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The Future of Private Hospitals and Private Healthcare in Australia

 19th February 2019 by gihan

  1. Young people are deserting private hospital insurance – with 49,000 fewer Generation Z’s and Generation Y’s with private insurance than in 2017 (APRA)
  2. Health insurance reform will start taking effect from April 2019 with premium rises and falls for different categories (Deloitte)
  3. Digitisation of the healthcare system has pros and cons (Deloitte). It will lead to greater efficiency, more collaboration, and new opportunities. But it also requires large investment in people, processes, and technology
  4. “Within 10 to 15 years it won’t be a partnership – the consumer will be completely dominant in the relationship.” – Dr Richard Ashby, eHealth Queensland
  5. Most (75%) healthcare providers recognise the need for culture change and workforce optimisation (Australian Health Week)
  6. “Modern unified communications can empower medical staff to provide the best patient experience possible any time and any place.” – Brendan Maree, 8×8 Asia-Pacific
  7. AI and machine learning should augment, not replace, clinicians (Dr John Halamka, Harvard Medical School)
  8. The global market for wearable medical devices and remote patient monitoring systems will reach US$612 billion in 2022 (Deloitte)
  9. “We want to move the health system to a future state that uses cloud-based medical systems and consumer-friendly apps.” – Dr Kevin Cheng, Osana
  10. Australia’s healthcare system is not adapting fast enough to technological change, an ageing population, and rapid urbanisation (KPMG/CEDA)
  11. Consumer healthcare technology is moving services away from hospitals and into patients’ homes (Grattan Institute)
  12. The number of hospital admissions is on the decline. Japan aims to move from 8500 to 7000 hospitals within 15 years (International Journal for Quality in Health Care)

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