Grading our prediction made for 2012:
EHR and mHealth adoptions will continue toward the tipping point while few more lessons to be learned on data breaches. Privacy, Security & Risk Management must become part of the business practices, including small/solo practices, before it's too late.
- We give this a solid “A-”. EHR adoption levels have almost doubled in two years with continued efforts on utilization through meaningful use and path to interoperability. mHealth is making lots of good noise while data breaches continues without much progress in the privacy, security and risk management in small/solo areas.
Reimbursement and cost savings model will shift from quantity based to value based. Whether the value is for patients, providers or health organizations, more and more financial reimbursements and cost savings will be tied to value and performance. Get educated and involved in PCMH, ACO or any other coordinated care conversations.
- “B-“. There are definitely efforts beyond the pilot in PCMH and ACO. We’re still in somewhat of transition period from early adopter / pilot to becoming more main stream.
Social media in healthcare will greatly increase with many bumps along the way. Social Media will be no longer optional for practices/businesses but a must. Approach this carefully since there are only few ways to succeed with many different ways to falter.
- “C”. Like many social media sites and tools themselves, this trend seems to generate lots of noise but not much substance, especially at small/solo practices. There are definitely efforts and investments made in this but time horizon of this trend being realized may be longer than we first thought.
Evolution of Regional Extension Centers and HIEs will continue with only those organizations that provide real value to its customers left standing. Easy part is over, now the real work begins.
- “B“. Most RECs are still marching toward meeting the grant requirements by early 2013 while HIEs still struggle to define its value proposition and survive. More significant (and appropriate) shakeups lie ahead in 2013 with both needing to do a “reboot”.
Health IT vendor market will enter into failure / consolidation phase while new and creative partnerships will form across all players to meet the changing demands and market conditions. Did you pick the right vendor? Look out for trends and opportunities from the partnerships being formed.
- “C+”. There are definitely signs of this prediction coming true but not as much as we had expected. We still believe this to be the case, especially as EHR vendors prepares for 2014 edition of certification.
Power shift from provider/health plans to patients will be apparent as consumerism take a stronger hold and patients gain more and more power over their healthcare decisions. Employers will demand more power while consumers need to be reminded that they must be accountable for their own health.
- “C-“. We’re impressed with some health plans as they evolve their business models and offerings to be relevant (and in control). Patients/consumers are getting more access to information and have more input in the care but not necessarily gaining more control… yet. With significant provisions of ACA just around the corner, our note regarding employers demanding more power and making decisions that will impact its employees is already starting to happen.
Well, we gave ourselves a passing grade (hopefully you agree) but this exercise reminds us of both volume and the pace of change that could occur in a year and sometimes noise, however loud and vocal they may be, just ends up being nothing more than just noise. See below for our thoughts on 2013 trends.