The COVID-19 pandemic will continue to be a key presence in2023, even as the public health emergency designation -- which has propped up funding and key programs in the sector -- winds down in May, sparking a major transition in the industry.
Providers, already facing pandemic-fueled labor shortages, may struggle to rein in expenses, and financial circumstances for hospitals and clinicians may fall into negative margins this year. To make matters worse, clashes are expected between payers and providers during rate negotiations as both groups eye a potential widespread economic recession.
Hospitals face labor shortage trends, which began during the onset of the pandemic and have yet to abate, stemming from persistent burnout among workers who have spent years working on the front lines of the pandemic.
Some of those workers, concerned about staffing levels, safe conditions and adequate pay, have taken to the picket line, a movement that’s expected to continue among hospital systems this year.
Meanwhile, the pandemic’s effect on healthcare technology
innovation will continue to shape the sector this year.
Digital health funders are expected to look for safety over risk, benefiting public companies that have already shown a track record of stability.
And the use of telehealth will likely veer into more specialized “high-value” areas as the surge in usage drops from pandemic heights.
Read about these trends and more in the following articles.
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