We’re facing a chronic condition epidemic
By 2030, it’s projected that half of the population will be living with a chronic condition.
Why does this matter? People with chronic conditions are the heaviest users of the healthcare system, accounting for 81% of hospital admissions, 91% of all prescriptions filled and 76% of physician visits (Partnership to Fight Chronic Disease). According to the CDC, today, 90% of $3.3 trillion annual healthcare expenditure in our country is for people with chronic or mental health conditions. This burden is unsustainable.
How did we get here? More and more, consumers are on a fixed income. Whether uninsured, underinsured or covered by Medicaid, limited incomes lead to a de-prioritization of preventative and maintenance care with consumers seeking care only when necessary. Paired with an aging population (46 million are 65+) with increasing social, behavioral and clinical care needs, high cost utilization of our system has become the norm. As budgets have become more limited, costs of care have increased, further burdening consumers and compounding issues around avoidance or deference of care to avoid cost. Even for those with limited budgets, technology has remained a priority. As technologies have evolved (and become more cost effective and increasingly ubiquitous), the consumer mind-set has shifted toward an on-demand mentality experienced through other platforms. Healthcare hasn’t yet caught up, pushing it further from the consumer frame of reference, and moving every day care lower and lower down the priority list.
To find out what higi is doing to support healthcare organizations as they address this challenge, come talk to us at HIMSS (February 11-15, 2019), booth #7366
In our next post, we’ll talk about the ways our current care delivery networks fail to meet consumer healthcare demands.