The survey found 68 percent of investors and senior professionals in the healthcare services industry anticipate stronger business performance in the year ahead, and nearly all of the remainder (31 percent) expect to deliver similar financial performance in the next 12 months, with just one percent anticipating a weaker year ahead.
“Expectations are looking up as we close out the current year, and our survey revealed a shared sense of optimism by healthcare executives from all corners of the industry,” Darren Alcus, president of Capital One Healthcare, said in a statement. “We’re seeing more companies evaluate hiring and investment opportunities to further expand their businesses in the year ahead.”
The survey was conducted from Aug. 1, 2016 through Oct. 6, 2016 in advance of Capital One’s Healthcare Services Conference. The respondents were comprised of 150 attendees, including senior-level executives, private equity investors and other intermediaries.
Here are four other survey findings.
1. Fifty-three percent of survey respondents named home health and hospice as a market sector within healthcare services likely to see strong growth in the coming year.
2. Fifty-six percent of survey respondents either made new hires in 2016 or plan to before the year is up. Only 17 percent reported no plans to hire. Of those hiring, 60 percent plan to bring on managers, and 55 percent expect to make C-level executive hires.
3. Additionally, 67 percent of survey respondents plan to pursue an acquisition in the next 12 months, while 49 percent foresee a recapitalization and/or refinance in the next year.
4. Forty-one percent of survey respondents cited regulatory scrutiny as the most concerning aspect of the healthcare industry.
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