Monitoring Industry Activity from Quarter 2 of 2023
Earnings calls in the second quarter of 2023 focused on emerging utilization trends impacting providers and payors. The higher utilization experienced in the first quarter continued in the second quarter of 2023 and was discussed in detail on many of the earnings calls. This contributed to stronger volumes, particularly on the outpatient side, as well as higher medical loss ratios for the payors. Based on commentary from the companies, these trends are expected to continue over the next several quarters. In addition to utilization trends, investors and operators remain focused on staffing pressures, which continued to show signs of improvement but remain challenging. This article also discusses recent trends in ambulatory surgery centers and outpatient imaging centers. For an in depth discussion on recent trends in behavioral health, please see our recent article Behavioral Healthcare: Public Company Commentary, Outlook and Trends – Summer 2023.
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