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3 Trends That Will Drive Healthcare Revenue in the Future

3 Trends That Will Drive Healthcare Revenue in the Future

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Over the last few years, healthcare spending has skyrocketed, driven by a combination of engaged healthcare companies, comprehensive care options, and emerging technologies. With spending forecasts projected to reach $83 trillion by 2040, experts are seeing a dramatic transformation in healthcare, driven by more personalized data, technological breakthroughs, and regulations designed to support the current direction of changes in the healthcare industry. Here are three trends that will drive healthcare revenue in the future.

With the growing focus on chronic diseases and the aging population, healthcare provider organizations are focusing more on specialized care sites and home healthcare situations. With medical advancements, it’s now easier and more cost-effective to redefine how quality health care is delivered to your patients.  

As one of the healthcare revenue trends, the redistribution of patient care is projected to save patients billions of dollars just as the aging population will continue to see steady growth over the next five years. The Baby-Boomer demographic will need more healthcare services, as the numbers are expected to continue to swell.  

With the recent pandemic conditions, the 65+ population has already shown that they prefer in-home care or specialized care sites, which is why the home healthcare market is expected to reach $225 billion by 2024. The goal, then, is to offer more specialized care for those patients who needed it, with healthcare services that are tailored to their needs.  

As healthcare services become more simplified, it’s now more important than ever that you can access simplified workflows and automated billing procedures to get the most out of your electronic health records (EHRs).   

Another of the unfolding healthcare revenue trends involves preventative care, which could save thousands of lives every year. Routine preventative tests, disease screenings, and scheduled immunizations could detect and even prevent many serious diseases before they become life-threatening. Yet, millions of Americans never receive preventative care.  

With emerging technologies, healthcare provider organizations are now beginning to rely more on patient engagement tools to facilitate active health checks, counseling, and maintenance. This level of preventative care focuses on ways to avert the spread of disease with early detection, but the goal is also to help patients stay healthy and happy, with improved health outcomes both now and in the future.  

As healthcare provider organizations focus more on how to better engage with patients, a big part of that push is now via remote patient monitoring (RPM) services, which better supports access to care even for those patients with mobility issues, vulnerabilities, or limited access to transportation. With monitoring solutions via wearable and other in-home devices, you can monitor the health of your patients without risking their health.  You can easily track their progress via TempDev’s NextGen EHR Quality Dashboard to gauge preventative care measurements.  

Patient engagement tools go together with more personalized medicine, as healthcare provider organizations focus on delivering the ideal healthcare experience with a personal touch. On-demand healthcare via house calls, RPM services, and telemedicine calls are no longer part of some wave of a distant future. This level of personalization and care is one of the healthcare revenue trends that is happening now.  

With the increased focus on well-being and care delivery, data is driving healthcare provider organizations to refocus on how they can reinvent themselves to better support the needs of patients via remote digital platforms. Patients need a more flexible and reliable way to get the preventative screenings, specialty care, and everyday wellness solutions they need to live and thrive. 

With TempDev’s NextGen Reports, your practice can more easily track patients, conduct EHR audits, track appointments, and so much more. With the increasing push toward personalized medicine, you’ll be better able to support your patients’ needs with your focus on efficiency and accuracy to deliver the quality of care your patients expect.  

With the OpenNotes Initiative, your patients can also manage their own care between check-ins with you via RPM, in-office visits, or other appointments. With that level of patient engagement, you will continue to see improved results. With that level of immersion in your custom NextGen Patient Portal, you can better and more easily ensure the accuracy of your EHR, while empowering your patients to take a more proactive approach to their personalized healthcare needs.  

TempDev’s NextGen consultants, developers, and trainers can help drive your healthcare revenue trends while offering better support and self-advocacy tools to your patients. From dashboards and revenue cycle consulting to automation and workflow redesign, TempDev offers the tools you need to improve your financial future with special care to support patient engagement and satisfaction. We offer the tools and resources that will continue to better drive and support those healthcare revenue trends in the future.  

Contact us at 888.TEMP.DEV or click here to get the help you need to drive Healthcare Revenue Trends.


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