2023's tough financial outlook for hospitals

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Top Story 2022 Was Hospitals' Worst Financial Year in Decades, But 2023 Won't Be Much Better Financial analysts have said that 2022 may have been the worst year for hospital finances in decades. This year looks like it will be yet another year of financial underperformance, with rural providers in especially dire circumstances.

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10 Key Medtech Themes for 2023 We expect 2023 to be a pivotal year for the industry, as the accelerated acceptance of virtual care and demographic trends, such as an aging population, increasing chronic illnesses and healthcare worker shortages, sustain demand for medtech-enabled solutions. Technology Will Be Critical To Move Healthcare Organizations Forward in 2023 with the right technology, healthcare organizations in the year ahead can become more efficient, make quality care accessible to more people, reduce their recruiting and hiring costs, prevent mistakes, and deliver better outcomes for themselves, their workers and their patients. KFF: Women Experience Insurance Coverage Problems More Than Men About 31% of women ages 18 to 64 with health coverage said that in the last year, they or a family member received care that their health plan did not cover at all or paid less than expected. In comparison, 26% of men said this, according to a KFF survey. Health Vendors Will Face More Pressure To Prove Medical Cost Reduction in 2023, Experts Say As a possible recession looms, the unemployment rate will likely rise, meaning employers won't have to work as hard to find workers. Therefore, they'll likely be cutting down on the digital health companies they work with, and tech vendors will really have to prove their worth in reducing costs, one expert says. Achieving True Health Care Transformation Requires Rethinking Compensation Models. Executive Performance Metrics Healthcare leaders now need to strike a delicate balance that requires managing financial and growth metrics, increasing the speed of transformation, and building the health systems of tomorrow. So how do we redefine compensation models to reward all these behaviors? The Importance of Quality Assurance for Customer-Centric Medical Technology Having a streamlined process to get customer feedback, adhere to regulations, and automate processes not only helps make sure a business delivers the best quality products, but also helps ensure that customers are satisfied. What Will the Pharma Industry Face in the Year Ahead? Many pharma and medical device companies will look inward, with the goal of standardizing and modernizing even highly regulated activities. Here's a closer look at some important industry trends for 2023. Survey: Americans Are Split on the Covid-19 Public Health Emergency About 51% of U.S. adults are in favor of the Covid-19 public health emergency still in effect, while 39% said it is no longer needed, a recent Morning Consult survey found. Americans' opinions varied based on political party, generation, race/ethnicity and location. Health Equity is Everyone's Business; Success Requires a Strategy Rooted in Community Voice and Data Our research has found that to advance ongoing work, community health ecosystems likely will need additional partners, shared goals, technology, and metrics. But most importantly, they will need the participation and leadership of more community members. CMS: ACA Marketplace Enrollment Reaches 11.5M About 11.5 million people have selected a health plan through the ACA Marketplace as of December 15. This is 1.8 million people more than the same period last year, representing an 18% increase, CMS said.

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