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2023 U.S. Hospitals and Health Systems Market Report

  • Report

  • 28 Pages
  • September 2023
  • Region: United States
  • Health Industry Distributors Association (HIDA)
  • ID: 5221341

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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