Five key drivers all health system leaders should prioritize

Health systems across the country are being challenged financially now more than ever. Labor shortages continue, nontraditional entrants are taking market share, inflation has driven up costs for pharmaceutical and medical supplies and inpatient volume is projected to increase just 2% nationally in the next 10 years. Margins are down by a median of 5 percentage points from 2021, and as of October 2022, they remain negative. Responding to these challenges and keeping a growth mindset is critical to achieving future strategic growth in 2023.