The beginning of the year is the time to make predictions for the future. Let us take a look at what some major analysts expect to be happening in healthcare in 2020.
HealthManagement.org’s Editors-in-Chiefshare an opinion that 2020 will be another
year of radical change in healthcare. This coves areas such as innovative care
models; Big Data and Artificial Intelligence (AI); democratisation of overall
hospital strategies; the rise of radiogenomics; increasing use of
catheter-based interventions and AI in cardiology; development of trends such
as complexity, education, security and ecosystems.
In Medical cost trend: Behind the numbers 2020, PwC Health Research Institute (HRI) projects the growth of medical costs in the employer insurance market for the coming calendar year and identifies the leading factors expected to impact the trend. Heading into 2020, medical cost trend is expected to increase slightly.
Fitch Solutions Groupsuggests that events such as the US presidential
election, Brexit and new universal healthcare schemes are
key to impact global healthcare in 2020. Microeconomic risks, eg escalation of
the US-China trade war, are also important to watch.
Forrester’s
predictions for the healthcare market in 2020 include increasing role of Medicare Advantage, growth
in virtually delivered care and intensified competition on cost as price
transparency is enforced in the U.S.
Frost &
Sullivan's Transformational Healthcare Group publishes its 2020 healthcare insights in Forbes. The experts make eight predictions, including: increasing
usage of social determinants by the US
health systems and commercial payers, broader application of AI,gene therapy commercialisation,
and others.
In the Deloitte’s
2020 Global
Health Care Outlook, the company expects global health care spending to
rise. Among the important drivers are: a growing and aging population, growth
in chronic diseases, infrastructure investments, etc.
Another report by Deloitte,
Healthcare
and Life Sciences Predictions 2020, looks into topics such as informed
and demanding patients, new business models for digitalised medicine,
importance of wearables and mHealth
applications, and others.
Fortune provides investors’ viewpoints on how healthcare industry
will change in 2020, considering existing limits to growth, development of cancer
immunotherapy market, prospects of Medicare and other factors.
Another overview from the investors’ side is presented byBusiness Insider, which turned to venture-capital firms like Venrock and Lux Capital for their opinions on what to expect in the new year.
HIMSS publishes a
number of insights on how Health IT will be developing in their A Look Ahead
at 2020 project. Their experts predict that investment in AI will grow bringing
some transformative changes to the healthcare market while new tech tools will
be provided to clinicians and consumers to help them make the best decisions.
Another report from PwC
HRI, Top
health industry issues of 2020: Will digital start to show an ROI? highlights
the forces that will most powerfully affect the industry in 2020. With investments in technology and transformation
increasing, the question for 2020 is whether this digital transformation will
benefit consumers?
In his article in the upcoming issue of HealthManagement.org
The Journal, Adam Gale, President of KLAS Research, speaks about the progress and potential
in Healthcare IT. Among his predictions are the growing role of AI robotic
process automation; potential increase in patient adoption; vague perspectives for precision
medicine; development of ambient speech tools; and the gradual transfer of care
to patients’ homes. Check here for updates.
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