Prediction 2021: Healthcare Providers
2021 will be the most intense year in decades for payers in health insurance plans, healthcare providers and their IT vendors as they start to tackle the recent game-changing open Application Programmer Interface regulation. It will require them to finally share data.
Other 2021 challenges include competition surrounding price transparency (hard to play hide-and-seek with the lights on!) and the COVID-19 pandemic which is overwhelming our health system with the worst likely yet to come, even with a vaccine and a huge backlog of elective surgery.
Payers, coming off massive profits in 2020, will have an unprecedented opportunity to forge new provider relationships in the move to the win-win of value-based care.