the hallmark of the wider US economy.
• At least four major trends are doing the rounds in the US healthcare industry currently. • Firstly, we have the effects of the Affordable Care Act, passed in 2010, kicking in. these effects will be felt for some more time, since the Act has stipulated a long deadline and target for many activities and goals. What the ACA did was to bring more than 10 million uninsured Americans into the healthcare sector, meaning that the industry has to absorb the burden of attending to these uninsured people.
Whatever the moral aspects of this step; the fact is that it impacts the healthcare sector in a huge manner, because being privately run, the sector has to pass on this burger to the insured people, causing a huge rise in the cost of an already expensive sector. The positive spinoff of this huge influx could be that it could lead to innovations to cut costs, but the effects of these changes will be felt only over a long period of time. For now, the industry has to deal with ways of absorbing these immediate changes.
• Secondly, this has given rise to a supplementary economic matter: The changes that are being made to the insurance sector. Health insurance has become even more competitive, because it has to take into consideration the new changes brought about by new entrants and seek ways of remaining in the business and making profits.
• There is also the repositioning in the thinking going on in the industry. While the emphasis earlier on was on volumes, that has now shifted to accountable outcomes and value. Healthcare delivery is not about ticking boxes on the items dispensed; it is about how much value the user got from services.
• Finally, there is the ongoing trend of the use of cloud based and SaaS services for the healthcare industry, plus the glut of social media, with their attendant challenges. In all these developments, one of the areas of highest concern is regulations. This is made all the more complex and challenging in the light of these rapid changes.
• All these new trends make healthcare an industry that is keenly watched and observed. For this in healthcare, the need to stay ahead of the curve could not have been more pressing. It is exactly to fulfil this need that a professional trainings provider such as NetZealous LLC, with its years of experience, can help professionals. Its trainings, which are up-to-date and from the finest Experts, can go a long way in helping healthcare professionals push themselves towards higher levels of excellence and stay afloat from the challenges they are up against.
NetZealous LLC offers world class trainings in all the areas of concern and importance to healthcare, with which professionals can find their mark: Obamacare Anti-kickback statute HIPAA HITECH 21 CFR (Part 820) Clinical management Data safety DEA due diligence Electronic Health Records HHS compliance Quality assurance Risk analysis Risk evaluation FMEA