After facing multiple issues for several quarters, hospital companies are witnessing improving market conditions thanks to the easing staffing challenges and increasing non-Covid utilization, Zacks Equity Research reports. As serious medical conditions continue to rise, outpatient surgeries and patient days are likely to increase, boosting Zacks Medical-Hospital industry players’ revenues. However, growing competition in this market remains a common theme. Technological innovations and adoptions are expected to provide companies with a competitive edge and improve efficiency. Leading industry players like HCA Healthcare, Universal Health Services, Acadia Healthcare and Tenet Healthcare should benefit from these developments. Read more.
Related Posts
Digital Health Investors Weigh in on Aftermath of Silicon Valley Bank Collapse
The collapse of Silicon Valley Bank, a firm popular with tech startups and investors, could have lingering effects on the digital health ecosystem as the sector adjusts to a slowing funding environment.
April 3, 2023
Artificial Intelligence Could Save Healthcare Industry $360B a Year
The buzz around AI has increased as the ChatGPT model takes the internet by storm. It’s no different in healthcare.
January 27, 2023
Covenant Healthcare Reaches $69M Settlement for Violations of Stark Law, Anti-Kickback Statute
According to the government, Covenant engaged in various schemes and had “improper financial relationships” with eight referring physicians and a physician-owned investment group.
May 8, 2023
Morris Hospital (IL) Informs 248,000 Patients of Data Breach
Based on the investigation, forensic evidence indicated that an unauthorized party exported data from the hospital's network system to an external cloud storage platform. The network system is separate from the electronic medical record systems that are used for patient care.
August 23, 2023