TIAA
Sustainable Strategies for U.S. Healthcare System
Pages
13
Time to read
23 mins
Publication
Language
English
Pages
13
Time to read
23 mins
Publication
Language
English
This white paper discusses the challenges facing the U.S. healthcare system as it navigates workforce, productivity, and financial wellness issues. It outlines the increasing demand for healthcare services due to an aging population, with over 55 million Americans aged 65 and older, and the corresponding rise in health expenditures projected to exceed 17% of GDP by 2024. Despite the addition of 2.6 million jobs in the health sector since the pandemic, significant workforce gaps remain, particularly in rural areas. The paper emphasizes the stagnation of healthcare productivity despite advancements in technology and highlights the need for innovative strategies to enhance efficiency. It presents a framework consisting of three strategic imperatives and cross-cutting lenses aimed at fostering collaboration, improving workforce dynamics, and addressing the unique challenges posed by an aging population. The insights gathered from healthcare leaders and experts aim to stimulate discussions on evolving health systems and adapting to future demands.