Healthcare Technology Predictions for 2024

Although still below historic levels, hospital margins moved in the right direction in 2023. Despite the challenges of labor shortages, payer reimbursement and drug costs, healthcare organizations saw increased revenue and decreased lengths of stay – both of which contributed to better operating margins. More than 85% of health systems are increasing their 2024 digital and IT budgets, and almost half project moderate to significant increases.

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Sanaz Cordes, MD