What are the Top 10 Challenges and Opportunities Healthcare Executives will Face in 2020?

After a thorough survey, discussion and industry market research and one-on-one discussions, here are the top ten challenges and opportunities for healthcare executives in 2020:

1. Costs and Transparency:

The biggest challenge is going to be the rising cost of medical care and pharmaceuticals and its impact on the quality of service healthcare organizations are providing. 

2. Patients’ Experience:

Another challenge is to ensure that interaction with patients is smooth, the response is timely, maximum convenience is provided and outcomes are also easy so that health naturally fits into the ‘flow of life’ of each individual’s day to day activities. 

3. Transformation of Delivery System:

In order to overcome barriers including social factors of health to have positive outcomes, there should be a functionalizing, coordination and delivery system transformation of non-medical and medical services through healthcare and community based organization’s collaboration. 

4. Effective Use of Data and Analytics:

Using highly unstructured and variable data, like the history of patients, prescription, lab reports, socioeconomic, geographical data, demographics, and lifestyle behaviors of customers, and advanced analytics for the betterment of health diagnosis. As well as, decreased managerial cost, focusing more on value than volume, and support human resource capability.

5. Interoperability / Customer data availability:

One of the rising challenges is the assimilation and betterment of data points of available information of patients, contractors, financial authorities, members, research companies and workflows. The goal is to ensure a value-generating cohesive system and data bank that will support electronic human resource domain, financial hub, admin departments, clinical studies, and electronic health information exchange that will be accessible to all the key stakeholders for real-time use and also financially viable.

6. Comprehensive Health of Individual

Analyzing, concluding, and bettering comprehensively patients and healthcare individuals complete medicinal, lifestyle, behavioral, academic, socioeconomic, psychographics, demographics, and ecological safety for an effortless and linked healthcare action.

7. Futuristic Mode of financial transaction

Coming up with a financial system that can combine and integrate operational and technical modules for a more integrated and reasonable way to handle pricing matters, risk and mitigation as well as improving results based on quality that will smooth the change from volume to value. This will include more focus on balloon payments, clubbed payments, installments, combined savings, and risk distribution.

8. Available platform for healthcare

With the increase reliance and rapid growth in shared networks, mobile applications, data hubs, and available information on network, health care professionals have to disrupt the market and come up with ideas and executive innovative platforms. With the objective to provide healthcare such mobile health applications, telephonic healthcare professional guidance, healthcare gadget, medical devices, innovative clinics, healthcare at-home solutions, and moving healthcare from hospitals and clinics to patients the convenience to their home and offices.

9. Robust policy for Healthcare

There are rapid changes in healthcare policy regarding pharmaceutical and healthcare regulatory updates, changes in government regime that upsets the healthcare and pharmaceutical industry equilibrium.

10. Safety and Confidentiality

Providing patients and customers with robust internet networks that have a strong infrastructure that keeps data and personal information safe from any cyberattacks and gives confidence to the end-user that their data is safe from any pilferage. 

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