Healthcare is an industry that is essential to any country. For the US, the healthcare industry has shown tremendous growth in recent years. Although you could dismiss it as an industry that grows as society progresses, it is not the case.
There has been an increasing need for healthcare since the baby and elderly population is incrementing rapidly. This means that the healthcare industry has seen a lot more investment of late.
This shows that healthcare is becoming trendy; as an occupation, New York is one of the firsts to catch the growing popularity. Here’s a list of the top 5 health care trends that New York will follow for 2021.
- Healthcare will Permeate into Our Regular Life
With the outbreak of Covid-19 and its steady escalation into a pandemic, it was assumed that funding might be negatively impacted. However, according to Healthcare Innovation Report, there was a 40 percent increase in funding from 2019. It increased from $2 billion to $3.6 billion.
$100M was raised by a single company Oscar in 2019, and in 2020 Oscar was joined by four more companies. Ro, Cityblock Health, Cedar, and Medly were the new contenders dedicated to change the future of the healthcare industry.
- Virtual Clinics and Remote Diagnosis
Likely, technology will now be used more by doctors to diagnose patients for most cases through the comfort of the patient’s home.
Routine appointments and other such cases of minor ailments can be looked at by the physician virtually. This will reduce the contact that people are more likely to have with others, thereby reducing people’s chances of contracting an infection.
To achieve this end, a total of $1.3 billion, which is 35 percent of the total funding, has been invested into virtual care, as per an independent Healthcare Innovation report. Telehealth is not new – but it is the pandemic that has spurred its easy acceptance into our daily lives.
- Increased Growth of Medical Assisting and Allied Health Services
With technology being implemented at a rapid pace into the healthcare industry, the usage of electronic health records (EHRs) and remote remedies through telehealth services has increased.
There are smartphone applications that work in this manner as well. This is creating job opportunities for which medical assistants are a perfect fit.
With more job growth and potential expansion, investment towards allied health services has seen some increment. Cities in California and Manhattan are leading the way in terms of this investment. Similarly, New York leads the way in the number of medical assistant schools. There are around 20 accredited medical assistant schools in New York, each offering its own coursework. This is a much higher number than other cities and states.
According to BLS, New York is one of the top five states with the highest employment of MAs. A total of 27,730 MAs are employed in NY. Other services such as nursing assistants, orderlies, and occupational therapy aides are also seeing a faster than average growth.The medical assistant job is projected to grow at a 35 percent rate by 2026, according to careeronestop.org.
New York already offers an $18.56 mean wage per hour, as per BLS (May 2019) estimates, which is much higher than other cities and states in the US. This is bound to grow in the coming years.
- Mental Health was Prioritized
With coronavirus came global lockdowns and social distancing measures – and the onset of depression was widespread. Mental health became a big issue to deal with, as we were dealing with the pandemic, for the stress and anxiety were collectively unbearable for the community. As the pandemic hit, mental health, also called the shadow pandemic of the year 2020, arrived with its tentacles.
The healthcare industry was not far behind in coming up with newer approaches and treatment methods for mental health. At the heart of this movement was New York leading the way once again. According to Health Innovation Report, New York has also become the center of the digital mental health movement, and this growing consciousness is more important than one can fathom.
$200M has been invested in this sector, which is a whopping 5 percent of the total healthcare funding. There are a number of mental healthcare startups that are driving this movement. The names include Columbia Mind Ventures, Spring Health, and Tia. Mental health must be integrated with primary care to ensure better lives and healthier outcomes for one and all.
- Therapeutics & Diagnostics established NY as a leader once again
As Pfizer was the first to come out with the vaccine that should stop demise and disease globally, it helped NY prove its stature as a leader in the domain of therapeutics. Other smaller NY biotech combinations also made significant contributions, worthy of mention.
Some provided face masks, and others provided ways to do COVID-19 testing from the comfort of people’s homes. The agile mindset is crucial, for as the Health Innovation Report outlines, it would lay the cornerstone for the arrival and development of future biotech companies.
Biotech companies found newer ways to keep their workforce productive while staying remote. A shift towards constitutional genetics is also being noted, and this is expected to change the entire framework within which the care paradigm exists. Preventive screening is essential and can save you from a lot of diseases if discovered well within time.
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