Top Five Trends Impacting Medical Groups and Health Systems in 2024

Author: Fred Horton, MHA, Mike Coppola, MBA
Published In Healthcare Innovation: January 2024

This blog explores five key trends poised to shape medical groups and health systems in 2024.

1. Unionization Gains Momentum: Health systems will need to optimize how they manage physician enterprises, with many exploring alternative employment structures to navigate this shift effectively.

2. Challenges for Healthcare Disruptors: Rising capital costs and struggles to maintain market share are expected to create significant headwinds for disruptors and niche players in the healthcare space.

3. Medicare Program Adjustments: Potential changes to Medicare and Medicare Advantage programs are on the horizon, with a sharper focus on addressing existing gaps and inefficiencies in these systems.

4. Growth of Concierge Medicine: Driven by consumer demand for greater access and higher-quality service, concierge medicine models are projected to expand significantly in the coming year.

5. Rise of "Chronicists": A new breed of specialists, dubbed "chronicists," is emerging to focus exclusively on managing chronic conditions, signaling a shift in care delivery priorities.

While the future remains uncertain, the we stress that medical group leaders should consider these trends when crafting forward-looking strategies for 2024 and beyond.