2023 Healthcare Trends and Our Outlook for 2024

The healthcare industry saw significant change in 2023. Emerging from the shadow of the COVID-19 pandemic, the sector experienced three defining trends that we believe are reshaping the landscape for 2024 and beyond.

First, operational challenges continue to exacerbate provider burnout. Second, looming patent cliffs and a biotech funding slowdown impact the drug development pipeline. And third, the industry is grappling with the transformative potential of generative AI on everything from administrative workflows, to clinical care, to pharmaceutical discovery.