When we forecast the future of healthcare industry, the prediction made in the mid 90’s will become true i.e. increased number of elderly people, physician surplus, insurance coverage’s, new technologies and rising health care products price. These problems will majorly impact on health care policy and reemerging issues will pose few difficult challenges.
Here are few major issues facing the healthcare industry in upcoming years.
Latest Trends in Technology
The rise of advanced technology is widely exploiting the Healthcare system from few years, but still there are few major issues facing difficulties such as finance and insurance coverage. Financing to new technologies and insurance coverage for those particular treatment is becoming more expensive for the healthcare domain. The recent survey over a medical drug has published that lack of drug coverage among the elders are likely to be partially covered by insurance. Thus there will be few conflicts in between the public interest in advanced technologies as well as employers restrictions on coverage costs. In addition, this may be great loss for pharmaceutical companies for adopting new technologies which are clinically beneficial, but not financially.
New Infectious Diseases
Basic infectious diseases cost approximately billions of dollars each year and lead to the loss of thousands of lives every year. On an average 1 in 25 hospital patients has at least one infectious disease according to the Centers for Disease and Control Prevention. So periodically healthcare organizations should ensure with all equipment up-to-date and staffs should understand how to properly diagnose the patients to avoid the infectious diseases.
Tele Health Consultant
As technology is evolved in the healthcare system and shortage of healthcare professionals have made a major impact on healthcare facilities to expand their use of tele healthcare consultant to communicate with the patients in hospitals as well in remote place. This may result in allegations if tele healthcare consultant does not have the proper training, experience and knowledge to diagnose the patients.
Rising Costs of Drug
Shortage of drugs and industry consolidation will effect on pharmaceutical drug prices higher in this year. Moreover this will not correspondent to the higher quality. So hospitals need to expand their scale while buying certain products. They need to purchase few protocols in order to drive volume discounts to avoid rising drug costs.
As healthcare industry is moving forward with the electronic database for storing patient’s records and accessed by management, vendors and other third parties for more efficiency. But handling electronic data will have more impact on few operations like shutting down critical healthcare system, network disruptions, data breach and many more. These issues may lead to organization’s financial stability, reputation and cyber risks.
Workforce Shortage of HealthCare Professionals
This is partially due to the less number of new professionals are not enough to replace the retiring doctors and nurses. So this can lead to problem in the accessibility of health care system. Moreover this may cause major impact on quality and effectiveness of the healthcare system.
Poor Healthcare Standards
Few countries have different healthcare policies, protocols, and standards. This will impact on the health of individuals in the USA. For instance, poorer healthcare protocols in Mexico and other countries made it more difficult to US country. They need to spend more for their own protection because of poor healthcare standards of other countries.
Brutal Incidents in Hospital
Hospitals are the place for healing patients, but it also become the place of brutal incidents. This type incident not only hurt the patients, it will also effect on the management reputation. So healthcare organizations need develop a comprehensive violence prevention program and should adopt potential safety hazards.
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