West Monroe’s 3 Healthcare Outlooks for 2024: AI, Cost Pressures, Dealmaking

The healthcare industry is facing challenges and opportunities, including the rise of artificial intelligence, increasing cost pressures, and M&A activity. West Monroe identified three trends to watch for in the industry: data strategy, advanced analytics, and AI. AI has the potential to improve workflows and simplify administrative tasks in healthcare. However, foundational investments in data infrastructure are essential for effective AI deployment. The industry is also battling cost pressures and facing a changing dealmaking landscape, with private equity and strategic buyers shaping M&A activity. Leveraging technology and AI is seen as a way to ease cost pressures.

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