Role of the Private Sector

Trends and Challenges

The private sector is rapidly moving to develop new ways to provide patient care. This will heavily influence the ways academic health centers not only deliver care, but also how they educate health professionals and conduct biomedical research.

Current market trends include:

  • Continued consolidation of healthcare markets
  • Ongoing ventures into the “retail care” market, such as new urgent care clinics
  • Outcome- or value-based care that drives new approaches to care delivery as well as population health management
  • Increasingly empowered patients who will make more choices based on access to healthcare information and a growing variety of new healthcare wearables and isideables
  • Hospitals will be challenged to adapt to new point-of-care models and respond to growing patient satisfaction tools
  • The increased role of machines and new diagnostics
  • Solutions to the management of “big data” will present a vast array of options with no one clear optimal solution

Elements of New Care Delivery Models

The private sector will continue to challenge academic health centers’ as the care model moves away from a siloed and fragmented model; new emphases in care delivery will call for:

  • An enriched understanding of health care delivery as a multi- and inter-professional system
  • Skill in managing big data and directing complex systems of care to include systems theory, implementation science, organizational behavior and culture change, and new approaches to operations management
  • Leadership development and succession planning
  • The ability to adapt to the use of new technologies and innovation in healthcare delivery
  • New physician training models that encompass a “modern” skill set including data analytics, relevant billing systems and processes, and technology innovation
  • Enhanced coordination with private sector innovators and providers

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