Healthcare is transforming, at an accelerating rate driven by market dynamics. A shift to empowered, incented consumers, competition for treatment location, modality and convenience, and an unsustainable cost burden. Healthcare organizations are adapting new business and payment models, enhancing patient and care team engagement and shifting their focus from episodic care to longitudinal health, to enable their mission, and the populations they manage, to thrive.
Philips views this transformation as a journey to continuous health in which healthcare organizations implement processes enabled by the aggregation of data, purpose-driven analytics and impactful workflow – to assess, manage and empower the health of individuals and populations they serve.
Three trends are fueling the transformation:
- The Consumer Effect is redefining the “who.” Passive patients are becoming active consumers who demand faster, better and more thorough service.
- The Convenience Effect is defining a new view of “where, when and how” care is delivered. Consumers seek care that can be delivered on their schedule, at a time and place of their choosing.
- The Wallet Effect is driving an ever-increasing personal cost burden – high-deductible plans and increasing copays and insurance costs are creating consumers who feel the burden, and evaluate and demand more value for their dollars.
To learn more about the transformation to continuous health and moving beyond sick care to true health delivery, download the white paper below.