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McKinsey: Healthcare Profit Pools to Reach $819B by 2027

HIT Consultant

What You Should Know: – The US healthcare industry, after weathering a storm of inflation, labor shortages, and lingering COVID-19 impacts in 2023, is now showing signs of a promising rebound, according to a new repor t by McKinsey & Company. This shift fuels a 5% CAGR for payer profit pools, reaching $78 billion by 2027.

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If 20% of RNs quit by 2027, could virtual nursing be enough to fill the gap?

Healthcare IT News - Telehealth

Virtual nursing has been getting an increasing amount of attention in healthcare, especially with telemedicine entering the mainstream during and following the COVID-19 pandemic. Baptist Health has a successful virtual nursing program up and running, as does Providence. For more on virtual nursing, click here and here and here.)

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Telehealth revenue could hit $20B in five years, say analysts

Healthcare It News

revenue by 2027. "The COVID-19 pandemic has accelerated the adoption of telehealth by years, providing safe and convenient access to telehealth services," said Duane Wright, senior research analyst at Bloomberg Intelligence.

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Inflation Could Result in Additional $370B in Healthcare Costs by 2027

HIT Consultant

What You Should Know: – McKinsey & Company’s latest report reveals inflation could result in $370 billion in an additional increase above the baseline in healthcare costs by 2027, causing the government, employers and consumers to burden the cost. trillion through 2027, according to McKinsey analysis.

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New efforts try to balance nurse staffing ratios with access to care

Healthcare IT News - Telehealth

And even if the COVID-19 crisis has eased, the after-effects remain – straining the workforce. Feds, states take up nurse staffing The past four years have been especially tough on nurses, of course. In 2022, one report found a staggering 90% of nurses thinking about leaving the profession.

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Senate Committee’s PREVENT Pandemics Act Draft Released: What to Know

Healthcare Law Today

Establishes a COVID-19 Task Force to examine the origins of COVID-19 and to examine the country’s response at the Federal, state and local levels. The pilot program, which will wind down at the end of 2027, first requires the FDA to issue guidance on implementation and to provide regular reporting on projects.

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4 Hurdles On The Road to Hybrid Healthcare – Digital Transformation

HIT Consultant

COVID-19 forced healthcare organizations to make a huge leap forward in their digital transformation roadmaps. Virtual care providers must figure out how to integrate with testing organizations to make the experience easier, similar to the big push to make at-home Covid screening possible. – Finally, estimates say U.S.

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