The Business and Finance of Healthcare in 2024

In anticipation of the upcoming year, Health IT Answers features expert voices discussing the future of healthcare from a business and financial perspective. The article highlights the financial challenges faced by hospitals and health systems, including lower revenues, higher costs, and labor shortages impacting overall efficiency. Traditional providers are also contending with increased competition from disruptors, resulting in a loss of outpatient market share. To address these challenges, providers are advised to analyze benchmark data, understand their competition, and restructure technology and processes to eliminate inefficiencies. Notably, Jonathan Shoemaker, CEO of ABOUT Healthcare, contributes insights to guide providers in navigating the evolving healthcare landscape.

Read the full article in Health IT Answers.