Vince Kuraitis, advisor and strategic healthcare consultant, connected with PatientPing’s founder Jay Desai on the potential for healthcare to transform into a platform industry: Think Facebook, Google or Amazon. To Vince, healthcare desperately needs to capitalize on the network effect, but this can’t happen until healthcare embraces platform companies to support this business model.
The Emergency Department (ED) is a chaotic place, and is unfortunately the start of many patients’ healthcare journeys. The ED has traditionally been an area of healthcare that could benefit from stronger care coordination.
By the year 2050, there will be nearly 86 million people in the US over the age of 65, effectively doubling the current senior population. As this population continues to grow, providers are tasked with serving more patients in an environment already facing pressures to reduce costs. As care coordination continues to be at the forefront of care quality conversations, providers have the opportunity to fit together all of the aspects of patient care to keep this population healthy.
In less than three months, Mr. K went from seeing only his primary care physician (PCP) to seeing 11 clinicians in 11 different offices for five procedures. During that time, he learned he had both a kidney stone and cancer in his liver, necessitating quick action in a limited timeframe. Throughout the process, his PCP coordinated his care, communicating with the new providers 40 times combined, and with Mr. K and his spouse a total of 12 times.
In many ways, families are the backbone of patient care. Children’s hospitals have known this for a long time. They often give out laptops, do laundry, and provide comfortable overnight accommodations for parents of children in the hospital. They know that when children are sick, parents are the ones who comfort them, give them medicine, feed them, and help them adhere to treatment plans.
When asked her top priority for Patient #4, the hospital nurse caring for her stated that keeping the patient in bed would be best. And the doctor’s orders? “Get her out of bed.”
The dramatic rise in opioid use in the United States has forced emergency rooms to the front lines in our nation’s fight against drug addiction. ER doctors and nurses are now in a daily struggle in the choice between appropriately alleviating a patient’s pain and possibly feeding an established or growing dependency.
In many industries, corporate consolidation is championed for increased efficiency and revenue. But, as a wave of consolidation has hit healthcare, it’s been met with mixed outcomes.
With healthcare M&A activity reaching new highs in 2015, it is clear the industry is in the midst of widespread transformation and conglomeration. A 2016 Modern Healthcare survey found that nearly 80% of healthcare CEOs believe the rate of consolidation will remain consistent or accelerate in the coming years.
As healthcare continues its shift from fee-for-service to value-based care, providers have been looking for ways to partner with other entities in order to keep up with the changing landscape. For small medical practices facing significant pressure, the promise of reaching economies of scale is driving them to look at options like Clinically Integrated Networks, or CINs.
In this digital, tech-enabled world, clinicians across the care continuum still rely on patients to self-report their current and previous medications. Given that one-third of Americans take five or more prescription drugs, medication histories often get spotty, leading to potentially dangerous outcomes.