CHARLOTTE, N.C.--(BUSINESS WIRE)--
Despite industry uncertainty about the fate of healthcare under the
Trump administration and a Republican Congress, health system leaders
are preparing for the changes ahead in five key areas, according
to a recent Premier Inc. (NASDAQ: PINC) survey.
In priority order, health system leaders are focusing on:
Managing costs, with a focus on drug spending
Moving from meaningful use to meaningful insights
Engaging and satisfying consumers
Shifting toward population health, risk and scale
Continuing differentiation on quality and costs
“In this period of great uncertainty and concern, healthcare
leaders are understandably focused on managing costs,” said Mike Alkire,
chief operating officer of Premier. “They are also clearly working hard
to make sense of all the data they have, most of which remains in silos.
Making sense of that data has clearly become a priority for leaders as
has the movement toward a more consumer-centric and accountable care
Premier, a leading healthcare improvement company, surveyed health
system C-suite leaders to understand how the political climate will
affect business decisions and investment strategies.
Breaking down the key findings:
Managing costs, with focus on drug spending: Healthcare
leaders will be focused on improving productivity and reducing supply
chain inefficiencies and pharmaceutical costs, as well as clinical
65 percent intend to increase or increase substantially efforts to
control cost of care management efforts and no respondents planned
to reduce investments.
61 percent report they will be increasing or increasing
substantially the management of rising pharmaceutical spend and no
respondents planned to decrease focus on this area.
Moving from meaningful use to meaningful insight: Health
systems are moving beyond recording data in electronic health records
toward integrating and combining data to streamline analytics on
supply chain, financial and clinical care for evidence-based
53 percent will increase or increase substantially a push to
integrate data from disparate sources and/or make investments in
analytics and no respondents indicated they would decrease focus
on this strategy.
50 percent will increase or increase substantially their efforts
to improve interoperability of existing health technology and no
respondents indicated they would decrease investments.
47 percent will increase or increase substantially the utilization
of technology to support risk-based contracts and no respondents
planned to reduce investments.
Engaging and satisfying consumers: With high-deductible
health plans and health savings accounts, consumers will increasingly
choose economical, accessible healthcare options. As such, providers
are focusing on increasing use of health system-affiliated ambulatory
clinics and stand-alone primary care providers, engagement strategies
like online apps and telemedicine and care management teams.
56 percent will increase or substantially increase patient access
to clinicians through telehealth and no respondents planned to
45 percent will look to increase or substantially investments in
patient engagement initiatives and no respondents indicated they
would decrease investments.
Shifting toward population health, risk and scale: After
being championed for years by the last administration, the shift
toward value-based care continues to be an important strategic focus
for hospitals and health systems. Healthcare leaders continue the
development of high-value networks with clinicians and providers
across the care continuum to deliver improved patient outcomes.
45 percent will increase or substantially increase expansion of
post-acute care services through partnerships and no respondents
planned to reduce investments.
40 percent indicate they will increase use of expanded healthcare
team structures to include care coordinators, clinical
pharmacists, nurse practitioners and other healthcare extenders.
No leaders indicated they would decrease use of this strategy.
Continuing differentiation on clinical quality and costs: Health
systems continue to pay attention to quality reporting and management,
but this has clearly become a part of the standard operating practice
for healthcare leaders and is requiring less focus and attention.
46 percent report their health systems will increase or
substantially increase use of quality reporting systems for
clinicians for public payers (i.e. MIPS). Two percent of
respondents indicated they would decrease investment in this
36 percent said they will increase or substantially increase use
of quality reporting systems for commercial payers and no
respondents planned to reduce investments. No leaders indicated
they would decrease focus on this reporting.
The survey was conducted online, with the
results based off responses of 63 healthcare C-suite leaders (CEO, COO,
CMO, CFO, CIO or CTIO) from January 3 – February 6, 2017. Participants
were selected and invited to join the panel by Premier prior to survey
About Premier Inc.
Premier Inc. (NASDAQ: PINC) is a leading
healthcare improvement company, uniting an alliance of approximately
3,750 U.S. hospitals and more than 130,000 other providers. With
integrated data and analytics, collaboratives, supply chain solutions,
and advisory and other services, Premier enables better care and
outcomes at a lower cost. Premier, a Malcolm Baldrige National Quality
Award recipient, plays a critical role in the rapidly evolving
healthcare industry, collaborating with members to co-develop long-term
innovations that reinvent and improve the way care is delivered to
patients nationwide. Headquartered in Charlotte, N.C., Premier is
passionate about transforming American healthcare. Please visit
Premier’s news and investor sites on www.premierinc.com.
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Source: Premier Inc.