HEALTHCARE PREDICTIONS FOR 2024
- 65% of health plans ranked biosimilars coming to market among their top three cost deflators. 1
- 57% of health system executives anticipate talent shortages and workforce challenges will affect their strategy in 2024, down from 68% last year. 2
- 52% of healthcare executives expect their facilities to improve organizational health in 2024, up from 37% in 2023. 3
- 50% of health plan executives say affordability issues are the most probable factor impacting their strategy in 2024. 2
- 7% of healthcare plan executives and 3% of healthcare executives have a positive outlook for 2024. 2
5 FACTORS SHAPING HEALTHCARE IN 2024 2
- Mergers and acquisitions, consolidation and convergence
- Generative AI and digital transformation
- Workforce talent challenges
- Outsourcing and offshoring
- Affordability and empowered consumers
WHAT’S AHEAD FOR AMBULATORY SURGERY CENTERS
- 3.1%: The approximate increase in Medical reimbursement rates across all ASC procedures. 4
- 31% of ASC employees are considering leaving their jobs in 2024. 5
5 SENIOR LIVING MARKET TRENDS FOR 2024 6
1. Increasing occupancy rates
2. Shift toward wellness-oriented communities
3. Economic headwinds
4. Market consolidation
5. Technology supporting a continuum of care
5 WAYS AI IS POISED TO CHANGE HEALTHCARE 7
- Align providers and patients for improved health outcomes.
- Improve payment processes across the healthcare ecosystem.
- Combat the healthcare workforce shortage by empowering current employees with information.
- Track and understand the operations of AI models and improve model transparency.
- Realize that innovation advancements will be driven by compliance.
WHAT HEALTHCARE EXECUTIVES LOOK FOR IN AI AND TECHNOLOGY
- 78% of healthcare companies say it’s “important” or “very important” for the software they buy to have AI functionality. 8
- 72% of healthcare workers are interested in technology that reduces time of administrative work. 8
- 58% of health system leaders are working on an AI adoption strategy or have one in place. 9
Sources:
- PWC, “Medical cost trends: Behind the numbers 2024,” 2023.
- Deloitte, “2024 Outlook for Health Care Planning for the Future of Health: Top trends for 2024,” December 2023.
- Benefits Pro, “Majority of health care leaders expect improved organizational health in 2024,” December 2023.
- HST Pathways, “This Week in Surgery Centers: Kara Newbury – Acting on CMS’ 2024 Final Payment Rule,” December 2023.
- in2itive, “The Future of Ambulatory Surgery Centers: Predictions and Preparations for 2024,” December 2023.
- Smartcare Software, “5 Senior Living Market Trends in 2024 – What to Expect and How to Stay Ahead of the Curve,” November 2023.
- Healthcare Dive, “AI to take center stage in healthcare in 2024,” November 2023.
- G2, “2024 Trends: Smart Investments in AI Will Drive ROI in Healthcare,” October 2023.
- Healthcare Business Today, “5 Bold Predictions For AI In Healthcare For 2024,” November 2023.
