The cost of medical care globally reached a historic high in 2023, with the medical trend rate climbing into the double digits for the first time. However, the WTW 2024 Global Medical Trends Survey reveals a near-term improvement in trend — while longer-term...
According to a new report from Valuates Reports, the medical equipment maintenance market will grow from $34.79 billion in 2020 to $60.16 billion by 2026, with a compound annual growth rate of 9.56% during the forecast period. The report indicates that major factors...
Hospitals across Europe are struggling with rising costs due to ongoing inflation, a report from Healthcare Business International shows.Many institutions face the challenge of controlling their spending, but often do not have the necessary benchmarks to know where to...
By Atul Grover, MD, PhD, Executive Director, AAMC Research and Action Institute; Kendal Orgera, MPH, MPP, Lead Research Analyst, AAMC Research and Action Institute; and Laura Pincus, MHA, Manager, Strategy and Planning, AAMC Research and Action Institute Aug. 17, 2022...
When we talk to hospitals, we often come across the assumption that existing service contracts are already optimal. “That has already been checked” and “We have already saved where possible” are common answers. These reactions suggest that the issue of cost savings is...
An urgent need for action! Inflation is leaving its mark on the budgets of European hospitals. A recent report by Healthcare Business International shows that the costs of external services are increasing significantly. But what can we do about it? At Contract Cost...
We are thrilled to welcome Stefan Hein as our new Chief Financial Officer, who will be based out of our Mauritius Hub and overseeing our Global Finances and Operations. I am beyond confident Stefan will be a major asset to our business as we continue on this steep...
The size of the global medical-equipment maintenance market reached $46 billion in 2021, which was owed to an increase in healthcare expenses and advances in medical equipment. The increase in patient population, the rising number of diagnostic centers, the presence...
This article presents key statistics on expenditure and financing aspects of healthcare in the European Union (EU). Healthcare systems are organised and financed in different ways across the EU Member States, but universal access to quality healthcare, at an...
WASHINGTON (May 2, 2024) — The American Hospital Association (AHA) today released a new report showing that hospitals and health systems continue to experience significant financial pressures that challenge their ability to provide 24/7 care for the patients and...