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Healthcare Insights Newsletter | Fall 2024


Healthcare Practice Insights Newsletter

The Healthcare Insights Newsletter aims to keep you informed about critical developments in the healthcare sector. In our first edition, we address key challenges such as the state of the insurance market with the release of our State of the Insurance Market Report 2025 Healthcare Initial Outlook and 2024 Wrap-Up, the nursing shortage influenced by visa policy changes, and upcoming trends in workers’ compensation costs. We’re excited to provide you with insights that will help you navigate the evolving landscape of healthcare risk management.


 

State of the Insurance Market Report 2025 Healthcare Initial Outlook and 2024 Wrap-Up

State of the Market Report 2025

The healthcare industry is facing various challenges due to changes in healthcare delivery, tort law, litigation environment, nuclear verdicts, social and economic inflation, and reimbursement shifts from fee-for-service to value-based care. Patient volumes are slightly down, but operating margins are improving. Larger systems are generally better, while smaller, community-based hospitals face challenges.


We’ve identified several key factors that impacted market conditions for the healthcare industry in the first half of 2024.


 

Nursing Shortage 2024: Impact of State Department's Visa Freeze on Foreign Nurses

Nursing Shortage and Visa Freeze

The U.S. healthcare system is facing a significant nursing shortage in 2024, worsened by the freeze of new visas for international nurses. This policy impacts nurse availability, patient care quality, and risk management strategies. The strain on the system could affect patient outcomes and, the financial stability of healthcare providers, risk managers, and insurance providers.


 

Workers' Comp Insurance Cost: Planning for 2025

Workers' Comp

Unless you’re in a high-risk industry, your workers’ compensation costs may feel more manageable in 2024. The relatively “soft” workers’ compensation insurance market has been a welcome break for many employers. Looking ahead to 2025, there are workers’ comp issues such as controlling medical treatment, returning to work, and establishing nurse triage programs you need to plan for.


 

Contact Us


We love your feedback! If you have any questions or would like to connect, please reach out to your Risk Strategies Physicians Medical Malpractice advisor directly or reach out to a managing director below.

Steve Fargis, Managing Director

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