Despite coping with financial pressure and workforce shortages following the COVID-19 pandemic, spending on U.S. hospital services continues to increase and is projected to reach $1.52 trillion by the end of 2023. The 2023 Hospitals & Health Systems Market Report analyzes the major trends impacting the industry, including supply chain resiliency strategies, hospital purchasing priorities, strategies to retain the workforce, and the effect the COVID-19 public health emergency expiration will have on hospitals and health systems.
Key Insights
- Patient Volumes: 56% of hospital and health systems executives predict that patient volumes will increase through 2023 and into 2024.
- Supply Chain Solutions: 70% of supply chain leaders are planning to automate advanced planning and forecasting solutions by 2025.
- Digital Health Tools: 30% of hospitals have invested in digital health tools that enhance operational efficiency.
Table of Contents
- Executive Summary
- Market Overview
- Hospital Leaders Anticipate Increase In Patient Volumes
- Hospital Payer Mix Returning To Pre-Pandemic Levels
- Hospital Operating Margins Tick Up Amid Continued Financial Pressures
- Hospital Expenses Remain Elevated Compared To Pre-Pandemic Levels
- Population Increases And Industry Consolidation Are Driving The Growth Of U.S. Hospitals
- Rural Hospital Closures Continue As Rural Emergency Hospital Conversions Begin
- Key Changes Prompted By The Ending Of The COVID-19 Public Health Emergency
- Personnel Shortages And Financial Challenges Remain Top Two Hospital CEO Concerns For Third Year
- Hospital Registered Nurse Turnover Declining
- Hospitals And Health Systems Adopt New Retention And Recruitment Strategies
- Hospitals Are Prioritizing Social Factors That Influence Health In 2023
- Digital Health Investments Focus On Telehealth And Data Management
- Challenges During The Pandemic Prompt New Supply Chain Resiliency Strategies
- Supply Chain Leaders Are Focused On Technology Solutions For The Future
- Purchasing Leaders’ Strategies Rely On Close Working Relationships To Deliver Top Priorities
- Workforce Challenges And Site Of Care Shifts Are Driving IDNs’ Strategies
- HCA Remains The Largest Integrated Delivery Network
- GPO Annual Revenue Projected To Steadily Increase Through 2029
- Mergers And Acquisitions Regain Momentum In 2022
- Clarivate Lists Top Hospital Products Sold Through Distribution
Samples
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