Healthcare Trends You Can Expect to See in 2019

healthcare trends for 2019

When it comes to healthcare, the old adage is true–the only permanent thing is change. From advances in medical technology to new health insurances regulations, the healthcare industry is constantly changing and evolving. Here are five healthcare trends you can expect to see in 2019:

  1. Telemedicine: What began as a way to treat patients in remote areas or those with limited access to healthcare either due to geographic proximity or a shortage of medical providers, telemedicine is becoming more mainstream. In 2019, you can expect to see more patients connecting with physicians through telecommunication and digital devices, and less sitting in the waiting room. By the end of 2021, it is predicted that telemedicine will be worth more than $66 billion.
  2. Value-Based Care: The shift toward value-based care will continue in 2019. With this model, physicians and hospitals are rewarded for helping patients improve their health and prevent and reduce the effects of chronic disease. Patients spend less money and become healthier, providers and suppliers become more efficient and the country’s overall healthcare spending will be reduced.
  3. Physician Consolidation: The burden to reduce healthcare costs are falling more and more on providers. As a result, patients can expect to see more physicians consolidate with other physicians groups to increase their efficiencies by leveraging shared resources. This also means a consolidation of resources and likely an increase in outsourcing common administrative tasks such as medical transcription, billing, and coding.
  4. High-Performance Networks: Not only are hospitals and physicians consolidating into larger healthcare networks and physician groups, but they’re also partnering with insurance providers to create high-performance networks. More employers, particularly large corporations, are offering high-performance networks because they often give them the ability to offer lower premiums and lower deductibles to their employees. However, due to low utilization, this is a trend to watch as it may fizzle out in the long-term.
  5. Increased Use of Technology: From augmented reality and artificial intelligence to automation and biometrics, one thing you can bank on is an increased use of technology in the healthcare industry. Currently, there is a big focus on blockchain chain technology which allows digital information to be distributed but not copied. Because the healthcare industry is such a prominent target for data breaches, the implementation of blockchain technology will continue in 2019.

In order to ensure their viability and long-term profitability for the future, physicians and hospital administrators should pay close attention to these healthcare trends in the new year and beyond. If you’re ready to invest in state-of-the-art technology solutions for your practice or healthcare organization, learn more about how Fast Chart’s innovative clinical documentation solutions can help you stay ahead of the curve and save you both time and money.

5 Ways Hospitals Can Reduce Rising Healthcare Costs

From new technology to advances in medical research, the healthcare industry is rapidly changing. One trend that continues is the year over year increase of healthcare costs. In 2018, the average annual premium for family coverage rose 5 percent, and in many states, the costs continue to increase at a rate faster than inflation. As… Continue Reading

Why Natural Language Processing Matters for Medical Transcription

Fast Chart’s clinical documentation Speech Understanding™ and Speech-Enabled EHR/EMR solutions use state-of-the-art technology including natural language processing to achieve a 98.5% accuracy rate for the healthcare providers that rely on them. What is natural language processing? Natural language processing (NLP) is a form of artificial intelligence that helps computers understand, interpret and manipulate human language. You… Continue Reading

How to Select the Right Clinical Documentation Partner

With the passage of healthcare reform in recent years, healthcare organizations and physician practices are feeling the pressure to do even more with less. Keeping services like medical transcription in-house simply don’t make sense financially. Outsourcing clinical documentation can help cut costs and improve efficiencies without compromising quality or data security but finding the right… Continue Reading

Digital Transcription Services: What Do They Entail

In the past, transcription was performed in non-digital forms such as VHS and audio cassettes. Unfortunately, these storage devices were limited in their capacity and often led to unclear audio. The good news, however, is that technology has made digital transcription today’s norm so healthcare providers no longer have to rely on VHS and audio… Continue Reading

All About Medical Stenography

Also known as medical transcription, medical stenography plays a vital role in the healthcare field. A medical stenographer transcribes medical reports recorded by doctors and other healthcare professionals. They use a variety of electronic tools to cover diagnostic imaging studies, regular office visits, emergency room visits, and summaries. In medical stenography, dictated reports are transcribed… Continue Reading

Threats to Electronic Health Records Security

The healthcare industry is constantly evolving and new tools to help medical providers are making their debut every day. One of the tools that has recently became widely used by healthcare organizations is electronic health records or EHRs. Under the American Recovery and Reinvestment Act, EHRs are now required by all medical entities. Since EHRs… Continue Reading

Introducing Our Partners

Here at Fast Chart, we work with several partners who help us provide healthcare organizations with the most cutting-edge, accurate, and affordable documentation solutions. We value our partners and look forward to bringing on new ones in the future. Here is a brief overview of the current partners that play a vital role in our… Continue Reading

Upcoming Insurance Changes

As a medical provider, you are used to the constant changes in the health insurance world. You also understand just how important it is for patients to find an in-network physician so they can reduce or even eliminate their out-of-pocket costs. If you would like to accept a variety of health insurance plans, you know… Continue Reading

WhiteCoat
TargetMarket

MENU