Prediction: Sales of financial instruments to help people address their care needs in the future, such as annuities and hybrid Life-LTC-Critical Illness insurance policies, will continue to grow. As later-stage VC funding deal share increases and matures, along with the uptick in IPO activity during 2019, we anticipate five digital health unicorns will exit via IPOs by the end of 2020. Perry Price, President, Chief Executive Officer and Founder, Revation Systems. From data and analytics, to patient empowerment, the advancements from the past year may indicate the industry is finally about to reach its most pivotal moment yet. Although not every area is feeling the same pinch in provider shortages, even small personnel decreases in a facility can have a big impact on the wellness of medical care providers. We believe the sustainability of the annuity-based reimbursement model will unlock commercialization potential of gene therapies and achieve revenue of $2 billion by the end of 2020. The future of healthcare payments: Predictions for 2021. We anticipate during 2020, interoperability will finally take a major step forward in terms of government policies, vendor acceptance and strategic focus by healthcare IT buyers. Here are three predictions for how medical practitioners will continue to focus on the ‘care’ element in the future of healthcare. China will continue to catch up to the US on some important health metrics as it strives to become the “world’s best and cheapest health system.”. Share. We distil the information for you – saving time and keeping you up to date on your interest areas. While 2020 has been a … Three years later, the pace and scale of innovation has meant that some of these original predictions are already a reality while some are still a … For example, between 2014-2019 (Q1), there have been 576 M&As compared to just 15 IPOs in the digital health space (despite IPOs in the digital health space performing comparably to their peers). The benefits of locum tenens can have a particular impact in medically underserved areas. As innovations reach into the medical industry and begin to transform experiences, practitioners and patients alike will need to prepare for unexpected benefits and consequences of change. 3 Predictions for the Future of Healthcare. Most of the emerging countries in regions such as Asia and Africa are often know to be “data-rich but information-poor.” Many of these countries are developing their national eHealth policies (e.g., India) and are likely to embrace interoperable systems from the beginning stage to ensure future scalability. Prediction #4: Continued VC funding mega-rounds make 2020 a banner year for Digital Health Unicorns’ IPO exits. By the end of the coming decade, blockchain-based personal health records (PHR) will be considered foundational for ensuring access and ownership of individual health data. Accelerated growth will require the healthcare industry to find new solutions for addressing the shortage. There was a time when measles was a death sentence, but not anymore. This Deloitte Centre for Health Solutions’ report builds on its 2014 report Healthcare and Life Sciences Predictions 2020: A bold future? As more medical specialties become available online with telehealth and virtual care, these services can provide significantly better outcomes for patients, particularly in medically underserved areas, like rural communities. A surgeon’s 3 predictions for the future of healthcare design COVID-19 will fundamentally change the experience of getting treatment when we’re sick. The US government will take significant steps forward to force the industry to enable interoperability in patient medical records, reigniting the shift to personal health records versus enterprise health records. I spend my free time practicing yoga, travelling and learning from other cultures. A recent national study of the challenges facing modern nurses validated these findings, with 91 percent of respondents saying their facility was understaffed. We also anticipate the first molecule discovered using AI to enter early phase clinical trials in the next 12 to 18 months. In the pharma sector, AI investment deals will continue to pick up, especially for drug discovery applications. We strongly believe that only digital health can bring healthcare into the 21st century and make patients the point-of-care. Futurist Jack Ulrich predicts that hospitals will become more accountable and efficient by providing coordinated, standardized care. Medical science is using stem cells to grow new organs, a surgeon in New York City removed the gall bladder of a patient in France using remote robotic arms and Dutch surgeons 3D-printed a replacement section of a woman’s skull. Let’s take a look at some interesting points. Prediction 8: 2020 will be a year of ‘Retailization’ for the healthcare industry, promoting the ‘Comparison Shopping’ consumer mindset. Prediction: Total spending on healthcare in the U.S. will pass $4 trillion annually and will consume at least 20 percent of GDP within five years. Below are six predictions for healthcare in 2020, according to Frost & Sullivan: 1. Telemedicine promises to solve the most challenging problems in the healthcare system in the years to come, allowing access to care in a cost-effective way. 3 Predictions for the Future of Healthcare Posted On 11/06/2018 by Haley Nuckols Never has there been a more dynamic time in healthcare, and the pace of change is extraordinary. Opinions expressed by Forbes Contributors are their own. As a public health crisis continues to loom, many healthcare provider organizations stand on the verge of new case surges and health insurers face threats to future financial performance. We believe that in the coming decade, SDOH data will be critical inputs to optimize individual care costs and improve the quality of care provided by hospitals and health systems. There are two reasons we expect increased IPO activity in the next 12 to 18 months. I also focus on looking at reverse innovation, issues of convergence and new business models. The Future of Healthcare: 3 Predictions for the Next Five Years (Added 12/3/19) To 2020 And Beyond: Top Tech Trends (Added 12/3/19) Top 8 Predictions That Will Disrupt Healthcare in 2020 (Added 12/4/19) Healthcare trends that will rock medical care in the 2020s (Added 12/5/19) What does the future hold for our health? Predictions for the future of the NHS Access to healthcare via smartphone apps ID Medical has predicted that 2020 could see the advent of smartphone apps providing therapy for mental health conditions — such as depression and anxiety — more widely in the UK. Medical science was taking great strides around the turn of the 20th century. More on Future of Health and Healthcare View all How China pays for its COVID-19 medical bills During a pandemic, how medical costs are shared among the state, insurers and patients has a profound impact on individual wellbeing and welfare. Editor's Note: In a recent webinar, two industry veterans from Welltok and Oliver Wyman shared new predictions on how 2020 may unfold regarding partnerships, politics, personalization, and technology. As we are on the verge of entering a new decade of change globally, 2020 will be a reality check for long-pending national healthcare policies and regulatory reforms that must reinvigorate future strategies. AI-driven digital assistants are valuable for checking symptoms, submitting prescription refills, scheduling appointments and monitoring communication with healthcare professionals. 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