2023 was a year of recovery for healthcare organizations nationwide, as many worked to rebuild financial health following a challenging 2022. While hospitals and health systems saw gains in revenues and margins, ongoing expense pressures slowed progress.
Despite continued challenges, healthcare leaders are optimistic about the year ahead. Our annual survey of healthcare finance professionals found that more than half are optimistic about their organizations’ financial health. Respondents cited their top priorities for 2024 as:
- Reducing costs
- Managing strategic and performance improvement initiatives
- Managing service line financial performance
This report combines findings of our annual CFO Outlook survey with year-end data from more than 1,300 hospitals and health systems and more than 135,000 physicians, including Axiom™ Comparative Analytics and Strata’s All-Payer Claims and StrataSphere data.