New Foundation study identifies key trends in a rapidly changing sector
Cost and technology are two key themes underlying virtually every trend and issue impacting one of the most significant drivers of the U.S. economy—the healthcare industry—according to a new report, Vertical Market Outlook Series: Healthcare, released by the Equipment Leasing & Finance Foundation.
The healthcare industry is changing rapidly in ways both large and small, and there’s little indication that the rate of change will slow in the near term.
Healthcare providers are moving away from traditional inpatient facilities, the Foundation report notes, instead investing in outpatient clinics, same-day surgery centers, free-standing emergency rooms and micro-hospitals, which offer just a few beds for overnight stays. Moving even further from the traditional healthcare setting, providers are setting up programs and using digital technology to keep tabs on patients 24/7 in their own homes.
Health systems continue to invest in digital technologies to support their efforts to move toward patient-centered care and develop smart health technologies that can increase access and affordability, improve quality and lower costs. Investment in technologies like blockchain, artificial intelligence, virtual/augmented reality and predictive analytics will help transform healthcare.
The Foundation report provides an outlook on the healthcare sector in the United States, demographic and spending trends, and key developments impacting this sector over the next one to two years. It is the third release of the Foundation’s forward-looking Vertical Market Outlook Series, designed to help readers recognize and understand opportunities and challenges that may affect their businesses.
The report, commissioned by the Foundation and prepared by Engine Group, finds that growth in the healthcare industry shows little sign of slowing. It includes data from a variety of sources, including the Centers for Medicare & Medicaid Services, which reports that within the next decade U.S. healthcare spending is expected to reach $6 trillion and comprise more than 19% of gross domestic product. The report examines a wide range of issues, including:
- Growing costs associated with caring for a rapidly aging population;
- New technology required to meet an increasing labor shortage; and
- Evolving government regulation.
The complete report is now available for free download. Visit www.leasefoundation.org
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