Primary care providers (PCPs) are experiencing a tsunami of change as alternative care delivery models upend the traditional healthcare landscape. Amazon, Walgreens, CVC Health, Target, Google, Dollar General, and other retailers are fast becoming dominant competitors, offering ambulatory healthcare services more conveniently at a lower cost. These nontraditional players foresee big opportunities to rapidly expand and potentially capture as much as a third of the U.S. primary care market by 2030.
Primary care is the bedrock of the U.S. medical system. However, it is also the lowest paying of medical professions, with PCP providers serving as the patients’ first point of contact for common medical issues. These clinicians build longstanding relationships with patients and are responsible for detecting warning signs. They are the first point of contact, directing follow-up care to specialists and initiating referrals before a condition becomes a full-blown chronic disease.
Unfortunately, primary care often bears the brunt of many patient frustrations, including rising medical bills, poor insurance coverage, fewer practice hours, access issues, long wait times, burned-out clinicians, and labor shortages, exacerbating frustrated patients and causing them to turn away from the traditional primary care model. With so much disruption, healthcare leaders must take immediate action to upscale the patient experience ─ or lose market share.
Having invested billions of dollars in enterprise-wide electronic health record (EHR) systems for decades, C-suite executives of hospitals and health systems find themselves in a conundrum, already challenged with tighter budgets in today’s bumpy economy. To cope, Ed Marx, author and CEO of Marx Advisory suggests embracing a “scrappy innovation” approach, which rejects waiting weeks, months, or years for their EHR enterprise vendor to release a costly add-on patient engagement solution.
To get a jump on the competition, innovative healthcare leaders are opting for simpler, agile and affordable solutions — especially as digital maturity deepens, blazing new trails to create the future consumers and patients want. These forward-thinking providers know that by waiting years to act, they risk losing a third of their profitable business lines to the new market entrants.
This 3-part article series examines the patient experience from the patient’s perspective.
In 2003, The BMJ, one of the oldest peer-reviewed medical trade journals published by the British Medical Association, published an article listing what patients want from their doctors that holds true today.
Patients have enhanced service expectations when meeting with their doctor or a care team member. If these expectations are unmet, they will increasingly seek other options. In the worst-case scenario, frustrated patients will only go to the doctor when necessary, potentially suffering health consequences.
In the face of multiple priorities and limited resources, healthcare leaders may question the value of measuring and improving the patient's experience with care. Yet, powerful market and regulatory trends, combined with increasing evidence linking patient experience to important clinical and business outcomes, make a compelling case to improve the patient experience.
1. Better patient experience leads to better health outcomes
Patients with better care interactions are associated with important clinical processes and outcomes:
2. Patient experience is good for business
Cultivating a positive patient experience is associated with financial indicators and loyalty. Meeting patient needs, preferences and lowered costs are good for business as well as for patients. Patients keep or change providers based on their experience. This includes relationship quality, a major predictor of patient loyalty.
3. Positive patient experiences contribute to patient retention and loyalty
The transition to more consumer-driven healthcare has made every patient interaction and touchpoint, from the intake process to self-scheduling of the virtual visit and eventual follow up, more critical to ensuring the highest level of patient engagement, satisfaction, and retention. In fact:
“Amazon's hyperfocus to deliver experiences and operations built around the needs of the customer has set the industry bar. Retailers who were confident their loyal customer base would choose familiarity over novelty quickly lost favor in the marketplace. For retailers who no longer exist, the realization that customers prefer speed, selection, and ease over brand familiarity came too late.”
Stacey Shulman, Vice President, Internet of Things Group / GM Health, Life Sciences and Emerging Technologies, Intel Corporation
To counter the loss of patients to retail-like disrupters, providers need to offer a level of convenience at a lower cost to compete with alternative sites of care.
A Bain & Company report predicts new primary care models from nontraditional players, such as retailers, could capture as much as a third of the U.S. primary care market by 2030.
The need to act is now to improve patients’ current care experience and business sustainability. Our second article explains the practical ways to prioritize customer service expectations using “low hanging fruit” digital solutions that can be deployed quickly and easily, showing immediate benefit to your patients, staff and organization. These short-term, high-impact projects make a significant, positive difference in regular day-to-day interactions and help build momentum. They contribute to modernizing your longer-term digital transformation strategy to solve problems. Your patients can look forward to an intuitive, more connected and personalized experience centered around their desires for 24/7 access and convenience.
Bobbi Weber is the VP of Portfolio Management and Field Strategy at QliqSOFT. Bobbi is a lifelong learner who is passionate about enabling healthcare transformation. She has 20+ years of healthcare experience, in care delivery, consulting, healthcare IT, and market strategy.
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