Majority of hospitals and providers moving towards transparency in price
2014 is poised to be a great year for the healthcare industry. Not only is the Affordable Care Act getting fleshed out but there are numerous upcoming trends facing the healthcare industry. In 2014, hospitals and care health institutes will witness a shift that is more retail-focused. Price transparency and cost savings will become the biggest focus areas, reveals the latest PwC Health Research Institute’s Top Health Industry Issues for 2014.
Kelly Barnes, PwC’s U.S. health industries leader commented on the release of the report, “While health insurance exchange implementation is driving headlines today–in reality the next 12 months will be marked by how well the industry addresses a range of core business challenges.” Barnes adds, “Businesses must address rapid innovation and competition from non-traditional players, but above all they must respond to empowered consumers as customer-centric transformation sweeps healthcare.” [twitter.com/HealthITplus] Continue reading