Health Care Market Trends: Tech, Tax Reforms, & Consumer Focus - Essay Sample

Introduction

There are many current trends in the health care market due to changes in public sector markets and also the tax reforms legislation in the US. The information and technology have maintained continuously its significance, although it is timing in delivering information is keeping on shifting (Vogenberg & Santilli,2018). It so happens together with various disruptive tendencies that are changing the market trends. There has been an emergence of a clear consumer focus as well as efforts of transforming the healthcare experience to a positive use delivery system and supply chain that are unchanged. This presentation aims to discuss various current trends in healthcare, as well as to draw conclusions out of them.

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Current Trends

Outside suburban hospitals that are in big cities where there is the formation of various health systems, numerous patients in the US are now receiving care in rural institutions that are offering tests to the providers and the patients. They have been providing vital health care services to more than 57 million people (American Hospital Association, 2019). The rural health caregivers are in a predicament as a result of the financial saving cuts by the government. The result of this crisis will be the closure of many rural hospitals. The decline in the number of physicians, as well as the opioid epidemic, also add to the crisis (National Rural Hospital Association, 2019).

Since there have been increasing costs incurred by the consumers, they are now more engaged to make sure that they get the best value of the money they use. They are now expecting more transparency and choice in healthcare (Vogenberg & Santilli,2018). The baby boom group is continuing to drive healthcare as well as the pharmaceutical adoptions and costs and possibly won't stop doing so. The majority of companies are delivering high-deductible health plans (HDHPs) together with old programs, where employers are looking at ways of shifting some costs of healthcare to employees.

There are also profound changes in the workforce, as many employees are getting more education through retraining and upgrading their skills. The healthcare workplace has, however, lagged in the communication sector. Besides, there is a significant technology gap in the corporate communications of these institutions (National Rural Hospital Association, 2019).

Conclusion

Despite the constant market landscape in healthcare from the perspective of the legislature, there is a continued evolution of the market. The change has made the healthcare providers face reduced reimbursement, and also the consumers are having limited access to the healthcare plans in the country.

References

American Hospital Association (2019). Rural health care. Retrieved from: https://www.aha.org/advocacy/small-or-rural /. Accessed on 18th October 2019.

National Rural Hospital Association. (2019). Medicare cuts hurt rural America. Retrieved from: https://www.ruralhealthweb.org/advocate/medicare-cuts-hurt-rural. Accessed on 18th October 2019.

Vogenberg, F. R., & Santilli, J. (2018). Healthcare Trends for 2018. American Health & Drug Benefits, 11(1), 48. Retrieved from: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5902765/.Accessed on 18th October 2019.