The most influential and powerful set of people in the world right now are the millennials, well apart from politicians that can order missile strikes on others. They have taken over as the largest generation in the world, and are beginning to shape the world in their image. Very much like baby boomers in their days, the millennials do a lot of coursework writing service and sometimes they work as the freelancers like college essay writers, influencing how things are done in the world, and reshaping different industries. One industry that has borne a lot of the millennial changes is the healthcare industry.
The healthcare industry is obviously an important one, especially as it determines the quality of people’s lives. The obsession of the millennial generation with using technology to improve every part of their lives is beginning to shape how the healthcare industry is run.
Here are eight ways in which millennials are reshaping the healthcare industry.
Increasing Technological Innovation for Healthcare
Millennials are technology savvy generation, unlike generations before them. They practically grow up with their mobile phones and have spent more than half of their life on the internet. Their expectation is that everyone should use and rely on digital tech, including healthcare practitioners, as they see it as an important part of life.
This generation has introduced technology into healthcare delivery and has proffered solutions such as online health portals, online appointment booking, easy self-service options, online payment options and even electronic medical record review.
Instant Healthcare Delivery
24hours a day appears too small for millennials these days. With many millennials working freelance jobs, for example for paper writing service, the best writing service, it is important that they maximize every second of the day. That’s why they expect healthcare delivery to come very quickly and efficiently. There really is no time for long queues waiting for turns.
A study by PNC Healthcare concluded that millennials are twice more likely to prefer acute care facilities and retail clinics because of the speed of healthcare delivery. Cleveland Clinic is rated one of the best because of its time-friendliness. They offer email appointment booking and also answer up to one million same-day bookings yearly.
How do you save time from booking an appointment and having to see a doctor? It is not having to go! Telemedicine is now a common trend among millennials, they now easily contact their doctors through video chats for their medical needs.
An earlier BBC research estimated that by December 2017, telemedicine and remote monitoring will worth $27.3 billion, twice more than it was worth in 2011. To back this, a Salesforce.com study found that 60% of millennials have a strong interest in telemedicine.
Adoption of consumer-oriented healthcare delivery
Almost every industry has been customized by the millennials and ‘their’ technology, and the healthcare industry is not left behind. HIT Consulting claims that over 75% of millennials go through online reviews of others. With the help of online review sites such as HealthGrades and Yelp, where they can easily get some information about their health and take their time to learn about their healthcare providers.
Millennials also take word of mouth very important when it comes to choosing their healthcare provider, just like in consumer products industries. Many millennials are comfortable sharing their health information on online forums for others that need help.
Cost Estimate for Providing Healthcare
In this millennial age, there is a high cost to pay for healthcare than baby boomers paid for during their age. So, millennials are looking for payment models to ensure that they get value for the service.
Millennials are very strong on upfront estimates, not payment after healthcare has been delivered. About 41% of millennials want a cost estimate before treatment, compared to 21% of baby boomers and 18% of seniors.
Millennials are always looking for models of payment like a partial capitation and bundled payment that rewards the quality of healthcare provided and not quantity.
Greater adoption of record-keeping and electronic services
Patient care today is not what it used to be in times past when it took too much stress just to get their medical history. Medical records are now portable, as the healthcare industry now use electronic records. This means that millennials can now access their files and medical history at any time, and can take it with them wherever they want.
Although it took a while for the healthcare industry to join the digitization party, and there are strict regulations surrounding the records of patients, it’s finally there.
Fee-For-Result Model of Payment
Another trend in the healthcare industry being shaped by millennials is, quantifying of medical care.
“Millennials have started seeing healthcare service as something that can be easily purchased based on cost, just like other things,” says Michael Peer, essay writer who sometimes prepares the custom papers or might be provides the best essay writing service from the essay writing service uk, for this topic.
The fee-for-result model of payment is based on a process where healthcare is provided based on a patient’s whole health view. This has created an environment which allows the cost of healthcare to be predicted as taking 19. 8% of the GDP in 2020. With this method of payment, millennials are pushing the healthcare industry into a pay-per-service industry.
Holistic View of Healthcare
Millennials are known to take a holistic approach to every part of their lives, and they have not left out their health behind. Unlike the seniors and baby boomers who would just prefer to go to hospitals and carry out examinations that they consider important to their health. Millennials, on their own, choose to view things from a wider perspective. They generally tend to have a broader view of things.
Because millennials always want to save time, they don’t like to visit hospitals, unlike the older generations. So, they prefer to take daily tips and focus on the day-to-day maintenance of their health, as they believe this will help them long-term.
The forward-thinking nature of the millennials coupled with their increasing influence in different industries, including the healthcare industry means that these changes are profiting the industry and moving it forward. All of these changes will help to further improve the delivery of healthcare, not only for millennials but also for other generations.