RT @OliverWyman: #ClimateChange is one of the biggest global health threats of the 21st century. Here’s how the health sector can reduce it… Here’s how the health sector can reduce it… New on #OWHealth : Innovations like #CRISPR that once seemed more like science fiction are becoming reality.
Liver Cancer Health
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Infographic: Healthcare 2030 Survey. Oliver Wyman predicted four possible economic scenarios for healthcare 2030. Oliver Wyman and National Business Group on Health polled attendees at the Business Health Agenda 2019 event to see which of these four predictions employers, innovators, incumbents, and others think is most likely to come true.
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Editor's Note: In a recent webinar, two industry veterans from Welltok and Oliver Wyman shared new predictions on how 2020 may unfold regarding partnerships, politics, personalization, and technology. Here's more on what they had to say. Prediction 1: Unexpected Partnerships Will Become the Norm With healthcare being one of the biggest categories of services that people offer and buy, more
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Health and Life Sciences Health Innovation Journal This collection of insights revolves around topics that our community feels are driving the current healthcare discussion and will be central to the anticipated transformation of the industry over the next decade.
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Healthcare continues to become more consumer-centric. But the complexity and fragmentation of the healthcare system make it very difficult for consumers to navigate and meet their health goals, especially those consumers with multiple chronic conditions.
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Healthcare lags behind other industries in the pace of disruption, prohibitively high prices, dissatisfied consumers, and a need for more merger and acquisition activity. The goal of technology in every other industry is to deploy assets more efficiently and reduce headcount, said Glick — except healthcare.
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The advancements over the next decade will be a parallel effort with two tracks. The first track is the continued design and development of AI-based platforms. The second track is about developing business models to deploy these platforms into the mainstream healthcare value chain to be adopted by all healthcare stakeholders.
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Oliver Wyman Health What the Healthcare Industry Can Expect in 2021 Welltok and Oliver Wyman discuss why this year is healthcare's watershed moment and what may unfold in 2021. Read more Oliver Wyman Health We Stress Tested Banks in 2009.
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At the same time, Americans began avoiding emergency rooms, physicians’ offices, and other health care settings, fearing the risk of infection. To date, in most of the country, the cost savings from this foregone care have generally exceeded the cost of treating COVID-19 patients. As a result, many health plans have seen their margins
Covid 19 Health
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Oliver Wyman launched the Oliver Wyman Health Innovation Center (OWHIC) in 2011 to promote positive change in healthcare. The Center's goal is to create a healthcare system that is driven by innovation and consumers' needs, creating value for companies and the public alike.
Liver Cancer Health
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Oliver Wyman Blogs Podcast: 3 Healthcare Predictions from Privia Health's CEO 1 in 3 patients aged 100+ uses Privia Health's online portal. More on these unique findings, and an in-depth industry outlook.
Liver Cancer Health
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As was the idea of reconnecting the head back to the body when considering care delivery. The vocabulary used across the healthcare industry regarding terms like this ("mental health", "wellness", "holistic") tends to trigger incorrect or inaccurate meanings, and stereotype-laden stigmas that hinder progress in these areas of health delivery.
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A Threat Multiplier. Climate change is the biggest global health threat of the 21st century, a danger whose impact on health is complex and varied, as explored in the below chart.Climate change will exacerbate the burden of every major disease category: infectious disease, chronic disease, mental health, injuries, and deaths.
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Demand for healthcare in the Asia-Pacific region is growing rapidly. This is especially true given its rising aging population (the number of elderly people in Asia by 2030 will increase by 200 million, or 71 percent) and as governments continue to roll out ambitious universal health coverage schemes (which have been seeing recent success in countries such as India, the Philippines, Thailand
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Although the world is increasingly digital, healthcare is not. Healthcare is a predominantly encounter-based (and physical) care model – or at least that was the case before COVID-19 began. The pandemic means digital health is no longer on the fringe, now increasingly a mainstream offering.
Covid 19 Health
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Finally, the third type of tech is the analytics piece — both business and care analytics that enable the health care industry to be more strategic about their home-care operations and to be better informed about their patients’ health, including risk factors, optimal care models, and interventions that can improve health and longevity.
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1. ONGOING HEALTHCARE COST CRISIS. Government and private payers around the globe are concerned with rising healthcare costs. And patients across the US share this concern, as payers continually offload risk onto consumers through high deductible plans and health savings accounts.
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What if we created a healthcare system where technology improves care quality, where partnerships create impact, and where a holistic approach to care delivery becomes mainstream? This collection of articles reflects the latest perspectives from thought leaders within our Health & Life Sciences
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Healthcare’s "new front door" is the first stop on a consumer’s care journey. Banging this door down means vying for a different kind of consumer relationship. This relationship starts well before the consumer’s initial primary care or doctor visit.
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The current healthcare system excels at solving acute issues. It is far less effective at maintaining overall health and wellness. 1. Streamline access to healthcare. Consumers are done with a healthcare model that has them waiting weeks for a routine appointment.
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Editor’s Note: The following article is part of an ongoing series offering our strategic advice and expertise on what healthcare industry stakeholders should do in response to the rapidly evolving novel coronavirus (COVID-19) pandemic. COVID-19’s financial toll is beginning to reveal itself. Many health systems are seeing revenues slashed in half and supply costs surging.
Covid 19 Health
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As part of Oliver Wyman and Health Evolution's ongoing Women in Healthcare Leadership series, we wanted to learn more about what female leaders have in common. Consider, for example, the healthcare industry. Here, 80 percent of healthcare consumers are female. But this demographic isn't reflected in …
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Editor’s Note: This article is the first in a three-part “Hospital of the Future” series. In Part 1, we explore the top strategic pursuits that the vast majority of health systems are advancing today.
