Reports and Studies
2022 Trends Shaping the Health Economy
Data Story Highlights
- The share of commercially insured Americans, the lifeblood of the U.S. healthcare system, dropped 0.6 percentage points from 2020 to 2021.
- While there is geographic variation by CBSA, overall projected growth in demand is below industry expectations (2% compound annual growth rate) for all service lines between 2022 and 2026.
- Between 2019 and 2022, 9.8% of physicians (M.D. or D.O.) stopped practicing. When accounting for the number of new physicians entering the workforce during the same period, the report finds that the U.S. saw a net -2% reduction in the physician workforce.
- In 2021, antidepressant and antianxiety prescribing represented approximately 19% of seven selected drug classes analyzed, surpassing opioids (15.4%) in rank, which previously were prescribed at a higher rate.
- Among the largest health systems by volume, Cleveland Clinic has the highest patient loyalty (79.4%), closely followed by Sentara (74.8%) and NorthShore (73%).
A Note from our Chief Research Officer, Sanjula Jain, Ph.D.
As a health economist, I’ve been primed to study healthcare through the lens of demand, supply, and yield. Even though healthcare services deviate from what we economists call the ideal market, the core principles still offer a valuable framework for decision making.
In the second installment of our Trends Shaping the Health Economy series, we examine how the intersection of demand and supply informs the expected yield in terms of patients and, therefore, revenue. The cumulative impact of the 13 secular trends: every stakeholder from health systems to medical device companies will be impacted by reduced yield.
Armed with this report, I encourage you to think critically about what each trend means for your organization’s future, and ask yourself: How can you compete in an era of declining yield?
Dive Deeper Into the Findings & Their Implications for Each Industry Stakeholder With Health Economy Trends+
Health Economy Trends+ is a premium subscription that analyzes market-specific changes in demand and supply, highlighting key clinical areas and regions with the highest and lowest growth trajectories.
The expanded report is released semi-annually.
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Stay up to date on
Trends Shaping the Health Economy
Characterizing the Patient Populations of New Entrants | Part 1: CVS
October 2nd, 2022
The Secular Decline in Average Age of Surgical Patients Aligns with Recent Trends in Life Expectancy and Excess Mortality
September 18th, 2022
Mismatch Between the Supply of Virtually Enabled Providers Serving the Employer Market and Employee Demand
August 28th, 2022
Sharp Uptick in Adderall Prescribing for Adults Ages 22-44 Amid COVID-19 Pandemic
June 19th, 2022