Annual Survey Reveals Provider Sources of Financial Growth for Next Five Years, Challenges Ahead

Jonathan Bees, February 21, 2017

HealthLeaders Media's annual industry outlook survey asked senior healthcare leaders about the challenges their organizations are facing as they transition to value-based care models.

According to the January/February 2017 HealthLeaders Media Annual Industry Outlook Survey, healthcare leaders will rely on several key areas to fuel financial growth at their organizations over the next five years.

More than half (55%) of respondents say that expanding outpatient services is how their organization will fuel financial growth over the next five years, followed by developing or joining a shared risk, shared savings effort (50%), and executing a campaign to extend an existing market (39%).

This year's survey results are comparable to last year's, where the top three were expanding outpatient services (56%), developing or joining a shared risk, shared savings effort (49%), and executing a campaign to extend an existing market (46%).

Survey data based on industry setting indicates that a greater share of hospitals (77%) and health systems (70%) than physician organizations (40%) cite expanding outpatient services to fuel financial growth over the next five years, and a greater share of health systems (53%) and hospitals (51%) than physician organizations (44%) mention developing or joining a shared risk, shared savings effort to do the same.

Further, a greater share of hospitals (47%) and health systems (41%) than physician organizations (25%) cite executing a campaign to extend an existing market to fuel their financial growth.

The results also reveal that, based on total net patient revenue, organizational size is correlated with the degree to which respondents say their organizations will fuel financial growth through expanding outpatient services. For example, based on net patient revenue, a greater share of large (71%) organizations than small (58%) and medium (49%) organizations say they expect to grow this way.

Jonathan Bees

Jonathan Bees is the senior research analyst at HealthLeaders Media.

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