The Pairing up of Traditional Healthcare Stakeholders with the Non-Traditional Ones

In the past few years, there are many reforms to impart the right of decision making to the healthcare consumers in every respect. They were not really involved in the process of choosing what’s best for them in terms of healthcare products and services. However, recently, it has been noticed that consumers showed a significantly leaning towards healthcare products and services. The cause of this leaning can be due to various reasons and one of the major reasons is that the overall healthcare industry is shifting towards patient-focused strategies. And, at the same time, the health insurance set a limit for the ever-increasing deductibles. Additionally, the advancing economic dependability on healthcare as well as the implementation of value-based care caused atypical collaboration between usual and unusual participants in the healthcare to select and enhance outcomes. Below are some of the examples of the collaborative efforts of non-traditional stakeholders with the traditional ones in the healthcare:

Mutual Decision Making

Healthcare remained in favor of letting the patients make best choices to control their medical conditions to some extent every time. But, patients always relied on the physicians for best possible solutions. However, at present, augmented economical dependency on healthcare motivate them to inquire about information and take charge of their own health to a larger extent. To know more about the cost and other information regarding healthcare, patients make potential searches on search engines and then go to the physician with their results plus suggestions for options of treatment. Medical and healthcare providers willingly take part in these types of discussions to draw out improved conclusion of mutual benefits. In addition, the healthcare providers take great interest in such discussions intended to make decisions mutually under the influence of the incentive program that the Centers for Medicare and Medicaid Services (CMS) introduced. According to numerous investigations, mutual decision making is causing the patients to dynamically participate in the healthcare setting. Customers are also found to be adhering to healthcare apps that their healthcare provider suggested to them.

Numerous Platforms for Medical Data

Medical records have been digitized for a number of past years. In the current setting, the finding of the suitable way to integrate the electronic health records (EHR) systems with emerging data sources is in process. In addition to EHR, there are numerous of platforms where we can find data, including remote sensors and tools, data based on social determinants plus other types of arranged and disarranged data. Conversely, most of these sources of data, when combined, don’t work well. To a degree, this is because of the non-existence of the standards for interoperability for different types of industries. Another reason for the undesirable functionality of combined data is its emergence from unusual routes which were once not a component of the healthcare environment. Technology sellers and a small number of unconventional participants are pairing up to formulate innovative value-based services with the help of a collection of a large amount of data.

The future of the Healthcare Industry

In near future, consumers will be greatly involved in the decision-making process. This involvement will foster the making of better decisions for medical treatment as well as to put one’s health on the right track by managing it on its own. Furthermore, patients will be more aware of their medical condition so they could take right steps in its management as well as will be able to prevent themselves from developing certain medical conditions. The emergence of pairing up of the conventional stakeholders with non-conventional ones for a shared purpose is a certain indication of this shift.