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Assessing the Biggest Disruptors in Healthcare
A new American Hospital Association report takes a closer look at the biggest challengers to healthcare's status quo, and challenges traditional providers to be innovative to survive in a competitive primary care market. The primary care landscape, which accounts for some $260 billion in annual healthcare spending, is ripe for transformation. The growth of direct-to-consumer telehealth and the retail healthcare industry are putting traditional providers on notice: Embrace innovation or fade away as consumers take their healthcare elsewhere. To understand how to offer primary care in this chaotic landscape, healthcare leaders might do best to look at how disruptors are entering the space. That's the gist of a report from the American Hospital Association, which cites a Bain & Company analysis that indicates 30% of that primary care market could be owned by those non-traditional providers within seven years.
Medigy Insights
The American Hospital Association (AHA) has released a report urging traditional healthcare providers to embrace innovation in order to survive in an increasingly competitive primary care market. With an annual healthcare spending of $260 billion, the primary care landscape is ripe for transformation due to the growth of direct-to-consumer telehealth and the retail healthcare industry. To remain competitive, healthcare leaders are urged to examine how disruptors are entering the primary care space. A Bain & Company analysis indicates that non-traditional providers could potentially own up to 30% of the primary care market within the next seven years. The AHA report highlights the importance of adopting new and innovative approaches, including technological advancements and partnerships with non-traditional providers, to remain relevant and competitive.
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