Healthcare organizations (HCOs) are navigating turbulent waters as they confront long-standing business challenges and broad financial currents. The convergence of those elements assessments HCOs’ adaptability and resilience. They face rising medical prices and utilization, dwindling client belief, an rising demand for value transparency, and the load of an impending election. In two new studies on healthcare developments in 2024, we discover how HCOs can climate the storm and overcome these challenges.
Healthcare Suppliers: Steadiness Innovation And Enterprise Realities
The crew is getting stressed. Mounting clinician burnout and rising medical deserts are creating an unsustainable new regular in healthcare. Healthcare supplier organizations (HPOs) transitioning to value-based care fashions and exploring generative AI options ought to be cautious about their potential penalties. These ramifications not solely have an effect on sufferers but additionally influence hospital employees, making it essential for leaders to handle them earlier than workforce dissatisfaction reaches a breaking level. HPOs should keep grounded and vigilant, specializing in vital infrastructure and enhancing worker expertise earlier than venturing into new waters. Try the total report back to delve into the highest 5 developments that healthcare suppliers want to organize for in 2024.
Well being Insurers: Steadiness Differentiation And Price Slicing
Like a brand new boat proprietor, well being insurers are discovering that the promise of Medicare Benefit will not be actuality. As a substitute, they encounter empty sails as disappointing income and controversial modifications to star-rating calculations emerge. To handle shrinking margins, well being insurers are implementing cost-cutting measures and adopting AI, notably in prior authorization, the place there’s rising stress to scale back turnaround occasions. As well being insurers attempt to regain stability and stand out from the competitors, they have to prioritize buyer belief and loyalty. Try the total report back to discover the total record of the highest 5 developments that well being insurers want to organize for in 2024.
Put together To Sail The Altering Winds
Fascinated by plunging deeper into these developments and charting a course to smoother crusing in 2024? Forrester shoppers have the choice to request an inquiry or steering session. If you’re not a Forrester consumer, you possibly can attain out to the Forrester account staff to discover how one can profit from Forrester Selections and harness its energy.