Top health industry issues of 2019

The New Health Economy comes of age

The US health industry has often lagged other industries when it comes to modernizing. Once thought to operate outside the greater US economy, the industry—with its byzantine payment system, complicated regulatory barriers and reliance on face-to-face interactions—is being disrupted. Finally, there’s robust evidence that what PwC calls the New Health Economy is kicking into gear.

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Digital therapeutics and connected care reshape the life sciences industry
 

In 2019, new entrants and biopharmaceutical and medical device companies will bring to market new digital therapies and connected health services that can help patients make behavioral changes, give providers real-time therapeutic insights, and give insurers and employers new tools to more effectively manage beneficiaries’ health.

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The Affordable Care Act in 2019: Still Alive
 

Two years into the Trump administration, the Affordable Care Act (ACA) remains law yet Republican lawmakers and the administration have reshaped parts of it through legislative, regulatory, budgetary and legal actions. In 2019, these actions will create new winners and losers.

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Your company’s new, upskilled health worker of the future is you
 

In 2019, healthcare companies will identify which employees have to be upskilled or reskilled to get the most out of new and impending technologies such as artificial intelligence (AI) and robotic process automation (RPA). These technologies will be critical in helping companies continue their shift into providing care anywhere through telehealth, as well as reduce transactional tasks for the 63% of US health workers that say the work they do requires a great deal of manual entry or analysis.

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Tax reform has only just begun for healthcare companies
 

The healthcare industry will begin to feel substantial effects of the 2017 Tax Cuts and Jobs Act in 2019. The law will create both new possibilities for companies looking to turn their tax savings into competitive advantages, and novel challenges for organizations facing new taxes. At the same time, emerging trade pressures may create uncertainties for companies hoping to maintain the status quo.

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Creating the Southwest Airlines of healthcare
 

In 2019, a health industry increasingly pressured to do more with less will take lessons from emerging companies that have figured out how to deliver value to uninsured and underinsured–traditionally deemed unprofitable–while turning a profit.

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Private equity: Healthcare’s new growth accelerator
 

For years private equity firms have invested in healthcare, but now the pace is quickening as they step up their presence in a highly fragmented health industry. Private equity’s acquisitions and investments in the health sector have become increasingly diversified and frequent. HRI expects this trend to accelerate in 2019, giving traditional healthcare companies opportunities to sell all or portions of noncore assets and double down on their core competencies.

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Contact us

Benjamin Isgur

Health Research Institute Leader, PwC US

Tel: +1 (214) 754 5091

Kelly Barnes

US Health Industries and Global Health Industries Consulting Leader, PwC US

Tel: +1 (214) 754 5172

Karen C. Young

US Pharmaceutical and Life Sciences Leader, PwC US

Tel: +1 (973) 236 5648

Gurpreet Singh

Health Services Leader, PwC US

Tel: +1 (312) 298 2160

Jeff Gitlin

US Health Industries Advisory Leader, PwC US

Tel: +1 (860) 559 6511

Kathy Michael

US Health Industries Tax Leader, PwC US

Tel: +1 (201) 615 6993

Tim Weld

US Health Industries Assurance Leader, PwC US

Tel: +1 (917) 882 9274

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