Five Healthcare Trends that will Impact Senior Living 
The Affordable Care Act is causing a sea change in the healthcare industry at large, and several emerging trends are expected to impact the long-term care industry as well, including a movement toward in-home services.
Five trends in particular are worth noting, Senator Bill Frist, the keynote speaker for the National Investment Center for the Seniors Housing & Care Industry’s upcoming regional conference, told NIC in an exclusive interview.
“There is a definite rise in government sponsored healthcare,” Frist told NIC ahead of his speech he’ll give during a networking lunch at the regional conference this month on how the healthcare industry has transformed. “The implication for companies working in senior living is that they will be forced to comply with the government regulations that come with the government money.
” One aspect of the ACA that’s expected to impact the healthcare industry is the move toward value-based healthcare. This will lead to restructuring payment models, bundling care, and requirement outcomes evaluation, Frist said.
“Specifically, accountability for outcomes and a correlation with the cost of care will be a massive cultural change in medicine,” he said.
As healthcare systems develop data systems and analytics to identify patients at risk for hospital readmission in an effort to cut down on unnecessary rehospitalizations, the assisted living industry will also have to pay more attention to this data, Frist said.
There’s also a rise in the “patient-consumer”—a shift away from what Frist called the paternalism of medicine to a model that empowers patients and allows them to shop around. “The rise of consumerism imparts a need for branding in healthcare that we have not before seen,” he said.
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