In a Jan. 4 VMG Health survey of 141 health system executives, including CEOs, CFOs and COOs, labor shortages ranked as the most prominent expected financial challenge in 2024.
Here are the nine most prominent financial challenges health systems expect to face this year:
Labor shortage/contract labor: 77%
Physician enterprise losses: 40%
Aging infrastructure/reinvestment in physical plant: 34%
Payer contract negotiations: 31%
Capital accessibility: 28%
Payer mix shift: 26%
Supply and drug costs/supply chain challenges: 21%
Information technology investment requirements: 18%
Competitive investment by others: 16%
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