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Editor’s Note: The following article is part of an ongoing series offering our strategic advice and expertise on what hospitals, healthcare workers, providers, and caregivers should do immediately in response to the rapidly evolving novel coronavirus (COVID-19) pandemic. What follows are strategies and tactics that we hope will help hospitals and health systems prepare for and …
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Healthcare plans can bolster their Medicare Advantage offerings to provide affordable and high-quality care at a time when seniors are increasingly turning to the federally subsidized healthcare program for coverage. And, health plans can prioritize their members’ needs while also dedicating resources to a segment likely to provide reliable
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Is Digital Health the Leading Future Modality? Below, we put everyday constraints such as existing physical assets, regulatory limitations, and legacy operating models aside and imagine what a full-service healthcare provider looks like if it is to employ a digital-first approach while still providing high-quality care for patients.
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Over the past few years, there has been much discussion about the need for a "new front door to healthcare." In general, this refers to moving certain types of care out of the emergency room and doctor’s office and delivering it through more convenient means, such as a retail clinic, urgent care center, or telehealth.
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Editor’s Note: The following article is an edited version of a conversation that originally appeared on the Oliver Wyman Health Podcast and the Oliver Wyman Health Innovation Journal, Volume 4. The idea of healthcare services shifting from traditional, in-person delivery at clinics and hospitals to digital delivery at home is not new.
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"The reason to transition from fee-for-service to a value-based model is the same reason social determinants of health are being addressed: we need to move from episodic event health and healthcare to continuous healthcare. We’ve got to have a payment model that’s commensurate with that," said Stuart.
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predominantly private healthcare systems in the West, and it suffers many of the same problems of over-spending and misaligned incentives. Meanwhile, many Indonesians remain uninsured and a large proportion of healthcare costs are paid out of pocket. The advent of the national health insurance scheme (BPJS) is an important step forward
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The United States healthcare system has yet to pivot over to value-based, consumer-oriented care. As a result, our fragmented patient journey is emptying consumers’ wallets, hindering delivery execution of high-quality, low-cost care, and saddling the nation with …
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an example: what does the employer health data graph look like in action? Employers have more data on hand than they realize, likely more than most healthcare companies have. There’s the obvious employment history, benefits selections, and health assessments, but also less obvious information about financial habits, savings profile, and
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Globally, healthcare has predominantly focused on “sick care,” rather than health promotion and prevention. COVID-19 is changing the narrative. Health promotion is even more important now – to combat COVID-19 and to better respond and support the growing NCD (non-communicable diseases
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Welcome to the inaugural issue of the Oliver Wyman Health Innovation Journal This collection of insights revolves around topics that our community feels are driving the current healthcare discussion and will be central to the anticipated transformation of the industry over the next decade.
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10. We weren’t alone…new players entered the healthcare game. Big players from other sectors turned their attention on how their expertise, scale, and fresh perspectives could reshape a broken industry. Apple, for instance, enabled the mobile health app explosion, with their Apple Healthkit launch and data portability partnerships.
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A Vision of Indonesia's Healthcare Ecosystem in 2030. Fast forward to 2030, and Indonesia’s health and healthcare look radically different from today for the whole patient journey – from identifying health concerns to diagnosis, treatment, and post-treatment coordinated care.
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The rise of consumerism in healthcare offers a new outsized opportunity in direct-to-consumer categories. January’s announcement from Amazon, JPMorgan, and Berkshire Hathaway clearly heightens this pressure. This groundbreaking news confirms that health and wellness are major aspects of consumerism’s future direction.
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THE TYPICAL HEALTHCARE CONVERSATION: A SUPPLY SHORTAGE. It’s a familiar complaint echoed across health system C-suites nationwide. Physician dissatisfaction, combined with a dwindling clinical education supply, means an inevitable gap …
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The year 2020 will go down in history books as the year when it finally happened – the forceful arrival of digital health solutions in everyday healthcare. For decades, healthcare provider systems around the world had been investing where they always had in brick-and-mortar assets for more or less shiny facilities, in physical physician
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The integration of microfinance has already been shown to impact healthcare across an array of areas: Health financing options. The Microfinance and Health Protection initiative, launched in 2006 by Freedom From Hunger, helps MFIs offer financial products and programs that make health-related services available to the poor.
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A health care system shaped by the digital age holds great promise in solving some of our most important health care challenges – access, quality and affordability. This is especially relevant as we transition into a new normal of health care provision and consumption due to COVID-19, where traditional health care models are being disrupted
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Healthy eating means eating a variety of foods that give you the nutrients you need to maintain your health, feel good, and have energy. These nutrients include protein, carbohydrates, fat, water, vitamins, and minerals. Nutrition is important for everyone. When combined with being physically active...
In order to stay healthy, you need to live an active and aware lifestyle. This means getting at least 30 minutes of exercise daily, eating a well balanced diet, and try and reduce stress in your lifestyle. Becoming more active will help with stress levels and eating a well balanced diet will help keep you healthy.
Is Your Healthy Food Really Healthy? Give your salad a second look. While salads are a great way to get in your daily vegetables, it's surprisingly simple to... Avoid artificial sweeteners. While reducing the amount of sugar in your diet is always a positive move, artificial... Be picky about popcorn. Popcorn can be a great low-calorie snack when you make it at home. More ...
Yep, being too healthy can actually be unhealthy . Orthorexia is an obsession with eating a "pure" diet, which can mean avoiding foods with unhealthy fats, added sugar or salt, genetic modifications, artificial colors, or flavors and preservatives.