This Week in Healthtech:
Is Healthcare Consumerism Changing the Industry?

Week Ending 05-25-18: Healthcare consumerism and how technology, strategic partnerships, and patients are creating change within the industry

CEO Power Panel: Health Systems Find Consumerism Drives Innovation

Healthcare is trending towards consumerism. The latest article from Modern Healthcare describes how “[healthcare] leaders are responding with efforts to create more seamless and convenient healthcare experiences. They’re starting to notice that consumerism matters.” Read more.

Medical Practices Turn to Retail Tactics to Meet Rising Demand for Consumerism

Consumerism is continuing to take hold of every industry, and healthcare is no different. Healthcare Finance explores how certain providers are increasing revenue by leveraging retail best practices. From selling products to customer loyalty programs, staying competitive in the era of endless choice is inspiring some providers to think differently. Read more.

Why Healthcare Will Never Be the Same (And That’s a Good Thing)

Market Mogul cites technology as the driving force behind the healthcare industry’s move towards consumerism. As more tech companies continue to partner with healthcare organizations, they’re likely to “push the entire healthcare industry forward and bring new ideas and innovation to healthcare consumers.” Read more.

Amazon, Apple Only Part of ‘Seismic Change’ Coming to Healthcare

HealthcareIT News claims “healthcare is even more ripe for disruption,” citing the partnerships between tech and healthcare popping up across the industry. With companies like Amazon, Berkshire Hathaway and JPMorgan Chase entering the arena, we’re only beginning to scratch the surface of the possibilities of consumerism in healthcare. Read more.

Empowered Patients Are the Future of Health Care

“Patients should be empowered to make the best decisions about their care, and providers should have to compete for patients by offering them higher quality at lower costs,” says Centers for Medicare and Medicaid Services Administrator Seema Verma. With new patient-controlled initiatives like MyHealthEData, Verma sees the opportunity for the industry to transform to meet the needs of the digital-era patient. Read more.