Reference no: EM132178818

Question: The market had changed beyond the ones that were already in play began to emerge due to the passage of the Affordable Care Act of 2010 (ACA). The responsibilities, traditional roles, and the authority of the various stakeholders that are in healthcare now can be tested or altered with a result of some of the sections that have been printed into the ACA. A result of this is that the healthcare providers can share in the savings, take a risk, and form relationships that had been previously barred or that had been forbidden (Santilli & Vongenberg, 2015).

In the past with the older healthcare models for treating acute illnesses are now emerging quickly into a newer more advanced model that has an increasing focus on the patients, disease prevention, and the ongoing management of the chronic diseases. Now with today's health market, it is allowing the consumers to take charge of their own healthcare in the new way. This is done by the readily accessible data and information that allows the patients to have open dialogues with their doctors to go over their diagnosis and treatment options (Santilli & Vongenberg, 2015).

In recent years, the market place has undergone many changes that had started before the ACA, and this accelerated after the passage of the ACA. there has been change that has been occurring at a very rapid rate throughout the various healthcare stakeholders. By tracking the emerging and tracing the innovative patterns in the post-ACA market place in 2014, it has led to an identification of several high-level strategic trends that will be significant (Santilli & Vongenberg, 2015). The trends that will be impacting multiple healthcare stakeholders over the next years include:

1. Patients becoming more informed consumers

2. Growth of structured quality measurers

3. Revenue-driving consolidation

4. New and alternative provider payment models

5. Specialty drug use driving he cost of care

6. Information technology innovations driving interstakeholder communications.

With there being a shift in the healthcare economic risk is taking place, this is being driven by the aging population and the increasing incidence of the behaviorally induced chronic conditions (Santilli & Vongenberg, 2015).

The major stakeholders that are in the healthcare system include physicians, employers, insurance companies, patients, government, and pharmaceutical companies. The interrelationship that is with the stakeholders in the healthcare system is very complex (University, 2011). This is because two stakeholders that are insurance companies and pharmaceutical companies are publicly owned corporations that are listed on the stock exchanges and their main responsibility is to maximize their stockholder's wealth. The main goal for the employers is to make money but their provision of having health insurance for their employees is a benefit not a source of being a profit from their employees. The physicians are unlike any of the other stakeholders because they have direct duties and responsibilities that are directed towards their patients. Even though they do receive remuneration for their services, the relationship between the patient and doctor is a very sacred trust that is built that transcends to have a monetary reward (University, 2011).