Why specialty care? For starters, that is where the money is—or at least a lot of it. Data from a 2020 JAMA article showed prescription drug spending in specialty care accounted for about $1 trillion.
Coming out of the pandemic, a hot topic today is access. Practices learned that telehealth could solve longstanding issues with in-home care and rural delivery, and now entrepreneurs are rising to respond.
Private investment will continue, as partners look for opportunities to support lower-cost models of virtual or in-home care. Specialty practices that succeed will be those that understand how to reduce the costs of units of care, measure quality, and coordinate care with data, so that services are targeted based on clinical segmentation.
There is never a perfect time to try value-based care, however, notes the American Journal of Managed Care. Read more.
