2024 health tech budgets to be driven by AI tools, automation – STAT

Home
Don't miss out
Subscribe to STAT+ today, for the best life sciences journalism in the industry

for the latest news and insights in the world of life sciences, medicine, biotech, and pharma
at exclusive live and virtual events hosted by STAT
with subscriber-only newsletters delivered to your inbox daily
with our premium data tools

for the latest news and insights in the world of life sciences, medicine, biotech, and pharma
at exclusive live and virtual events hosted by STAT
with subscriber-only newsletters delivered to your inbox daily
with our premium data tools

for the latest news and insights in the world of life sciences, medicine, biotech, and pharma
at exclusive live and virtual events hosted by STAT
with subscriber-only newsletters delivered to your inbox daily
with our premium data tools

for the latest news and insights in the world of life sciences, medicine, biotech, and pharma
at exclusive live and virtual events hosted by STAT
with subscriber-only newsletters delivered to your inbox daily
with our premium data tools

By Mohana Ravindranath Jan. 3, 2024
Hospitals and clinics are expecting a slightly better 2024 compared to last year thanks to a return to mostly in-person care, patients resuming preventive visits and the gradual easing of labor costs and shortages. Still, the evaporation of pandemic-related emergency funding will deal a blow to resource-strained health systems, and leaders say they’ll ramp up tech investments, including in artificial intelligence-based tools.
Health care providers’ financial performance isn’t uniform and varies widely by setting, like rural or urban, as well as size and range of services offered. But they already showed signs of gradual improvement in 2023, leaving more funds available for technology investments, analysts told STAT.
advertisement
HCA Healthcare, a for-profit health system spanning more than 180 hospitals and 2,000 sites across the country, brought in nearly $48 billion in the first three quarters of 2023, compared to about $45 billion in that same period in 2022. Highmark Health, which operates both a health insurance business and a 14-hospital network in Pennsylvania and New York, took in about $20 billion in revenue in that same period, up 4% from 2022.
Get unlimited access to award-winning journalism and exclusive events.
Bay Area Correspondent
Mohana Ravindranath is a Bay Area correspondent covering health tech at STAT.
3 to watch
Artificial Intelligence
health tech
STAT+
Exciting news! STAT has moved its comment section to our subscriber-only app, STAT+ Connect. Subscribe to STAT+ today to join the conversation or join us on Twitter, Facebook, LinkedIn, and Threads. Let’s stay connected!
To submit a correction request, please visit our Contact Us page.
advertisement
Reporting from the frontiers of health and medicine
Company
Account
More
Become a STAT+ subscriber today!
Become a STAT+ subscriber today!
Unlimited access to essential biotech, medicine, and life sciences journalism
Become a STAT+ subscriber today!
Become a STAT+ subscriber today!
Your go-to source for the latest news and insights on biopharma and the life sciences
Become a STAT+ subscriber today!
Become a STAT+ subscriber today!
Unlimited access to essential biotech, medicine, and life sciences journalism
Become a STAT+ subscriber today!
Become a STAT+ subscriber today!
Your go-to source for the latest news and insights on biopharma and the life sciences

source

About The Author

admin

See author's posts