Industry Trends

The report covers healthcare staffing, rising expenses, maximizing profits, valuations, innovation and demographic trends, telehealth, ASC growth and more.

Overall, Massachusetts hospitals paid a staggering $1.52 billion last year to hire temporary hospital workers, mostly “travel nurses,” amid a labor shortage that contributed to record financial losses for many institutions.

Lifespan is also seeking to strengthen its research partnership with Brown University, where Care New England is also involved. As well as planning physical space better to improve efficiencies, there could be real advantages to enhanced collaboration.

One of the main challenges facing AMCs is the shortage of physicians, which is predicted to become more acute in the coming years.

They provide scale to help reduce costs associated with obtaining medical services and supplies or prescription drugs, and enable health systems to reduce other operational expenses.

As cyber attackers get more creative and persistent, it’s important for providers to understand the implications of attacks.

Cardiology and orthopedics were the second and third highest projections for investments.

Petris Center researchers expect the rising trend to continue due to increased healthcare spending projections, available private equity capital and the disruption to healthcare that the COVID-19 pandemic caused.

Many orthopedic and spine practices have weighed the decision of either taking private equity investment to support themselves or seeking other avenues to remain independent.