Approximately 40 percent of Americans are declining the COVID-19 vaccine despite the urging of healthcare professionals at large. What does this trend foretell about the erosion of trust in healthcare?
Array Advisors published the first installment of its new whitepaper series, “Healthcare in 2040.” Part one, “The Erosion of Trust in Healthcare” forecasts four industry trends that could shape healthcare over the next two decades. These emerged after conducting interviews with leading healthcare executives, supplemental research and analysis. Our CEO and Co-founder, Trenor Williams, was one of 16 industry experts who provided perspective on why such a large percentage of patients are declining the vaccine and how to combat the trust decline within the healthcare system.
Deteriorating trust in healthcare is described as a societal trend where patients will no longer listen to what the provider says. It is a watershed issue because it forces providers, health systems, new entrants and regulators to re-evaluate their approach to earning patient confidence. The authors explain current trends influencing the decline in trust and predict what a future provider/patient relationship will look like.
Read the full whitepaper to learn more about this eye-opening trend and the strategies that organizations across the healthcare ecosystem can apply to re-establish trust and fend off potential instability.