It's the time of year when everyone is making predictions, so we thought we would throw our hat in the ring and predict a few things of our own.
1. Health care costs will only continue to rise, inhibiting patients' ability to pay for healthcare procedures.
There are several factors that have contributed to our prediction. According to certain studies, healthcare costs will reach 4.8 trillion dollars in 2021. Up from 2.6 trillion in 2010. With the price of healthcare reaching an all-time high, people will have to make tough choices about care. Do we replace that crown or do we go to physical therapy for our knee pain? Both hurt. Both need to be treated but the cost is prohibitive.
Another piece of the puzzle is an aging populous. The baby boomer age is entering retirement and sadly that badge of honor comes with expected and some not-so-expected healthcare costs.
This prediction will have consumers and business owners asking questions. How can we save as consumers so that we can get the treatment we need? As a business owner, how can you help your employees pay for insurance? How can you take insurance from clients without undercutting your business?
2. Cavities and dental work will reach an all-time high but not all the demand will be billable.
We predict more cavities, more root canals and more braces. Why? Well, sugar consumption is at an all-time high. And as we all know, sugar causes cavities. But sugary foods aside, there are many dental procedures that people will be getting and 2015 is the year for it!
With the advent of the Affordable Care Act, adults and children will have increased access to dental care through Medicaid. This means more practices will have to negotiate insurance and coverage with patients that may not be able to afford the coverage otherwise. Medicaid coverage will be limited and the patient's needs might exceed the coverage provided. How will dental practices handle the influx of new patients while still affording the best possible care? Stay tuned for updates on this prediction as it progresses in 2015.
Selfies, snapchat, pouty lips, the list goes on and on. People are obsessed with taking pictures of themselves. Even more importantly, they love when those pictures make them look fabulous. What happens when the Instagram filter option isn’t enough for you? Cosmetic surgery. All the stars are doing it?! We have to admit that we think self-esteem comes from the inside, BUT looking good on the outside certainly doesn’t hurt.
We predict more people will be searching for the perfect nose, Angelina Jolie lips and don’t forget erasing stress lines.
What does that mean for the cosmetic surgery industry? Take your vacations now Doctor, you are going to be booked.
These predictions will have consumers and business owners asking questions. How can we save as consumers so that we can get the treatment we need? As a business owner, how can you help your employees pay for insurance? How can you take insurance from patients without undercutting your business? …Stay tuned here as we explore how the businesses we work with have decided to embrace change as a way to help their clients while growing their business.
SO there you have it. A few of CareCap’s predictions for 2015. Have some predictions of your own? Did we get it wrong? Feel free to reach out to us on Facebook or comment on the blog to let us know!