Private equity's purchases of healthcare divestitures are expected to continue in 2019 as the sector looks to invest the cash it has raised, a reported $624 billion ready for investment across industries as of July 2018, the report stated. © 2020 Healthcare IT News is a publication of HIMSS Media, Ted Yoho by Gage Skidmore, licensed under CC BY-SA 2.0, News Asia Pacific Edition – twice-monthly. In 2019, healthcare companies new and old will identify which employees – from the back office to the front lines and all the way up to the C-suite – have to be upskilled or reskilled to get the most out of new and impending investments in technologies such as artificial intelligence and robotic process automation, the report predicted. Fifty-five percent of payer executives say it's very important for new hires to be skilled in informatics and data analytics, second only to customer service. “Across these areas,” Whiting said, “what we need is really deep and effective international cooperation and collaboration, sustained investment and willingness of nation states around the world to work both for themselves and for each other.”. Medicines Law & Policy recently published a database that tracks trends in the use of compulsory licensing, and offers tools to help countries to issue a compulsory license. “And 2019 is the year when we can defragment the global health system together, and really push things on,” he said. All About [Healthcare] Security. Bottom row: Dr Anne Snowdon, Director of Clinical Research - Analytics, HIMSS, Canada. Second, healthcare organizations should consider how best to train their employees. Air pollution, which kills some 7 million people a year and is closely linked with climate drivers, is among the WHO list of Ten threats to global health in 2019. "The healthcare industry saw a high level of deals in general in 2017 and 2018, involving both private equity and corporate buyers," PwC found. PwC identified three major implications of the significant tax changes. “The Global Action Plan on Antimicrobial Resistance developed by the WHO is a combination of these actions, and this is what you need if you want to have a chance of confronting this problem,” he said. Earlier in 2018, Charles Gore, executive director of Medicines Patent Pool, told Health Policy Watch that the norms are changing, and that it is becoming increasingly unacceptable for drug companies to not offer affordable access programs for life-saving medicines (IPW, Health & IP, 12 November 2018). Private equity: Healthcare's new growth accelerator. PwC identified three implications of the still active Affordable Care Act. States that don't ban new products outright could still place greater restrictions on their use than federal regulations allow for.". Out of provider executives the PwC Health Research Institute surveyed on the subject, 45 percent say their workforce's capabilities are a significant barrier to organizational change. In 2019, healthcare organizations may find it necessary to restructure their businesses to accommodate new rules on unrelated business taxable income (UBTI); assess how taxes and refunds could affect their Medical Loss Ratios; determine how best to invest cash previously held outside the US; and restructure their supply chains to accommodate a new territorial tax system and emerging trade uncertainties, among other actions, the report advised. “The fact that less than 2% of $22 billion of development assistance for health is currently going to NCDs, despite the burden in low and middle-income countries, is a huge paradox really.”, With this shift towards a more integrated UHC agenda, some experts stress that large global health funders should not reduce their efforts. "The arrival of digital therapeutics – an emerging health discipline that uses technology to augment or even replace active drugs in disease treatment – is reshaping the landscape for new medicines, product reimbursement and regulatory oversight," PwC said. PwC identified three implications of the need for new, upskilled healthcare workers. Some of the policy priorities facing health insurance providers as they work to improve access and affordability include: 1. The meeting, entitled “Universal Health Coverage: Moving together to build a healthier world,” will be the first-ever high-level meeting on the issue at the United Nations, which passed a resolution in 2017 supporting UHC and resolving to hold the special session this year. Experts describe the push for UHC as part of a broader shift from the disease and issue-specific approach of the Millennium Development Goals (MDGs), towards the more integrated, systems-thinking approach of the Sustainable Development Goals (SDGs). "Private equity's acquisitions and investments in the health sector have become increasingly diversified and frequent; they include such things as new entrants in technology and convenient care delivery, contract research organizations, and ophthalmology and dermatology practices," PwC noted. Organizations can spend their tax savings in different ways, including reinvestment, acquisitions and stock buybacks, the report said. Government scrutiny of drug prices is expected to continue, the report predicted. “It’s very difficult to say we need universal health coverage, and to not have a mechanism to make sure that the health expenditure fits within the budget that countries can make available.”. "New entrants specializing in underinsured and uninsured consumers may find new markets thanks to Republican actions to expand access to these plans.". Primary health care constitutes the service delivery aspect of UHC, and it involves bringing good quality health services as close as possible to the population, experts explained. "The FDA already has approved some new digital therapies, such as Boston-based Pear Therapeutics' Reset mobile application for the treatment of substance abuse, and Stockholm, Sweden-based Natural Cycles' birth control app.". Compared with 2013, this level of investment represents an increase in funding of 230 percent, while the average funding deal size grew 67 percent over the same period, the report said. Get daily news updates from Healthcare IT News. Top Global Health Policy Issues – What To Watch In 2019. Health Policy Watch spoke with a range of leading global health policy experts from the World Health Organization, NGOs, industry and foundations to get their take on the top issues, and here is what they said to watch for in 2019 in five priority areas. Financial services companies, makers of non-retail medical devices and employers offering high-cost insurance plans all will enjoy modest gains, too, the report added. In addition, other provisions of the law could negatively affect payers, providers and life sciences companies, the report said. And third, healthcare organizations must understand that private equity is accelerating change in the industry and eyeing disruptors. We can expect to see an intensification of the push for universal health coverage (UHC), culminating with a first-ever high-level United Nations meeting, and a shift away from disease-specific interventions towards more integrated approaches. "For example, the organization offers employees unlimited primary care visits paid for by their employer," PwC said. Universal health coverage “means that all individuals and communities receive the health services they need without suffering financial hardship.” It should include “the full spectrum of essential, quality health services,” according to the WHO, which has made UHC a cornerstone of its five-year Global Programme of Work (2019-2023) [pdf].

current health policy issues 2019

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