Healthcare finance executives are increasingly focused on external challenges, with a majority citing concerns such as federal regulatory changes, trade policies, and economic instability. A recent Deloitte survey of 64 financial leaders across hospitals, health systems, and insurance plans found that 84% view external factors as the most pressing issues impacting their organizations today. This marks a significant shift from earlier concerns centered on internal operations like cost management and staffing.
The survey reveals that while cybersecurity and workforce issues remain relevant, they have taken a back seat to broader macroeconomic forces. Tariffs on imported medical supplies, for example, could push hospital expenses up by over 15%, adding pressure to already strained budgets. Medicaid policy uncertainty also looms large, particularly for providers serving rural communities where patient reliance on public insurance is high. These developments suggest a growing need for strategic planning and adaptability in navigating unpredictable policy landscapes.
Amid these pressures, healthcare organizations are exploring new paths forward. While mergers have historically been a growth strategy, many leaders report limited success from such efforts. Instead, there’s a growing interest in forming partnerships and alliances—especially with tech firms and other industry players—to manage costs and improve outcomes. Additionally, generative AI and cloud technologies are showing promise, particularly among hospital systems that see strong potential in digital transformation.
In an era defined by uncertainty, collaboration may prove to be a key asset. By aligning with insurers, technology companies, and pharmaceutical firms, healthcare institutions can better withstand economic volatility and regulatory shifts. The path ahead demands agility, data-driven decision-making, and a willingness to innovate—not just to survive, but to strengthen the foundation of care delivery for future generations.