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Despite discoveries and advancements in medicine widening our understanding of human health, the future of health and care systems will not flourish under innovation alone but will progress through the way organisations predict and respond to the current and future barriers that are, or will, cause clogs in efficiency.
In order to ensure healthcare organisations are fighting fit for the future, decision-makers need to regularly review their current operations, costs and innovation plans to ensure the best viable options are in place for their growth.
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"As demand surges healthcare leaders are having to make tough choices on the priority of resources and expenditure. While rising demands and the increased cost of care may be profitable for some organisations at the moment, the reality is that it is unsustainable."
Healthcare Industry Insights
An ageing population is becoming the new norm throughout communities around the world. Increased life expectancies along with low fertility rates establish themselves as long-term trends, accounting for the shift in population ratios. Health and care providers are required to deliver effective business results under shorter timelines, but this is an impossible task without the right structure and resources in place. No wonder many businesses highlight this point as one of their primary concerns heading into the future.
Resources are limited for health and care systems which contributes to increasing pressure and rates of failure to cater to the demand. Rising need plus staff shortages result in falling time for effective hands-on care. The way your organisation responds to recruitment, retention and nurturing of the right talent will determine how your business fares as the industry develops. In addition the way in which organisations manage their non-staff resources will be increasingly important.
Technological disruptions are both a blessing and a burden. On-theone-hand, many health and care systems currently lack access to performance monitoring information and the real-time data to improve their services. The initial set-up costs and time to pull this vital resource into their organisation may not be possible at the time, but those who fail to collaborate with technology firms or even implement this complex work in-house will be left behind.
Regulatory & Economic Changes
Study findings highlight a global concern in changing regulations on the health and care systems. Rapid changes in both legislation and the economy are driving organisations within the industry to change quickly, but not always in the most efficient ways.