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Industry leaders tackle rising costs in healthcare

Large Group, Small Group | NY-DOWNSTATE, NY-UPSTATE

The rising costs of healthcare continue to be a concern for providers, patients, and payers. Recently, Crain’s New York Business and Anthem Blue Cross and Blue Shield hosted a roundtable of industry insiders to discuss the issue of health care affordability and the steps being taken to mitigate costs.

Together, they identified strategies to address rising costs while enhancing care quality.

Key areas of focus include:

  • Adopting advanced technologies: Using AI and machine learning to predict and manage patient needs more effectively.
  • Improving operational efficiency: Applying agile management to eliminate waste and enhance service delivery.
  • Enhancing Preventive Care: Promoting practices that prevent illnesses and manage chronic conditions more efficiently.
  • Patient-Centered Innovations: A patient-centered approach is essential for these strategies to succeed. Key measures include: 
    • Telehealth services expansion.
    • Integrated care systems.

Though complex, these efforts aim to create a more sustainable and effective healthcare system. Leaders want to provide high-quality care that’s both accessible and affordable.

For more details, visit the full article on Crain's New York.