When I started my career almost 40 years ago, I had no idea just how gratifying it would be to work in an industry devoted to helping people get, feel and stay better.
Focusing on the IT side of healthcare has been nothing short of inspiring, always pushing forward, proactively paving the way to safer, more secure patient care
I’ve learned a lot along the way, and I look forward to what’s next. My bet is that safety and security will be at the wheel in 2020. Check out my top health IT predictions below:
- Trust emerges as a major competitive differentiator. Personal health information resides with different stakeholders. Providers have some. Payers have some. Pharmacies have some. Employers have some. Health apps have some. Health information networks like ours have some. Ironically, one value of data silos is that no one entity has a patient’s entire medical record. When the regulatory and technical frameworks are in place to connect the silos, then patients must decide which stakeholder they trust with their entire medical record. In 2020, we anticipate trust will take center stage. We believe it is a question of transparency and intent. Different stakeholders vying for the patient’s trust will lay out how they will find, validate, collect, and store their data, and more importantly, what they intend to do with the data. The patient will decide.
- Information blocking rules will matter. A survey of healthcare executives showed the industry is mostly unaware of the federal government’s draft rules on information blocking. We anticipate the industry will wake up once the consequences of the rules on information blocking become clear, in particular, the cost of non-compliance. Expect a flurry of industry activity by providers, healthcare IT vendors, health information exchanges, and health information networks to test their business and operating models for compliance with the rule.
- The real-world impact of price transparency becomes evident. We saw substantial progress in 2019 in the rollout and adoption of price transparency tools in the industry. The concept is simple: tell providers and patients what the price of a drug is so they can choose the best drug that is affordable. The execution is anything but simple. In 2020, all aspects of prescription price transparency will be studied: what information to show, how to show it, when to show it, whether to show alternative options, which options, what price difference matters and so on. The biggest learning of all will be how price transparency will influence patient choice, and improve satisfaction, affordability, adherence, and outcomes.
- Time to therapy for specialty medications decreases with better information flow. Getting a diagnosis of a complicated health condition is difficult and stressful. Waiting to get on therapy only adds to the stress. Time to therapy between prescription written and the first dose taken, can take weeks, or even months and efforts to reduce time to therapy have typically been manual, requiring teams of people to overcome process constraints. In 2020, we should begin to see increased clinical data flow reduce the often frustrating back and forth between providers, pharmacies, payers, patients, and other stakeholders in the approval process. Streamlining prior authorizations will be a welcome change.
- Opioid prescribing becomes smarter. In 2019, several major events occurred related to the opioid epidemic. The federal government released seven years of supply chain data. Some large settlements to lawsuits were announced, while others are pending. Meanwhile, the industry continues to make progress on the technology front. Over half of all states now have laws requiring electronic prescribing for controlled substances. As of January 1, 2020, five more states (eleven in total) have enforced the law. Electronic prescribing will continue to replace paper prescribing, giving prescribers more accurate medication histories to ensure the right patients get on the right medications.
- Pharmacies become sites of care delivery. Patients visit their pharmacy at least as often as, if not more often than, their provider. In 2019, major pharmacy chains launched new health clinics offering both in-store and virtual care services. This is not a new phenomenon. Pharmacies have offered or experimented with different care delivery models for years. But, lacking knowledge of their patients’ medical history, they have typically served as an adjunct site of care addressing a narrow range of conditions. With better information flow, pharmacies can know their patients’ medical conditions better and become more essential sites of care. In 2020, pharmacies will ride the wave of information sharing and increase their clinical value proposition for patients.
- Consumer-oriented digital health services are challenged to mature. The healthcare industry has been slower to adapt to the digital revolution than other industries, but the wave is coming. In 2019, we saw an increasing number of online and mobile companies wanting to connect to our health information network. Many of them are attempting to build viable business models by disrupting traditional healthcare. For patients and consumers, these are exciting times for innovation. At the same time, these are also concerning times when it comes to information privacy and security. Medical records are among the most valuable pieces of personal information to buy on the black market. In 2020, we anticipate the industry will test different models of consumer identity proofing and authentication. The goal will be to strike the right balance between privacy and security on one side, and usability on the other side.
Of course, the 2020 election will dominate as well. We can expect the headlines to continue to focus on demands for greater price transparency, calls to repeal the Affordable Care Act and rallying cries for Medicare for All. Additionally, look for healthcare data liquidity and healthcare data privacy to be on opposite sides of political debates in the 2020 presidential election year. There’s no question the entire industry will be preparing for whatever may come next.
Disclaimer: The views expressed in this blog post do not necessarily reflect the views of Quest Diagnostics®, or any of its employees.
The QuestQuanum portfolio from Quest Diagnostics delivers award-winning healthcare IT software and services to health systems and small practices alike. For more information about the comprehensive set of professional tools available to assist you in every facet of your business, including Practice Management, Electronic Health Records, ePrescribing, and a comprehensive Revenue Cycle Management service, contact Sales Support at 1.888.835.3409 or via email.