Industry Trends

Since 2019, there have double-digit jumps in premiums, sometimes more than doubling all at once.

Despite growing investment in digital health companies over the past decade, the digital health industry is still nascent, and its funding is a fraction of that for the broader health care industry.

Venture capital investments in healthcare information technology dropped to $451 million in the fourth quarter, a decrease of more than 75 percent from the quarterly average in 2021.

Kaweah Health’s financial situation is continuing to worsen with no end in sight, leading CEO Gary Herbst to seek help from Tulare County for the Visalia hospital. 

Adults 55 and over reported the largest year-over-year increase with a 12% boost of telemedicine adoption to 76%.

Following years of declining revenues and an unstable reimbursement environment, the McLaren St. Luke’s Board of Directors has the unanimous decision to close the Michigan hospital and related outpatient services.

Major U.S. retailers including Best Buy, Walmart and Amazon are increasing their offerings of healthcare and health-related products as inflation-wary Americans shift more of their budgets to services and away from goods.

In January B Capital announced the close of Growth Fund III and affiliated funds with aggregate capital commitments of approximately $2.1 billion. With these fund closes, B Capital’s total assets under management are approximately $6.3 billion.

Steward Health Care has asked San Antonio-based University Health System and Bexar County to take over the troubled San Antonio hospital. However, both entities have so far declined. 

In 2021, MA insurers reported gross margins averaging $1,730 per enrollee. That was at least double the margins reported by insurers in the individual/non-group market ($745).