Becker's Healthcare August 26, 2024
During 2023, healthcare systems, hospitals, and practices made progress rebounding from the pandemic’s many disruptions. While momentum remains positive, significant headwinds persist.
Overall Observations
- Provider finances are healthier, but there is considerable variability among organizations and the gulf between stronger and weaker performers may be widening.
- Many trends and forces intersect and often conflict, rendering decision-making more complex, with high-stakes.
- Affordability, patient financing and competitive factors are a key triad influencing the patient financial experience in 2024.
- Technology investment is still a priority, especially in revenue cycle automation, artificial intelligence and cybersecurity, but many providers are constrained by their financial challenges.
Financial Update
The financial picture for many health systems, hospitals and practices has brightened somewhat in...
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