Market Predictions for Health Care: Minnesota, the U.S. and Global
- The number of
health systems in the United States will be reduced by 50% over the next 10
years due to consolidation (mergers and acquisitions). Pressures on price, use
of services and rising operating costs will cause smaller players to seek
shelter in larger, better capitalized systems of care.
- Most physicians
will work for health systems. Market dynamics, regulation and pressured
economics will render private practice less attractive for all but a few
clinical specialties who are able to exploit niche markets.
disruptors can exploit profitable niche opportunities with innovations beyond
the capabilities of large, less nimble health systems. Risk capital will flow
freely to the best ideas, favoring such innovations as self-monitoring of
health status and physiological function, wellness, high-value care methods and
environments, (including the home) — and reductions of inefficiencies,
redundancies and unnecessary procedures.
quality, safety and value transparencies and increased out-of-pocket payments
will drive consumerism. Consumerism will drive provider-side competition for
patients. Patients will be armed with reliable data to make informed choices on
quality, safety, cost and experience.
number of health insurers in the United States will be reduced through
consolidation. The federal government will become the largest single payer. The
U.S. government and a small handful of payers will control the majority of
payments to health care providers.
care will expand; acute and chronic conditions can be managed without patients
and providers needing to be in the same place at the same time.
focus will be weighted to prevention of problems and keeping you as healthy as
possible if you have a chronic condition.
work force skills and competencies will shift. New skills will include
information analytics, information technologies management, virtual care
support systems and related apps. Clinicians will be trained as members of
interprofessional teams — expanding beyond one nurse working with one doctor.
of one third of all health care provided in the United States will be
identified as unnecessary and, perhaps, potentially harmful. Top health systems
will build their brands, in part, on delivery of evidence-based best
medical centers will build brand value based on designer therapeutics — such as
customized approaches based upon patients’ genomic signatures.
tourism will become more common-place; global travel for perceived best
care/best value will increase. The big names in United States health care will
promote and export their brands globally.