Reference no: EM133705994

Question

In future, financial compensation models are going to shift from volume-based to value-based care, which is calculated to reward healthcare providers for keeping patients healthy rather than concentrating over whelmingly on remedying their sicknesses. This insight is being encouraged by the knowledge of the fact that not only does prevention cost less, but it also is much more rewarding. As health care moves strongly toward wellness, alternative organizational and payment models with bundles of provision will become increasingly popular. Consumer behaviors are set to change significantly with patients participating actively in how health is managed. Wearable devices, online platforms, and telemedicine consultations have the potential to make an individual aware and proactive towards his health. The development is seen as an offshoot of personalized healthcare trends that require an equal say from patients who will be the ultimate consumers and in whose interests services are being rendered. Based on prevention, personalization, and a collaborative approach, the future of health care is going to be supported by changing demographics, rising healthcare costs, and innovative technologies as key drivers. The classic model of reactive care will be substituted by a more sustainable and patient-centric means which promotes better health outcome for all.