Healthcare Services Industry Report Q1 2022

Posted April 29, 2022

Industry Outlook: Medical Group Practice Management

Continued Growth: Over the coming years, healthcare reform, aging demographics and medical personnel shortages will likely continue to shape the Medical Group Practice Management industry.
Emerging Trends: Structural changes borne from the COVID-19 (coronavirus) pandemic, such as telehealth consultation, are expected to continue driving innovation in terms of patient-doctor interaction.

Industry Outlook: Home Health & Hospice

Continued Growth: Strong and steady revenue growth is expected for the Home Care Providers industry from 2022 to 2027 as the COVID-19 (coronavirus) pandemic subsides and an aging population feels more comfortable utilizing industry services.
Emerging Trends: The industry is expected to benefit from increasing interest in home healthcare and expanded access to Medicare and Medicaid under the Patient Protection and Affordable Care Act (PPACA) under federal government. The aging population will likely continue to foster revenue growth because this demographic not only requires more healthcare services compared with other age groups, but it also increasingly prefers home care. Payers are expected to progressively shift to home care because it is more affordable than inpatient hospital and nursing home care.

Industry Outlook: Telehealth

Continued Growth: Over the five years to 2027, the Telehealth Services industry will likely continue to benefit from shifting demographics and structural factors affecting the healthcare system, including an aging population that is expected to increasingly demand medical care, a shortage of doctors and rapidly rising healthcare costs.
Emerging Trends: Various studies have supported the idea that the industry can provide quality care to a large number of patients with greater cost efficiency. In addition, the implementation of existing national legislation and increased federal and state support for telehealth services will likely benefit patients, healthcare providers and industry participants.