SEPTEMBER 2023
MARKET REPORT
The Strategic Planning 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:
Modern Healthcare, September 15, 2023
“Higher rates of penalties for hospitals likely reflect their hardships during peak months of the pandemic in 2021 and 2022. For the upcoming year, 70.1% of hospitals will be charged penalties of less than 1% on their readmissions. That compares with 67.1% of hospitals in fiscal 2023.”
Healthcare Finance News, September 14, 2023
“More than half (56%) of the respondents cited software and technology as one of their top three strategic priorities, compared with 34% in 2022. Around 75% of respondents expect growth in software and technology spending to continue over the next 12 months.”
KFF Health News, September 8, 2023
“More than 100 million Americans don’t have usual access to primary care, a number that has nearly doubled since 2014. Studies show that a strong foundation of primary care yields better health outcomes overall, greater equity in health care access, and lower per capita health costs.”
Healthcare Real Estate Insights, September 19, 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”.
Modern Healthcare, September 28, 2023
“Reports from the agencies often cited operating losses stemming from labor shortages and high costs plus dwindling liquidity, high debt-to-cash ratios and/or possible default on debt agreements as reasons for the downgrades.”
Healthcare Dive, September 14, 2023
“Although wage growth is slowing, hospital and ambulatory healthcare services payrolls have risen for 19 and 31 consecutive months, respectively. Job openings and quit rates have declined from peak levels, but they remain elevated compared with pre-pandemic figures”
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