GettyIt’s nearly 2020, and those healthcare providers that are struggling are, for the most part, clinging to their dying business models in an effort to manage shrinking revenues. As consumers become more used to receiving healthcare services from nontraditional healthcare providers, entities with enough financial resources and brand equity can swoop in to take advantage of the opportunities legacy providers are refusing to seize. Pressure will continue to build on providers to deliver value by prioritizing and demonstrating transparency, convenience via at-home care services and tools, quality and affordability. These are the essential principles providers and other healthcare stakeholders will have to subscribe to if they hope to find success in 2020. 2020 will usher in a new one, an era in which a better business model ensures patients are heard, listened to and safely cared for at a reasonable, respectable price.

Source: Forbes December 13, 2019 19:07 UTC