Healthcare in 2024: Navigating Higher Costs, New Technologies, and Demanding Regulations
Lexology December 20, 2023
The key challenge for healthcare in 2024? Scarcity.
As labor costs continue to skyrocket and evolving regulations demand more from payers, providers, and life sciences companies, the healthcare sector will battle limitations in access to quality data, financial resources, and talent. Technologies like automation, artificial intelligence (AI), and machine learning (ML) can help, but many struggle to implement them.
Here’s what industry players should pay attention to in the year to come.
Regulatory focus on diversity, equity, and inclusion (DEI) will create new operational challenges for providers and drug developers
Regulatory agencies are taking steps to spotlight DEI in healthcare. For instance, the Food and Drug Omnibus Reform Act of 2022 (FDORA) provided draft guidance to promote greater diversity in...