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Risk Matters: Healthcare Trends

This is the last Risk Matters article for 2023.  Normally, the end of the year is a time for reflection, but in the Risk department we are always looking toward the future to anticipate issues that may adversely affect our policyholders.  According to Forbes magazine*, the Top 5 Healthcare Trends in 2023 and beyond are:

  • Artificial Intelligence in Healthcare
  • Remote Healthcare – Virtual Hospitals, Healthcare Communities, and Telehealth
  • Retail Healthcare
  • Wearable Medical Devices
  • Personalized Healthcare

While not all these trends are brand new, each brings its own unique challenges.  Our policyholders report being approached by vendors and presented with modalities new to the market which impact the practice of medicine with promises of efficiency and cost reduction.  As with most trends and new modalities, especially those that are technology-related, there will be new risks for physicians and providers.  Rest assured that SVMIC and the Risk Department will remain vigilant in our protection of our policyholders.  We will be addressing several of these topics and trends in the coming year. In the meantime, if you are approached by a vendor offering new technology related to these cutting-edge trends and have questions, please contact one of our risk education consultants or claim attorneys.

About The Author

Jeffrey A. Woods is the Director of Risk Education in the Risk Education and Evaluation Services Department at SVMIC. Jeff received his Bachelor of Science degree from the University of Tennessee Martin and his Juris Doctorate degree from the University of Tennessee Knoxville. Following graduation, he practiced law in Knoxville for almost 15 years, advising physicians and healthcare providers and defending them in malpractice claims. He is licensed to practice in Tennessee and all Federal courts, including the United States Supreme Court. He is a member of the Tennessee Bar Association.

Jeff joined SVMIC in 2003 and was a Senior Claims Attorney until 2015 when he transferred to his current position.

The contents of The Sentinel are intended for educational/informational purposes only and do not constitute legal advice. Policyholders are urged to consult with their personal attorney for legal advice, as specific legal requirements may vary from state to state and/or change over time.

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