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Pandemic Recovery Timing and Health Care Projections for the Next Decade
August 2021
During the 2020 global pandemic, hospitals experienced a sharp decline in inpatient volumes and site-of-care shifts. While these trends are not new, these declines were accelerated during the pandemic.
Projections for recovery and growth over the next few years are critical as leaders rework their strategies.
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The COVID-19 pandemic is the known cause of the shortage of personal protective equipment (PPE) like N95 respirators. Lesser known or discussed are the underlying dynamics that prevented the healthcare supply chain from quickly recovering from a generational spike in demand.
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Over the last several years, hospitals have experienced the continued shifting of procedures from the inpatient setting to lower cost, and lower margin, ambulatory sites.
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Service line procedure shift
Financial impact of procedure shift
Strategic considerations for the right ambulatory model
As artificial intelligence (AI) evolves into a must-have technology in almost every industry, health care organizations continue to develop—and even accelerate—their AI strategies in 2020. In the 3rd Annual Optum Survey on AI in Health Care, 98% of executives across care provider, health plan, life sciences, and employer organizations indicated they currently have an AI strategy in place or are planning on creating one. Even during a trying time period, this optimism appears to be fueled by executives seeing more and more useful applications for AI for improving both health care outcomes and business performance.
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