What’s on the horizon for the medical world in 2017? Here are 15 surprising medical stats around healthcare technology and innovation you should be aware of going into the next year.
- Only 41% of millennials said they view a doctor as the best source of health information, compared with 68% of respondents from other generations, according to a new survey of 2,400 adults by GHG / Greyhealth Group and Kantar Health. <<–Click To Tweet
- The same survey found that 30% of millennials consult blogs and message boards for health information, compared to just 13% of non-millennials. <<–Click To Tweet
In a recent webinar on telehealth Dr. Thomas Martin, Assistant Professor, and Graduate Program Director, Temple University College of Public Health showed us some great charts on telehealth.
- Gartner predicts that 40% of U.S. primary care visits will be virtual by 2018. By 2020, a quarter of all U.S. health care will be delivered virtually, 15% of Australian health care will be delivered virtually, and that number will be 10% for Western Europe. <<–Click To Tweet
- Dr. Thomas Martin anticipates a 4% reduction in Medicare payments in 2019. Congress has set aside $500 million to pay out providers through MIPS. Under last year’s Medicare Access and CHIP Reauthorization Act, Medicare Payments will increase 0.5% per year until the end of 2019. In 2020 payments will be based on providers’ performance. That performance will be judged based on the Quality Payment Program, which has two parts, the Merit-Based Incentive Payment System (MIPS) and Advanced Alternative Payment Models (APM). <<–Click To Tweet
- Speaking of Medicare, according to a new study it wasted $500 million on genetic blood tests last year. <<–Click To Tweet
- There are roughly 44 million Americans who are 65 or older, according to U.S. census data. Seniors make up more than 14 percent of the total U.S. population. <<–Click To Tweet
- According to internet-of-things device company GreatCall, caregivers for American seniors spend more than $500 billion per year. “Seventy-seven percent of older consumers say their No. 1 goal is to stay at home as long as possible as they age,” GreatCall CEO David Inns told xconomy. “So that’s what we’re trying to do.” <<–Click To Tweet
- “Virtual network operator” company GreatCall has more than 900,000 subscribers to its mobile telecommunications products and services geared toward older consumers. During its first few years the private company raised more than $75 million in venture funding. Today its annual revenue exceeds $250 million. The key to its success? Among other things, GreatCall runs call centers to help elderly customers learn how to use the company’s products. <<–Click To Tweet
- Here are some stats on nursing and EHRs from Adventist University of Health Sciences RN to BSN Online Program in infographic form:
- Speaking of nurses and health tech, Gartner predicts that real-time communications and collaboration solutions will replace 30% of nurse call systems by 2019. “The venerable nurse call system is in need of reinvention or retirement,” Vi Shaffer and the other authors write. “With the advances and convergence of clinical communications and collaboration, mobile apps, interactive patient care systems, care coordination applications, patient experience platforms, location and condition sensing applications, and medical device connectivity platforms, there will be many other ways, possibly less costly and more agile, to provide nurse call capabilities to the HDO within the next few years.” <<–Click To Tweet
Last month, Vox did some digging into prescription drug prices.
- Patients spent $14 billion on Humira prescriptions in 2015, roughly the size of Jamaica’s entire economy. <<–Click To Tweet
- In the United Kingdom your Humira prescription will cost, on average, $1,362. In Switzerland, you’ll pay around $822. In the United States, you’ll pay $2,669 on average. <<–Click To Tweet
- Experts estimate that social determinants of health (SDOH) account for 70% of avoidable mortality in the US. This is part of what drives the push for population health management. Today, more than 100 vendors compete in the provider population health space, with more popping up every day. But Gartner predicts that only one-quarter of those vendors will survive to see 2019, at least in their current form. This isn’t due to a reduction in spending, as HDO purchasing continues to increase. Gartner expects healthcare megasuite vendors to capture 40% of the population health spending by 2018. Rather, flawed business models and inadequate solutions will doom most vendors. The rest will have underestimated megasuite vendors’ competitive power. <<–Click To Tweet
These stats reveal that telehealth, outcome-based payments, internet of things, real-time communications, and population health management will continue to grow in 2017. What other trends do you see on the horizon? And what surprising medical stats did I miss? Let me know in the comments!