Gartner predicts that by 2025, organizations that adopt a platform-based approach to digital transformation will experience a 30% increase in operational efficiency and a 20% reduction in IT costs. As economic pressures grow, patient financing will become a cornerstone of financial engagement strategies, helping providers balance financial sustainability with improved patient experiences.
2. The evolution of healthtech: From vendor to partner Do more with fewer vendors. Health systems are no longer satisfied with single-function solution vendors. Why? Because the cost to oversee each vendor is rising, and if the oversight includes “business associate” risk management, it is a material cost. What if a health system could eliminate several hundred or more vendors, and gain the financial and operational benefits, plus avoiding risk, and gaining support of new “partners?” In 2025, the most successful health technology companies will be those that transition from being mere vendors to trusted partners that provide multiple solutions and innovate aggressively. This shift reflects the growing need for integrated, comprehensive platforms that address multiple pain points across financial, operational, and clinical workflows.
Today's healthcare providers demand more than basic tools. To improve bad medical debt and optimize revenue cycle management, health systems will seek financing platforms that integrate patient financing with insurance discovery, charity resources, patient eligibility for government funding and public programs, and engagement tools to create a seamless experience. These solutions simplify administrative tasks and enhance care delivery and patient outcomes.
This evolution mirrors trends in other industries, where interconnected systems have replaced siloed services. Health systems that embrace this model in 2025 will be better equipped to address complex challenges while promoting patient trust and loyalty.
3. Rising interest rates tighten funding for startups and healthcare fintechs The economy is changing, and healthcare startups are feeling the squeeze. CB Insights reported a 15% decline in HealthTech startup funding in 2024, with a continued downturn anticipated in 2025. Rising interest rates, projected to continue climbing in 2025, make it difficult for startups and smaller financing companies to secure capital. Private equity firms have already begun scaling back investments, and this trend is expected to intensify as borrowing costs rise. This creates challenges and opportunities for health systems.
