KM Discussion 9: Healthcare Services 

“Knowledge, like air, is vital to life. Like air, no one should be denied it.” 
– Alan Moore




		

	



	

		

			
			

		

	



	

		

			
Key Takeaways


    

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    Over the last 50 years, healthcare expenditures as a percentage of US Gross Domestic Product has tripled.
    

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    Between 2011 and 2019, healthcare expenditures are expected to be near 18% of US GDP. In that same time-frame, healthcare expenditures are expected to comprise 12% of employer health spending.
    

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    National and private health spending has declined over the last 50 years. This reduction could be the result of implementing more efficient processes, it could be the result of budget cuts, or it could be the combination of those two plus other factors.
    

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    The projected growth in US disposable income is expected to flatline from 2021 to 2025, decline further in 2026, and then by 2028 it will return to where it was in 2021.
    

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    KM in healthcare should not be about managing these workers per se, it should be about engaging them.
    

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References


PwC Health Research Institute. June 2018. Medical cost trend: Behind the numbers 2019. Retrieved from https://www.pwc.com/us/medicalcosttrends

Shahmoradi, L., Safadari, R., & Jimma, W. (2017). Knowledge Management Implementation and the Tools Utilized in Healthcare for Evidence-Based Decision Making: A Systematic Review. Ethiopian journal of health sciences, 27(5), 541–558.