05 Dec 3 In a similarly inspiring recent discussion (2017)

v3

In a similarly inspiring recent discussion (2017) conducted with the Staff of the Wall Street Journal, Kaiser Permanente CEO Bernard Tyson discusses his perceptions of how health care is evolving, the increased use of technology and medical sensors, and the future of the hospital.

The Future of Health Care: Hospitals: https://www.wsj.com/video/the-future-of-health-care- hospitals/139C7926-02A5-4A0C-BDA9-093A3A7BDF12.html Suggested Readings & Support Resources: Despite the potentially stunning implications of these visualizations of the future, the question remains, ’how will these changes and improvement be financially sustainable’? With this in mind, the Healthcare

Financial Management Association (HFMA) offers a four part series, titled, ‘Healthcare 2020’. This series examines four critical segments of progressive change in the health care industry and offers leaders guidance on how to prepare for the major health care market trends over the coming years. In the first report of the series, HFMA, “…examines the healthcare industry’s ongoing transition to value, including trends in payment reform, consumer choice, mergers and acquisitions, and innovation that are transforming the healthcare business model. The authors’ Insights includes how provider organizations and health plans can collaborate in shared-risk models that aim to increase the value of healthcare delivery.”

Part 1 – The Transition to Value (19 pages): https://www.hfma.org/healthcare2020/ In the second report, the authors, “…examine how provider organizations and health plans should be preparing for the ever-increasing influence of consumerism in the healthcare industry. The report describes how organizations can help promote a state of “health ownership” among consumers and why

developing an enhanced understanding of what drives individual healthcare consumers will be especially important.”

Part 2 – Consumerism (17 pages): https://www.hfma.org/healthcare2020/ The third report in this series evaluates, “…the effects of consolidation on the healthcare industry over the next several years, including the outlook for hospitals and health systems, physician practices, and health plans. Portions of the report explore antitrust enforcement and whether mergers and acquisitions can translate into value for the consumer instead of merely for the consolidating entities”.

Part 3 – Consolidation (21 pages): https://www.hfma.org/healthcare2020/ The last report in the series, “…describes the need for healthcare organizations to stay ahead of the curve with respect to innovations in clinical care delivery and healthcare business processes that could reshape the competitive landscape. At stake is market share in both emerging and existing markets. Nurturing an innovative culture and developing the infrastructure to support innovation efforts are vital steps.”

Part 4 – Transformative Innovation (18 pages): https://www.hfma.org/healthcare2020/