inflation
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Hospitals’ Operating Margins Fell In July After 4 Months of Growth
Hospital finances worsened in July as volumes dropped, according to a new report. Following four months of growth, hospitals’ median year-to-date operating margin index fell 1.3%, down from 1.4% in June. Hospital finances still remained in a better place than they were last year, given hospitals’ median operating margins were -0.98% in July 2022.
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Employers’ Healthcare Costs Expected To Rise 8.5% in 2024
Employers’ healthcare costs are anticipated to rise by 8.5% in 2024, according to Aon. The projected increase is nearly twice the 4.5% increase that employers saw from 2022 to 2023. Inflation is a major factor for the increase.
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Payer’s Place: Dawn Maroney
Dawn Maroney, President, Markets of Alignment Health and CEO of Alignment Health Plan, to discuss how they are using technology to provide better service and care to consumers.
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Rising Costs Are Keeping Healthcare CFOs Up a Night — Can Data Help?
The increasing costs of labor and supplies are the top issues keeping healthcare CFOs up at night, according to a new report. Even though providers’ margins are currently quite tight, the report recommended that healthcare organizations adopt data analytics software to remedy these concerns and help with important decisions like how to effectively manage their existing workforce and where to shift care delivery models.
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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.
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2023 Will Be a Year of Shrinking Margins and More Consolidation for Hospitals, Expert Says
Inflation and shrinking operational margins are among the key factors that will influence hospitals and health systems’ strategies in 2023. To deal with this, more hospitals will merge with other systems, predicted Tina Wheeler, Deloitte’s leader for its healthcare sector.
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Consumer / Employer, Health Tech
3 Healthcare Macroeconomic Trends a KPMG Exec Will Follow in 2023
As the healthcare industry prepares for a possible recession, Ash Shehata of KPMG expects to see more use of technology, targeted investments and an impact on consumers’ wallets.
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Report: Health Insurance Is Influencing Americans’ Job Choices
More than 31% of people with employer-sponsored insurance stuck with a job they disliked for the company’s health insurance, a Forbes Advisor survey found. Another 8% of respondents left a job they liked to seek better coverage.
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Report: Insurers from 55 countries expect healthcare benefit costs to jump 10% in 2023
The 10% increase is the largest in almost 15 years, the Willis Towers Watson survey found. Most of the insurers, or 75%, blamed the overuse of care for the rise in medical costs.
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The compounding effects of inflation on health and health outcomes
Decreased spending power compounds the impact of social risk particularly by surfacing other associated deficiencies in areas such as health literacy, digital access and social isolation.
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Applying Remote Patient Monitoring to Surgery Prep and Recovery, Oncology and Women’s Health
Join us to learn about the latest trends in remote monitoring and how to extend its benefits beyond chronic conditions to more patients – all while using fewer staff resources.
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Healthcare costs for employers to rise 6.5% in 2023, Aon report predicts
The 6.5% increase in average costs for U.S. employers is more than double the 3% increase employers experienced in 2022, the report said. However, the increase is below the 9.1% increase in the Consumer Price Index.
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Moody’s: Slowing economic growth, inflation to have negative impact on health insurers
These issues will likely be modest, Moody’s said in its August report. Unlike hospitals, insurers will be less exposed to supply chain issues, higher interest rates and labor shortages.
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Most Medicare beneficiaries concerned about healthcare cost inflation, survey finds
About 95% of Medicare beneficiaries are anxious about inflation’s impact on healthcare costs, with 45% saying costs have already increased because of inflation, the eHealth survey discovered.
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Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
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Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
