JP Morgan - Business Leaders Outlook, Healthcare, 2023

The 2023 Midyear Business Leaders Outlook for Healthcare report provides insights into the current state of the healthcare industry and how leaders are navigating potential economic challenges. One of the key takeaways from the report is that healthcare leaders are prepared for a potential recession. Most said they’ll change their strategy, pricing or product mix. The most commonly cited external threats to healthcare companies are inflation, rising energy prices, competition, and cybersecurity and fraud. The report also highlights the increasing use of nontraditional care models in the healthcare industry. A commanding 93% of leaders are using or considering at least one nontraditional care model, with home care being the most common. Healthcare leaders are also using digital wallet capabilities, patient financing, and real-time means of collecting patient feedback to improve the patient experience. The report also includes insights into how healthcare leaders are using artificial intelligence, blockchain, and other technologies to transform care models and improve outcomes. For example, a majority of respondents said their organizations are using or considering remote patient monitoring and telehealth, and nearly 7 in 10 leaders said they’re using or considering adapting AI tools. Overall, the report suggests that healthcare leaders are optimistic about the national economy, but are also aware of potential challenges and are taking steps to prepare for them. By embracing new technologies and care models, healthcare organizations are positioning themselves to provide better care and improve outcomes for patients.