In 2020, 19% of Americans are very satisfied with the quality of medical care in the U.S. This percentage has remained stable throughout the past two decades.
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But healthcare leaders still find themselves in a precarious position due to considerable revenue loss. The American Hospital Association predicts that the financial strain on hospitals and health systems due to lower patient volumes “will continue through at least the end of 2020” -- a likely total loss of $323 billion in 2020. Gallup has conducted research in the field of healthcare for decades, including just before and during the pandemic. A recent review of this research uncovered five forces that are paramount for any healthcare organization’s survival -- through the current crisis and beyond. Gallup has conducted research in the field of healthcare for decades, including just before and during the pandemic. A recent review of this research uncovered five forces that are paramount for any healthcare organization’s survival -- Accountable care organizations (ACOs) have invested significantly in value-based care in recent years. It’s important to protect and even grow participation in this vital program. But healthcare organizations committed to value-based care must know that achieving key results in the future will require a shift away from conventional thinking and legacy ways of working. through the current crisis and beyond. Reimagine Value-Based Care.
The five forces that are paramount for healthcare organizations’ survival are: Reimagine value-based care; Prepare to be constantly disrupted; Embrace virtual healthcare; Manage mergers effectively; and Maximize the value of the ecosystem.
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The Business Review | February 2021
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