Four things to know from the survey:
1. Declining profitability and margins were a top concern for 42 percent of respondents.
2. Thirty-six percent said they were worried about bankruptcy.
3. Rather than laying off employees, many respondents said they would prioritize alternate cost-cutting strategies, including 38 percent who said they would prefer to raise their prices.
4. Thirty-three percent said they would prioritize enforcing stricter spending rules over laying off workers, and 32 percent said they would first try to renegotiate supplier contracts.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.