Healthcare Investment Diagnostic
The year 2024 left its mark as a year of impact – a year of global elections and the market’s acceptance of a higher interest rate regime. Amid an improving macro backdrop, risk assets performed well, and US equity markets set new all-time highs.
For not-for-profit healthcare systems and hospitals, these factors helped bolster continued recovery, with some organizations now potentially well-positioned to grow and expand.
Hence, with this year’s theme of Positive Prognosis, we explore how leading healthcare systems plan for the new year and beyond in our annual Healthcare Investment Diagnostic.
Three key themes we highlight in this report include:
- Growing Optimism: Respondents indicated a heightened level of optimism and confidence toward the macro, market, and operating environment; the growing optimistic view going forward represents a sharp distinction from respondent views expressed a year ago.
- Risk is Back in Favor: Given the economic enthusiasm for the year ahead, our respondents expressed intention to increase allocations to risk assets (especially in alternative asset classes) at the expense of traditional diversifiers like fixed income and hedge funds.
- Dispersion Dynamics: We continue to observe a wide range of actions and views from our respondents, stemming from different organizational considerations and outlooks. Regardless, respondents indicate that 2025 may be a year of actions to bolster positions of strength.
Views expressed discussed are those of survey respondents, compiled by Goldman Sachs Asset Management as of January 31, 2025. Responses were collected from September 2024 to January 2025.
Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.
Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Goldman Sachs Asset Management to buy, sell, or hold any security. Views and opinions are current as of the date of this publication and may be subject to change, they should not be construed as investment advice.
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