McKinsey: Health Care Companies Must Transform To Avert Cost ‘Storm’

The combined impact of inflation, staff shortages and COVID-19 could increase national health care expenditures by approximately $600 billion through 2027, research firm McKinsey & Company says in a new analysis that calls for a transformation in health care to get expenditures in check. The report recommends providers shift to value-based, in-home and ambulatory care, simplify operations to combat staff shortages, increase reliance on technology, and focus on preventive services and chronic care management: Health care leaders who want to...