2019 will be a year of value-based care as we will see the ‘outcomes-based care’ focus to globalize. By triggering maturation of risk-sharing in solution contracting between drug/device original equipment manufacturers (OEMs) and providers,this will drive business value for providers.For the upcoming 2019 elections in emerging markets such as Asia, Africa and, Central and Eastern European countries, access to affordable and quality care will be key political agendas. Top predictions for global healthcare 2019 are as follows:
Shifting of Blockchain from Hype to Real Initial Commercial Implementations Generating ROI
From perceived hype to early commercial deployment, blockchain’s shift this year would be an interesting one, especially demonstrating initial ROIs across enterprise B2B focused initiatives. 5%-10% of healthcare-focused enterprise blockchain applications are anticipated to move from pilot stage to partial/limited commercial availability by the end of 2019. Companies such as Hashed Health, Change Healthcare, and Guard time will continue to expand their already commercial use cases. By the end of 2019, a selective churn of healthcare ICOs and startups’ proof-of–concepts will finally yield few promising use cases going commercial, luring in the waiting early adopters to finally jump on board creating the much-needed network effect in healthcare space. The debate will now move onto the topic of adoption exploring HOW and WHERE can blockchain technology be used in the healthcare space.
Healthcare Payer Industry Shaken Up by Innovative Private Insurance Models
The current health insurance policies available are aged and hence often fail to meet the personalized needs of individuals. The health insurance industry saw less than 1.5% growth as a result during 2018. A number of insurance companies are already providing data and digital-driven healthcare services to their policyholders to ensure future growth globally to personalize the experience and reduce the cost from potential claims. By the end of 2019, it is predicted that 5-10% of health insurance plans will be linked to lifestyle and health data-driven interactive policies in some form. As per Frost & Sullivan research, interactive policy will continue to gain popularity globally because it enables insurance companies to leverage individual data and then uses it to personalize premiums and discounts/rewards.