A Financial Update on the Health Care Industry

Meanwhile, hospitals are leaving Medicare Advantage networks due to lower payout rates, causing insurance companies to change coverage options. Humana, the second-largest Medicare Advantage insurer, is preparing to lose about 200,000 members as it plans to limit benefits and exit some markets in 2025.
The Biden administration proposed changes to Medicare Advantage plans to help seniors find plans that will better suit their needs, promote access to behavioral health care, and increase the use of other benefits such as fitness and dental plans.
The outpatient clinics market will grow significantly, with projections indicating it could reach $61 billion by 2033. This growth is driven by increasing demand for both convenient and accessible health care.
There’s growing emphasis on voluntary outpatient care as an integral part of mental health treatment. This approach aims to provide both freedom and flexibility for patients, as compared to traditional inpatient care. There’s a significant move away from inpatient toward outpatient settings. Advances in medical technology and minimally invasive procedures has allowed for more treatments to be done on an outpatient basis.
COVID-19 accelerated the adoption of telemedicine. Many patients and providers now embrace virtual visits, offering convenience and reducing the need for in-person appointments.