Health Care Industry

HealthCare Industry

HealthCare Industry

Past

Inthe last ten years, the health care industry has experiencedphenomenon changes and development. However, some aspects of thehealth care industry remain the same. Some of the things that haveremained unchanged in the last ten years include disparities in theaccessibility of health care when the rich and the poor are compared.Additionally, there is an increase in the number of individualswithout health care insurance in the world (Kevin, 2013). In the lastone decade, there has been an increase in the global health carespending, which has increased the portion of economic resources goinginto health care. Governments have implemented various health carereforms that are aimed at increasing health insurance coverage andaffordability of health care services. However, the number of peoplewith no insurance coverage has remained high. The technologicaldevelopment, emergence of new health care challenges and increasedglobal population has made health care services more expensive(Bernard, 2014).

Despitethese challenges, there are positive developments that have emergedin the last ten years. Technological advancement have increased theaccessibility to healthcare services, streamlined the management ofhealth care facilities and increased the effectiveness of diagnosis,treatment and management of health care issues. Additionally, themedical sector has experienced major biotechnology development suchas biochemistry, genetics and immunology among others. Among thegreatest technological advancement in the healthcare sector is theuse of information technology mainly electronic health records. Inthe last one decade, majority of health care facilities in thedeveloped world have adopted electronic health records in maintainingpatients’ records (Koutsouris, 2014).

Present

Today,despite the many challenges that continue to face the health caresector, there are several strides that have been made. The modernhealth care sector is faced by many challenges such as anincreasingly aging population, increased health care costs andemerging health challenges. The aging population has had hugefinancial implication due to the increased number of people reachingretirement age, but with increased health care demands.Also, the increased number of people suffering from terminal diseaseshas impacted negatively on the global health care system. In manypart of the world, accessibility to affordable and accessible healthcare is still a dream. This is due to the fact that majority ofpeople have no access to medical insurance and therefore have to payfor medical services from their pockets. However, it can be arguedthat the modern health care system is at the pinnacle ofbiotechnology and information technology (Bernard, 2014).

Future

Inthe next ten years, the health care will be expected to adopt furtherto the changes in technology. There will also be massive changes inthe health care market due to changes in the society and healthchallenges that are likely to emerge. It is hoped that some of thediseases in the modern world that have no cure, for example, cancers,will have cure in the near future. With the increased health careknowledge among the patients, consumers of health care services areexpected to have more control of their health in the future. Thus,there will be an explosive expansion of health technologies thatfacilitate self monitoring especially in relation to terminaldiseases. Additionally, new health care reforms have given the publicexpanded coverage options. It is expected that more ambitious healthcare plans will emerge with the main focus of improving cost sharingand increasing affordability (Kevin, 2013).

Inthe next ten years, there will be gradual and steady change from avolume based health care system to a quality and value based system.The increased patient knowledge and changes in technology willimprove the delivery of health care services. New payment mechanismsare likely to emerge which will improve cost effectiveness and risksharing. Consolidation of health care organization, hospitals,nursing facilities, health insurance and pharmaceuticals is likely toemerge in the next decade. This will create a super health caresystem which will increase quality of services and efficiency. Thereare several biotechnological advancements that are likely to comeinto live and find applications in the health care sector in the nextfew years. This includes, but not limited to, human stem cell andhuman genome application in therapeutic treatment, robotictechnologies in surgeries and combine therapy drugs in the treatmentof diseases. With increased insurance coverage and use of technology,it is hoped that the accessibility and affordability of health careservices will improve significantly in the next one decade (Kevin,2013).

References

Bernard,H. (2014). Introductionto health care services: foundations and challenges,San Francisco, CA: Jossey-Bass &amp Pfeiffer Imprints, Wiley.

Kevin,M. (2013). GlobalHealth: An Introduction to Current and Future Trends,New York, Routledge.

Koutsouris,D. (2014). Conceptsand trends in healthcare information systems,Cham: Springer.

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