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Next-Generation Delivery Models Built on Value and Quality of Care to Shape Future Healthcare Finds Frost & Sullivan - The means to evaluate, pay for, and provide care will evolve to greater adaptability and targeted support from vendors - Frost.com
Next-Generation Delivery Models Built on Value and Quality of Care to Shape Future Healthcare Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2015/02/05 - The means to evaluate, pay for, and provide care will evolve to greater adaptability and targeted support from vendors - Frost.com.

   
 
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Change in the healthcare industry has historically been slow owing to a complex ecosystem of stakeholders devoted to legacy systems and methods of operation. However, financial pressures and technology trends are accelerating the pace of change and are heightening the need for the global healthcare industry to adapt.

New analysis from Frost & Sullivan, Next-generation Healthcare Global Advanced Medical Technologies 2014 (frost.com/nde7), finds that healthcare delivery is transitioning from service type models toward business models built around value and quality of service. Companies with solutions around specific procedures or treatments could see attrition as cost pressures and reimbursements continue to undercut future market opportunities. Integrated platforms addressing wellness and preventive health, on the other hand, will capture new money funneling into the system.

“The future of healthcare sustainability requires a significant evolution in how value is compensated and what means and methods are used to pay for care,” saidFrost & Sullivan Healthcare Principal Analyst Venkat Rajan. “Solving issues plaguing the healthcare system will require the aggregate impact of many lower key changes rather than a handful of enacted macro overhauls.”

Many companies that have attempted to launch initiatives tied to wellness, connected health and disease management have stumbled in the endeavor as the solutions were not monetized properly or structured in a manner where customers could quantify use value. Rather than rigid, off-the-shelf solutions, the healthcare market is looking for greater adaptability and targeted support from vendors.

Further, although several participants have sought to launch services and value-add components to their offerings through big data solutions, there is little market value for generating, collecting and storing large sets of data. The key to data monetization involves integrating and leveraging information from multiple relevant sources to benchmark performance, identify risks, forecast trends and make recommendations.

“As opposed to discrete interactions, the provision of healthcare is moving to a model where information is transmitted and shared in real-time between individuals and caregivers,” explained Rajan. “Collaborative patient-centric disease management strategies and industry convergence will bridge the disconnect between various clinical specialties and transform care delivery models globally.”

Next-generation Healthcare Global Advanced Medical Technologies 2014is part of the Visionary Healthcare Growth Partnership Service program. This study analyzes trends impacting the future of healthcare delivery and market participants in the industry. The study looks strategically at some of the most significant transitions occurring in the industry and where future opportunities lie.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on “the next big thing" | Register: Gain access to visionary innovation

Next-generation Healthcare Global Advanced Medical Technologies 2014 / NDE7-54

 
 
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Next-Generation Delivery Models Built on Value and Quality of Care to Shape Future Healthcare Finds Frost & Sullivan

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Contact: Mireya Espinoza - Frost.com 
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