OCTOBER 2023
MARKET REPORT
The 2024 Outlook Edition
As fiscal year 2023 comes to a close, hospitals and health systems are already planning their fiscal and program objectives for 2024. From rising regulatory penalties to decreasing numbers of specialized staff, these are the stories we think make a difference to health system strategy in 2024.
Check out our list of trending stories below:
Becker's Hospital Review, October 16th, 2023
“Becker’s asked C-suite executives from hospitals and health systems across the U.S. to share their organization’s areas of growth for the next few years. The 49 executives featured in this article are all speaking at the Becker’s Healthcare 11th Annual CEO+CFO Roundtable.”
HealthLeaders, October 20th, 2023
“As premiums increase by 7% on average, hospitals will likely experience increased costs related to employee health benefits. This added expenditure can strain hospital budgets, affecting their ability to invest in other critical areas of the business.”
Fierce Healthcare, October 20th, 2023
“Employers are expecting healthcare costs to rise by 6.4% on average next year. To mitigate this, they’re taking a look at the relationships they have with vendors and health plans to identify areas where they can reduce expenses. More than a third (37%) said they are rolling out programs or finding vendors who can address costs, and 50% are considering similar steps within the next two years, according to the survey.”
Healthcare Finance News, October 12th, 2023
“Many systems need to ask themselves; how can we get more throughput in our existing brick and mortar? It’s also about making the brick and mortar that we have be more productive and kind of bootstrap in ourselves to where we can then afford to get newer facilities that are in the more appropriate locations”.
Healthcare Dive, October 23rd, 2023
“But while the pandemic has wound down, the effects of supply chain disruptions still haunt the industry — about 93% of provider executives reported they were still experiencing product shortages”.
Becker’s Hospital Review, October 16th, 2023
“There are hospitals that if they were a hotel, you probably would not book to stay in,” Dr. Farrugia said. “We need with urgency to renovate the fiscal infrastructure of healthcare in this country and globally in order for us to properly do digital healthcare, because the future is really a seamless integration of digital and physical. You can’t do one without the other.”
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