Trilliant Health

Public Research

Understand the
health economy.

Independent research, data analysis and strategic commentary on the trends shaping the $5.3T U.S. health economy, published weekly by our research team.
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Trends Report • 2025

Trends Shaping the Health Economy

Our flagship report examines the macro forces shaping demand, supply and yield across the health economy.

Read the Full Report

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Our research

Read data-driven research from our healthcare experts.

Reports

In-depth reports that explain changes in the health economy.

Trends-based analyses of the forces reshaping the health economy, anchored by the flagship annual report.
Explore Reports

Studies

Original research on healthcare trends, delivered weekly.

Rigorous analyses on a single question in the health economy, released weekly on Thursday.
Browse Studies

Counterpoint

Strategic guidance and commentary from our CEO.

Each edition challenges readers to examine long-held assumptions about the U.S. health economy.
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Featured Research

What the data reveals...

KEY FINDING

There is no observed correlation between price and quality in healthcare services at the national level

STUDY

Jun 4, 2026

Episode Cost and Quality Are Not Correlated Across Hospitals Subject to Mandatory LEJR Bundled Payment Under TEAM and Proposed CJR-X

At the episode level, Medicare 90-day LEJR episode costs varied widely with an average cost of $19,179.

STUDY

Aug 13, 2026

Biopharmaceutical Research and Development Is Increasingly Focused on Complex, High-Cost Oncology Treatments

While the high cost of these modalities is logical, it also reflects a broader oncology pricing pattern in which one analysis found no statistically significant relationship between price and clinical benefit.

COUNTERPOINT

Apr 1, 2026

Reflections on Federally Mandated Healthcare Price Transparency Seven Years Later

There is no way to calculate value for money in healthcare without transparency about cost and quality.

KEY FINDING

Healthcare is a negative-sum game

The rules of negative-sum games are immutable, which means that the status quo is unsustainable and, therefore, a losing strategy.
STUDY

Aug 27, 2026

The Majority of U.S. Physicians Are Employed by Hospitals

In the U.S., 59.4% of physicians are hospital-employed, varying widely by state and specialty. Employed physicians’ Chicago commercial E/M rates average $92 more than independent peers.

STUDY

Jun 2, 2026

High Medicare Dependence and Low Overall Margins Leave Rural Hospitals Most Vulnerable to Pending Program Expiration

Medicare-Dependent Hospitals (MDH) hospitals have the lowest median operating margin of -0.3%, followed by rural hospitals at 0.0% and urban hospitals at 3.9%.

COUNTERPOINT

Jul 2026

The Return of the Death Spiral

Today, the ACA enables almost 20M Americans to access healthcare coverage for 40% less than an Amazon Prime subscription, but there is no penalty for failing to purchase health insurance.

On the Research

"Trilliant Health's research and reports on real-time trends have become a valuable resource as we develop and execute strategies to deliver whole person care to more patients and communities."

David Banks · Chief Executive Officer, AdventHealth

Who We Are

The team behind our research

  • Allison Oakes, Ph.D.
    Allison Oakes, Ph.D.

    VP, Chief Research Officer

    Brings a comprehensive perspective to the complexities of the U.S. healthcare system. Published in leading medical journals.

  • Katie Patton
    Katie Patton

    Director, Research

    Leads research agenda and publication strategy. Connects data findings to the questions healthcare leaders are actually asking.

  • Hal Andrews
    Hal Andrews

    President and Chief Executive Officer

    President and CEO since Trilliant Health's founding in June 2017, with more than 25 years' experience as an entrepreneur, investor and healthcare business leader.

  • Austin Miller
    Austin Miller

    Data Analyst III

    Has powered Trilliant Health's research and thought leadership output for four years.

  • Clara Petrucelli
    Clara Petrucelli

    Research Analyst I

    Translates complex healthcare data into clear, actionable insights for executive audiences.

  • Jessica Brantez
    Jessica Brantez

    Research Associate

    Supports thought leadership through secondary research, claims-based analysis and data visualization.

  • Maggie Jackson
    Maggie Jackson

    Director of Data Visualization

    Leads the design and production of Trilliant Health's research from weekly studies to the flagship Trends Report.

The Fundamentals

How We Analyze Healthcare

For decades, the U.S. health economy has operated as if the fundamental rules of economics – demand, supply and yield – do not apply. This is not sustainable. Our research encourages readers to re-examine their longstanding assumptions about the U.S. healthcare system.

01

Demand

Demand refers to both the exogenous and endogenous factors that influence consumers preferences for, need for and utilization of healthcare services.

About Our Market Data
02

Supply

Supply refers to the various providers of healthcare services ranging from hospitals to physician practices to retail pharmacies, new entrants and virtual care platforms.

About Our Provider Data
03

Yield

Yield refers to the intersection of demand and yield (i.e., price) and is also influenced by market factors such as policy regulations and reimbursement incentives.

About Our Rates Data

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