Despite numerous initiatives, the US healthcare system grapples with core challenges. A staggering 18% of Gross Domestic Product (GDP) is spent on healthcare, significantly higher than the Organization for Economic Cooperation and Development (OECD) average of 10%. Yet, America has the lowest life expectancy among OECD nations. The disparities in outcomes are evident, with avoidable deaths, maternal and infant mortality, assault-related deaths, chronic diseases, and COVID-19 deaths contributing to the discrepancy.
The Challenge: Clinical inertia
Clinical inertia, a hindrance to treating chronic diseases effectively, disproportionately affects ethnic and racial communities. Moreover, the fragmented nature of healthcare delivery leads to incomplete information, medication overuse, and rising costs. This fragmentation disempowers stakeholders, leaving physicians burned out, health systems struggling, and patients navigating complex systems.
Our perspective indicates that several significant trends will converge, driving transformation across three crucial dimensions.
2. Enhanced Measures of Quality Resulting in Better Choices
3. Novel Economic Models for Better Value
The current state of the healthcare sector
The healthcare sector is in a state of rapid transformation, a period of both excitement and uncertainty. For healthcare executives, the key lies in focusing on patient-centered care, embracing innovation, and leveraging technology to address inequities and enhance quality.
These emerging trends promise to create a more equitable, efficient, and patient-focused system. By embracing these changes, healthcare executives can be at the forefront of shaping a better future for all.
You can dive into more details in this recent article published in Population Health Management by Brian Stein, M.D., M.S., Chief Quality Officer at RUSH University Medical Center, and Bala Hota, M.D., M.P.H., Senior Vice President and Chief Informatics Officer at Tendo.
At Tendo our vision is to become the trusted connection between patients, clinicians, and caregivers with software that delivers seamless, intelligent, and user-friendly experiences throughout the care journey. We work with leading health systems, partners, investors, and advisors who share a similar vision and understand that to make measurable progress in healthcare, we must innovate and embrace change.
Are you ready to reimagine what’s possible in healthcare?
Get in touch with us today!
It’s time to transform the way we approach healthcare. Get in touch with us today and discover the possibilities.