This report from Protiviti provides an in-depth analysis of the primary concerns facing the healthcare industry, based on a survey of 1,215 board members and executives across various sectors. Key risks identified span macroeconomic, strategic and operational dimensions. In the near term, cyber threats, third-party risks and workforce challenges such as talent availability and labor costs are predominant. The report emphasizes the increasing complexity and sophistication of cyber threats, including ransomware and phishing, exacerbated by advancements in artificial intelligence (AI). Strategic risks include heightened regulatory changes and the rapid adoption of emerging technologies, which necessitate new skills that are currently in short supply.  

Long-term concerns focus more on macroeconomic factors like economic conditions and labor costs, alongside ongoing strategic challenges such as regulatory scrutiny and technological innovation. Healthcare leaders are advised to adopt robust risk management frameworks, invest in technology, and foster strong regulatory relationships to mitigate these risks. Additionally, the report highlights the importance of scenario planning and strategic partnerships to navigate uncertainties in market conditions and regulatory environments effectively. Overall, the report underscores the need for healthcare organizations to remain agile and proactive in their approach to risk management to safeguard their growth and operational integrity in a rapidly evolving industry landscape.