Executives in the healthcare field fueling development through the introduction of novel services and acquisitions.

In a recent survey conducted by a global AI-led professional services firm, it was revealed that most healthcare leaders are looking beyond their traditional boundaries to drive growth and adapt to industry challenges.

The survey, based on responses from 145 provider executives, mainly CFOs, found that 75% of respondents plan to create scale through mergers, acquisitions, or partnerships. This trend is not surprising, as many companies across industries have chosen to collaborate with external entities in strategic partnerships, joint ventures, and hybrid outsourcing to enable scaling and implement new services and business fields. This approach is particularly prevalent in sectors like automotive, IT, and startups, where partnerships help to complement competencies, share risk, access markets, and accelerate innovation and growth efficiently.

The report, which offers insights into how leading health systems are adapting their operating models to industry and regulatory headwinds, also revealed that 78% of respondents predict growth through new services and businesses. However, challenges remain, with 58% of respondents struggling with workforce development and retention, and 47% needing better technology and data to connect digital tools.

Michael Nugent, a partner at the professional services firm, stated that health system leaders are looking beyond their four walls to grow. He added that backed by proven success in modernizing and innovating healthcare services, finances, and operations, the firm delivers a comprehensive approach to solving interrelated industry challenges.

With an integrated business technology approach, the firm drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. The survey analysis, conducted by the same firm, also recommends steps for achieving operational stability in the healthcare industry.

The report further reveals that most leaders use a common set of metrics to run their businesses and measure performance. However, less than 1 in 5 respondents can seamlessly connect data sources or enable real-time visibility. This highlights the need for better technology and data management to drive informed decision-making and growth.

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In conclusion, the survey findings underscore the need for healthcare leaders to embrace partnerships, innovation, and technology to drive growth and overcome challenges in the rapidly evolving healthcare landscape.

Executives in the healthcare field fueling development through the introduction of novel services and acquisitions.