A compelling article regarding expected healthcare changes to expect by 2017. It’s coming fast!
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With so many uncertainties in healthcare today, it’s difficult to predict what the future of healthcare will hold. However, there’s one aspect that is certain: pharmacy will play a tremendous role in shaping the ever-evolving landscape.
Express Scripts recently released a report about the 7 ways healthcare will change by 2017. The report outlines the following seven trends driving the healthcare landscape this year.
Shift from Volume to Value: Plans and PBMs will continue to place greater emphasis on driving value and patient outcomes. There are several ways pharmacy can influence a value-based model, both clinically and financially.
Dramatic Cost Inflation: Drug prices have reached dangerously high levels. Best-in-class organizations are not taking the backseat on this issue; rather they are actively promoting advances that help to contain costs – particularly those that balance clinical innovation with sustainability.
High-Tech Healthcare: As the most widely used benefit, pharmacy can deliver a high-tech and high-touch experience that today’s patients demand. Savvy plan sponsors are offering remote and digital pharmacy solutions such as telehealth, remote monitoring, mobile applications, home delivery and more, as a way to continuously reach patients where they are and virtualize pharmacy.
Power of Consumerism: Consumers play an active role in pharmacy decision-making. Plans that leverage strategies such as educational programs, formulary management, cost-sharing and more can drive consumer engagement, maximize value and lower costs.
Effects of an Aging Population: Many seniors suffer from more than one complex condition, frequent several physicians and take a variety of pills, which can lead to dangerous drug interactions and other complications. Pharmacy plays a fundamental role when it comes to helping a growing population of aging patients manage and improve their conditions
Impact of Mega Health Systems: Due to the massive amount of corporatization across healthcare practices, competition will decrease and potentially inflate prices – making home healthcare more desirable for patients. Pharmacy is not immune to this trend.
Move from Population to Personalized Health: To produce the best possible outcomes, you need precise, real-time data and insights – and pharmacy data is often considered the best predictor of a patient’s health. Leveraging pharmacy data to make smarter healthcare decisions will be critical as the industry looks to improve clinical outcomes while lowering costs.
As we look at each trend uncovered in the report, we are reminded of the fact that plan sponsors cannot be complacent if they want to be competitive. Now, more than ever, it is imperative that plan sponsors have a partner to help anticipate what’s next, navigate change and solve the toughest healthcare challenges.
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