[{"innerBlocks":[],"name":"core\/freeform","postId":4126,"blockType":{"name":"core\/freeform","keywords":[],"attributes":{"content":{"type":"string","source":"raw"},"lock":{"type":"object"}},"providesContext":[],"usesContext":[],"selectors":[],"supports":{"className":false,"customClassName":false,"reusable":false},"styles":[],"variations":[],"apiVersion":3,"title":"Classic","description":"Use the classic WordPress editor.","category":"text"},"originalContent":"Although providers who are not yet involved in value-based contracts are seeking out payers that are experimenting with new payment models, merely entering risk-based arrangements are not sufficient for healthcare organizations to keep pace with the dramatic transformation the industry is about to go through.

That\u2019s the contention of Jon Souder, director of health industries advisory at PwC.

\u201cLooking at different payment models and continuing to operate in a business-to-business environment will not be enough. And the folks who don\u2019t adapt from that will be the losers in the new health economy,\u201d said Souder. \u201cIt\u2019s much more than the evolutionary change that we\u2019ve historically seen.\u201d

Speaking at Health Data Management<\/i>\u2019s value-based care conference in Dallas on Wednesday, Souder warned that the healthcare is headed for a \u201cseismic change\u201d as the industry transitions from traditional fee-for service that rewards the quantity of services to one that rewards the quality of outcomes.

According to Souder, true value in this new healthcare business environment is created only when partnerships extend beyond traditional health players.

\u201cWhat if you could get, in any given community, retailers, telecoms, doctors and grocery stores all to work together?\u201d he asked.

Shannon Smith, director at PwC, added that healthcare traditionally has operated as a \u201cbusiness-to-business system of silos connected by contracts.\u201d However, she said the \u201cdemand for value is really permeating every aspect of the industry, and it\u2019s bringing about a more innovative and collaborative ecosystem, centered around serving the consumer.\u201d

The rise of consumerism, as well as digitization and technological advances coupled with decentralization, are the main forces shaping the new health ecosystem, according to Souder.

\u201cSome impacts will grow the size of the pie, and others will shrink it,\u201d he said. \u201cWe\u2019re going to see a lot of impacts that are going to take some money out of this person\u2019s pocket and put it in someone else\u2019s pocket.\u201d

Souder sees this dramatic change occurring across all healthcare sectors between 2016 and 2025. As reimbursement increasingly focuses on value, health systems will pursue lower-cost settings more aggressively than before, while employing innovative approaches to distributing care.

When it comes to technology, he believes remote monitoring, telemedicine and mobile health will serve as \u201clow-velocity growth producers\u201d and \u201cinflators\u201d for the new healthcare economy.

According to a PwC report, in 2016 millions of American consumers will have their first video consults, be prescribed their first health apps and use their smartphones as diagnostic tools for the first time. Thanks to mobile healthcare technology and shifts in financial incentives, care will begin to move into the palms of consumers\u2019 hands, providing care anywhere and anytime, argues the firm.

Further, as the health system moves away from fee-for-service reimbursement, clinicians are leveraging virtual medicine to support population health initiatives and expand telehealth services in such areas as behavioral health. PwC says employers are embracing connected tools to engage employees in wellness programs and chronic disease management, while health plans are using the same to reduce spending.\u201d

In addition, Souder concluded that other technologies such as machine learning, artificial intelligence, and 3D printing will emerge as platforms for change and efficiency.","saveContent":"Although providers who are not yet involved in value-based contracts are seeking out payers that are experimenting with new payment models, merely entering risk-based arrangements are not sufficient for healthcare organizations to keep pace with the dramatic transformation the industry is about to go through.

That\u2019s the contention of Jon Souder, director of health industries advisory at PwC.

\u201cLooking at different payment models and continuing to operate in a business-to-business environment will not be enough. And the folks who don\u2019t adapt from that will be the losers in the new health economy,\u201d said Souder. \u201cIt\u2019s much more than the evolutionary change that we\u2019ve historically seen.\u201d

Speaking at Health Data Management<\/i>\u2019s value-based care conference in Dallas on Wednesday, Souder warned that the healthcare is headed for a \u201cseismic change\u201d as the industry transitions from traditional fee-for service that rewards the quantity of services to one that rewards the quality of outcomes.

According to Souder, true value in this new healthcare business environment is created only when partnerships extend beyond traditional health players.

\u201cWhat if you could get, in any given community, retailers, telecoms, doctors and grocery stores all to work together?\u201d he asked.

Shannon Smith, director at PwC, added that healthcare traditionally has operated as a \u201cbusiness-to-business system of silos connected by contracts.\u201d However, she said the \u201cdemand for value is really permeating every aspect of the industry, and it\u2019s bringing about a more innovative and collaborative ecosystem, centered around serving the consumer.\u201d

The rise of consumerism, as well as digitization and technological advances coupled with decentralization, are the main forces shaping the new health ecosystem, according to Souder.

\u201cSome impacts will grow the size of the pie, and others will shrink it,\u201d he said. \u201cWe\u2019re going to see a lot of impacts that are going to take some money out of this person\u2019s pocket and put it in someone else\u2019s pocket.\u201d

Souder sees this dramatic change occurring across all healthcare sectors between 2016 and 2025. As reimbursement increasingly focuses on value, health systems will pursue lower-cost settings more aggressively than before, while employing innovative approaches to distributing care.

When it comes to technology, he believes remote monitoring, telemedicine and mobile health will serve as \u201clow-velocity growth producers\u201d and \u201cinflators\u201d for the new healthcare economy.

According to a PwC report, in 2016 millions of American consumers will have their first video consults, be prescribed their first health apps and use their smartphones as diagnostic tools for the first time. Thanks to mobile healthcare technology and shifts in financial incentives, care will begin to move into the palms of consumers\u2019 hands, providing care anywhere and anytime, argues the firm.

Further, as the health system moves away from fee-for-service reimbursement, clinicians are leveraging virtual medicine to support population health initiatives and expand telehealth services in such areas as behavioral health. PwC says employers are embracing connected tools to engage employees in wellness programs and chronic disease management, while health plans are using the same to reduce spending.\u201d

In addition, Souder concluded that other technologies such as machine learning, artificial intelligence, and 3D printing will emerge as platforms for change and efficiency.","order":0,"get_parent":{},"attributes":[],"attributesType":{"content":{"type":"string","source":"raw"},"lock":{"type":"object"}},"dynamicContent":""}]

Success in value-based care requires unified tech approach

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