PricewaterhouseCoopers’ Health Research Institute (New York) has published a new report detailing the major changes that will occur in the healthcare industry under reform, and a resulting healthcare environment where current practices and markets may no longer be relevant. Health organizations will face more than 60 regulatory deadlines over the next 10 years, and while reform offers many opportunities to prosper from the new changes, executives will need to reassess their businesses, find new market prospects, and be willing to make allies of former adversaries.
PricewaterhouseCoopers’ report, titled Health Reform: Prospering in a Post Reform World, outlines in detail the implications of reform for each of the health sectors, including insurance companies, hospitals, physicians and other providers, pharmaceutical companies and life sciences companies. Hospitals and physicians will find that payment will largely be based on quality of care; insurers will be more tightly regulated but have access to new customers through health exchanges; pharmaceutical companies will see new customers along with increased pricing pressures; and individuals and businesses will have to pay for or provide health coverage, or pay penalties.
According to PricewaterhouseCoopers, the best opportunity to prosper will be at the cross-sector level.
PricewaterhouseCoopers’ Health Industries Group is an advisor to public and private organizations across the health industry, with a network of over 4,000 professionals worldwide.