5 Factors Likely to Shape Health Care in 2024: Deloitte Report

5 Factors Likely to Shape Health Care in 2024: Deloitte Report

In its annual healthcare outlook survey, Deloitte cited five factors that will reshape the healthcare industry in 2024. The survey serves as a compass for industry trends and forecasts, outlining a transformative roadmap for the year ahead. From the resurgence of M&A activities and the adoption of generative AI, to navigating workforce talent challenges and exploring outsourcing strategies, the healthcare industry is gearing up for some real changes.  These key factors are projected to reshape the healthcare market in the coming year:  M&A, Consolidation and Convergence: While hospital and health system M&A activities saw a notable decline during the COVID-19... Read More »
Behavioral Health Care M&A Deals Decline Amid Construction-Related Inflation, Fed Rate Increases

Behavioral Health Care M&A Deals Decline Amid Construction-Related Inflation, Fed Rate Increases

Market conditions that include rising borrowing costs and increasing construction-related expenses have led those engaged in behavioral health care deals to employ various growth and expansion strategies. Shane Harmon, senior director, behavioral health at Blueprint – Healthcare Real Estate Advisors, is a broker who has had to go well beyond reliance on the typical M&A approach to business. “I would say since Blueprint started their behavioral division, in July of last year, we’ve done 12 transactions [worth] $80 million,” Harmon said. The deals include eight real estate conversions, three sale leasebacks and one business sale. The firm is also working on three other sales.... Read More »
A Historical Slowdown: Mertz Taggart’s Q3 2023 Home-Based Care M&A Report

A Historical Slowdown: Mertz Taggart’s Q3 2023 Home-Based Care M&A Report

The latest Home-Based Care M&A Report from Mertz Taggart, a Fort Myers, Florida-based M&A firm, sheds light on the subdued M&A activity in the Home Health & Hospice (HH&H) sectors throughout 2023. While the second quarter showed a slight uptick, Q3 remained slow, raising concerns within the industry. The third quarter witnessed historically low transaction numbers, with only 23 HH&H transactions announced, a 12% decrease from Q2:23, and a 15% decrease from Q3:22, according to data captured in the LevinPro HC database.  One factor contributing to the slowdown could be the anticipation surrounding the home health payment rule, which resulted in a modest 0.8% aggregate... Read More »
5 Factors Likely to Shape Health Care in 2024: Deloitte Report

Amwins Releases State of the Market Report: A Focus on Healthcare

Amwins, a global distributor specializing in insurance products and services, released on November 8 a healthcare-focused State of the Market report. The report offers insights into current market trends, their impact on capacity and pricing and the specific challenges faced by different classes within the healthcare industry.  The Amwins Healthcare State of the Market Report delves into the multitude of factors influencing the healthcare marketplace. It includes detailed insights across critical segments, such as long-term care and senior living facilities, hospitals and non-emergency medical transport (NEMT).  “Current developments are keeping the trajectory of the... Read More »
CVS Health Scores with $2.2 Billion in Q3 Profit Amid Layoffs and Acquisitions

CVS Health Scores with $2.2 Billion in Q3 Profit Amid Layoffs and Acquisitions

CVS Health (NYSE: CVS) released its Q3:23 operating results on Wednesday, November 1, 2023. The company reported net income of $2.2 billion, or $1.75 per share, thanks to double-digit percentage sales growth across all the company’s businesses and contributions from its new healthcare services acquisitions. This compares to the net loss of $3.4 billion, or $2.59 per share, announced in the same quarter last year when the company recorded $5 billion in opioid-related litigation charges. The giant drugstore chain has spent nearly $20 billion this year on acquisitions. First, the company added senior primary care centers via its acquisition of Oak Street Health for $10.6 billion in February.... Read More »
Telemedicine Surge Drives Increased EHR Utilization, New Study From JAMA Reveals

Telemedicine Surge Drives Increased EHR Utilization, New Study From JAMA Reveals

In a recently published report in JAMA Internal Medicine, A. Jay Holmgren, PhD, and colleagues explore the relationship between the increasing adoption of telemedicine and key indicators of electronic health record (EHR) utilization among ambulatory physicians. Over a period of 115 weeks, the study observed 1,052 ambulatory physicians at a major academic medical center, providing a robust dataset of 35,697 physician-week observations. The aim of the study was to investigate how telemedicine utilization influenced physician EHR engagement and patient messaging volume in the ambulatory healthcare setting.  There has been an increase in telehealth M&A this year. While most eHealth... Read More »