Volatile markets, data and tech integration, workforce shortages, profitability and other issues continue to challenge the healthcare industry. Industry leaders are developing strategies to address these challenges while improving patient outcomes in an evolving landscape.
Here are four key trends shaping the future of healthcare in the U.S.:
1. Profitability with value-based care remains a challenge, but solutions exist
The transition from traditional fee-for-service models to value-based care (VBC), presents significant difficulties for healthcare organizations. Few firms in the VBC space have achieved positive margins, and managing patients with multiple chronic conditions adds another layer of complexity.
At the 2025 J.P. Morgan Nashville Healthcare Leadership Summit, healthcare executives and providers of coordinated value-based care discussed several approaches to overcome these roadblocks:
- Diversification: Building scalable models and intentionally diversifying across specialties, revenue streams and payment models
- Collaboration: Creating unified, team-based efforts between specialists and primary care providers to advance VBC and improve patient outcomes
- Artificial intelligence: Leveraging AI to provide enhanced clinician support—potentially the transformative application VBC has been anticipating
2. Data interoperability and AI are critical components to transforming healthcare
Despite significant progress since the introduction of electronic medical records, healthcare providers continue to face challenges with data interoperability. While the industry generates vast amounts of data, making this information easily consumable remains a challenge.
Interoperability allows healthcare providers to access necessary patient information in their preferred format—a capability essential for efficient care delivery.
“When we think about data interoperability from a provider’s perspective, it’s like pixels they are trying to put together to see a picture of the patient,” said Andrew Fehlman, CEO of Solarity, at the Nashville summit. “The goal is to help the provider view that patient [data] quickly and in a manner they can understand.”
AI technologies, particularly generative AI, might help address this problem by enhancing data consumption and reducing administrative burdens. “Tech by itself is not your savior, as multidimensional change is required to make healthcare genuinely better,” said Todd Park, Executive Chairman of Devoted Health, at the summit. “However, Gen AI is the most profound technological shift we have seen in our lifetimes.”
Generative AI offers tremendous cost-cutting capabilities by helping providers with documentation and analysis and synthetization of large amounts of data, creating more efficient and beneficial care delivery for patients.
3. Robust capital structures are one solution for navigating market volatility
The healthcare industry continues to face significant financial volatility, creating an urgent need for organizations to establish robust capital structures that can withstand market fluctuations while supporting long-term growth.
“In the current market and policy environment, you need to adopt a long-term perspective for value-based care. Having the right capital structure is crucial for building a sustainable business and withstanding volatility.”
—Clay Richards, Partner, Clayton, Dubilier & Rice at the J.P. Morgan 2025 Nashville Healthcare Leadership Summit
Industry leaders are responding by developing strategic investment plans and creating financial models to ensure sustainability. Despite IPO delays caused by the macroeconomic environment, there’s significant activity in convertible and secondary financing. Well-capitalized businesses have numerous investment opportunities, such as increased secondary offerings.
4. Leaders are addressing Medicaid’s complexities through collaboration and flexible, hyperlocal care models
Medicaid presents unique challenges and opportunities for healthcare organizations serving those who receive these services. Industry experts are focused on social determinants of health—particularly housing and food insecurity—which represent some of the biggest barriers to improving health outcomes for Medicaid beneficiaries.
Successful approaches emphasize embedding care within local communities and creating other opportunities for collaboration among providers, community organizations and government agencies. Healthcare leaders recognize that flexibility in care models is crucial, and hyperlocal and collaborative approaches to care delivery are essential.
“In healthcare, there are many inefficiencies generated by siloed functions and interactions that are duplicative,” said David Thorpe, CEO of Upperline Health, at the Nashville summit. “Having more meaningful conversations in a visit can help in the overall mission of providing consultative care.”
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JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.
