Reform and health for all are amongst six patterns most likely to shape healthcare after the COVID-19 pandemic, according to a new analysis from McKinsey & & Co., a worldwide management consulting firm.
The 6 trends:.
Kelly Gooch –
Tuesday, September 29th, 2020
1. Reform. The analysis focuses on three most likely reform patterns: COVID-19-era CMS waivers associated to medical care and finance that might end up being long-term; actions that might strengthen the industry to handle pandemics; and reforms to deal with the recession caused by COVID-19.
2. Health for all. The report highlights 5 health and social conditions correlated with poorer health outcomes: physical health status, behavioral health obstacles, unmet social needs, racial injustice and access to care. Resolving these problems is seen as crucial to more equitable health care outcomes.
3. Period of exponential improvement let loose. Technology-driven innovation might assist result in easier, customized client care and develop annual worth of $350 billion to $410 billion by 2025, the analysis states. “While the speed of modification in healthcare has lagged other markets in the past, potential for rapid improvement may speed up due to COVID-19,” the company said.
4. The huge capture. An injection of financing into health care to alleviate insurance coverage shifts and state budgetary pressures due to COVID-19 may not happen by 2022, according to the analysis..
6. Next-generation managed care sped up. With more families strapped for cash due to task losses and other elements triggered by COVID-19, the experts recommend payers and employers think about reconsidering the structure of employer-sponsored health coverage. “Learnings from Medicare Advantage might provide motivation for such a reimagination,” the firm stated..
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Check out more about McKinsey & & Co.s viewpoint here.
Health for all. Technology-driven development may assist lead to more practical, individualized client care and produce annual value of $350 billion to $410 billion by 2025, the analysis says. “While the rate of modification in health care has lagged other markets in the past, potential for rapid enhancement may speed up due to COVID-19,” the firm said.
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The analysis focuses on 3 likely reform trends: COVID-19-era CMS waivers related to clinical care and finance that might end up being permanent; actions that might enhance the industry to deal with pandemics; and reforms to address the financial crisis triggered by COVID-19.
With more households strapped for money due to task losses and other aspects caused by COVID-19, the experts advise companies and payers consider rethinking the structure of employer-sponsored health coverage.