• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Hospital Leaders Grapple with Workforce Shortages, Tech Risks, and Financial Pressures: FTI Consulting Survey

by Fred Pennic 06/19/2024 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

What You Should Know: 

– FTI Consulting’s inaugural Hospital Operations Outlook Survey paints a picture of a healthcare industry navigating a complex post-pandemic environment. While hospitals strive to meet the evolving needs of patients and communities, they grapple with significant challenges, including workforce shortages, financial pressures, and the ever-present threat of cyberattacks.

– The FTI Consulting survey unveils the multifaceted challenges and opportunities facing hospitals today. By acknowledging these challenges, embracing innovative solutions, and prioritizing effective communication with stakeholders, hospitals can navigate this complex environment and continue to deliver high-quality care to their communities.

Key Concerns for Hospital Executives:

  • Workforce Shortages: Nearly half (49%) of hospital leaders surveyed acknowledge their institutions are understaffed to handle current patient volumes. This highlights a critical need for innovative solutions to address the growing healthcare workforce shortage.
  • Financial Performance: Financial considerations remain a top priority for hospital executives, with heightened scrutiny on costs and value-based care models.
  • Cybersecurity Threats: Despite recognizing the potential consequences, over half (55%) of respondents admit their hospitals are not fully prepared for a cyberattack. This underscores the urgent need for robust cybersecurity measures to protect sensitive patient data.

Adapting to a Changing Landscape:

The survey also reveals how hospitals are adapting to the evolving healthcare landscape:

  • Value-Based Care: Nearly all hospitals surveyed (99%) have adopted value-based care models, emphasizing patient-centered care (44%) and quality improvement initiatives (40%). This shift signifies a growing focus on delivering effective and cost-conscious care.

The Importance of Strategic Communication:

FTI Consulting emphasizes the importance of effective communication for hospitals navigating this complex landscape. With reputations hinging on how they address challenges and implement new technologies, hospitals need to:

  • Engage with Regulators: Open communication with regulators is crucial to ensuring compliance and navigating potential policy changes.
  • Inform Elected Officials: Advocacy and communication with elected officials can help secure necessary resources and support legislative initiatives that strengthen the healthcare system.
  • Build Trust with Communities: Hospitals must foster trust with the communities they serve by transparently addressing concerns and keeping them informed.
  • Prioritize Patient Communication: Effective communication with patients is essential for ensuring informed decision-making and building strong patient relationships.

“A multitude of factors are impacting hospitals’ ability to recruit and retain talent, but the good news is, hospital leaders can influence effective change if they have targeted insights from their people,” said Alexandra Priola, a Managing Director in the People and Transformation offering within the Strategic Communications segment at FTI Consulting. “Long gone are the days of taking broad approaches to nuanced challenges. The winners will be the ones that prioritize customization — in messaging, programming and experiences — that speaks to the specific needs of their audiences, and in the process, channels resources into areas that enable engagement, growth and commitment.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

 Selecting the Right EMR: A Practical Guide to Streamlining Your Practice and Enhancing Patient Care

Selecting the Right EMR: A Practical Guide to Streamlining Your Practice and Enhancing Patient Care

Featured Interview

Virta Health CEO: GLP-1s Didn’t Kill Weight Watchers, Its Broken Model Did

Most-Read

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Health IT Sector Navigates Policy Turbulence with Resilient M&A

Health IT’s New Chapter: IPOs Return, Resilient M&A, Valuations Rise in 1H 2025

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

CMS Finalizes New Interoperability and Prior Authorization Rule

CMS Proposes 2026 Physician Fee Schedule Rule: Boosting Primary Care, Cutting Waste, and Modernizing Payments

Beyond SaaS: How Agent as a Service is Transforming Healthcare Automation

Beyond SaaS: How Agent as a Service is Transforming Healthcare Automation

New Strategies Needed: No Surprises Act and the Challenges for Payors with Provider Data Inaccuracies

Samsung Acquires Xealth to Accelerate Connected Care Vision

Samsung Acquires Xealth to Accelerate Connected Care Vision

AI Dominates Digital Health Investment in First Half of 2025

Rock Health Report: AI Dominates Digital Health Investment in First Half of 2025

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |