Authored on: May 14, 2012
Transformation of the healthcare industry is finally happening, and with dramatic energy, driven by a fundamental shift in the expectations of all stakeholders - patients, governments, payers, employers and providers.
Today, the market is rejecting the three major structural deficiencies that have resulted in the industry's systemic challenges:
1) An over-emphasis on expensive advances in medical technology that yield incremental improvements in outcomes, with inadequate consideration to cost
2) The myopic focus on capacity for acute care, to the detriment of wellness, prevention and population health strategies
3) The use of volume-based reimbursement models.