2022 Trends Shaping the Health Economy Annual Report
Each page of the report features a unique data story that explores the current and future state of the $4.1T health economy, including:
- The total addressable market of commercially insured patients is shrinking
- Care foregone during the pandemic is permanently lost, and the observed rebound in illusory
- Provider burnout is exacerbating the long-standing physician shortage
Collect the Past
In healthcare, what’s past isn’t prologue. On the other hand, it is impossible to predict the future with confidence without a comprehensive understanding of the past. Trilliant Health is the market leader in understanding what just happened in your market, which means you don’t have to be.
The easiest way to improve market share is to have a deeper relationship with your existing customers, and network integrity is the best measure of customer loyalty. Improve network integrity through a comprehensive understanding of the provider supply and corresponding practice patterns while integrating the consumer demands and preferences in your market.
Outpatient Trends Analysis
As consumers increasingly utilize ambulatory settings for all types of care, developing effective strategy requires understanding the provider supply and consumer demand factors influencing this trend.
Only by knowing where you are today can you understand what is required to reach your destination, whether increasing market share of a service or product line, making an acquisition, entering a new market, or understanding how consumer preferences impact patient journeys.
The Health Economy
The U.S. health economy is larger than the economy of every other country in the world except for China and Japan. Healthcare is complex and growing, and decisions made by healthcare stakeholders impact society in innumerable ways.
The health economy is, in fact, subject to the rule that applies to all market participants: the basic rules of economics. In the coming decade, stakeholders in the healthcare economy will increasingly be forced to develop evidence-based strategies that incorporate consumer preferences.
Organize the Present
Predict the Future
In the healthcare industry, every decision is important: the markets that you enter, the providers with whom you work, the products that you sell, and the consumers whom you serve. Healthcare stakeholders have historically been satisfied with “directionally correct” decisions, which history suggests are optimal occasionally, but always randomly. Trilliant Health’s predictive analytics are rooted in the probability of outcomes based on market-specific conditions, providing confidence, in the literal sense, that your decision will be an evidence-based decision.
Identify the most attractive growth markets based on current provider supply, consumer dynamics, and future growth. Apply your unique insights to our methodology to customize the outputs and evaluate alternative scenarios.
Our Demand Forecast solution is a compilation of more than 300 machine learning models that provides a 10-year projection of service demand across key market and consumer segments.
Understanding the Health Economy
Organizations in every industry - except the healthcare industry - invest millions of dollars to understand the total addressable market (TAM) for their products or services, their market share for those products or services, the value of the consumers in their markets, and the most effective strategies to take market share from the competition.
The projected average growth rate across major surgical service lines year over year through 2025.
The number of active Prime Memberships in the U.S. managed by new healthcare entrant, Amazon.
The share of Americans that report concerns around costs of care and surprise medical bills.
Winning a Losing GameThe U.S. health economy is a “negative-sum game”, with rising prices masking the reality that an increasing number of healthcare suppliers are offering services to a declining number of commercially insured patients. Winning a losing game requires understanding how declining demand and increasing supply will impact yield.