■ Business Forecast
■ Business Forecast
repetitive work , allowing engineers to focus on more thoughtful and complicated tasks . But we ’ ll need to proceed with caution ; AI can and does make questionable decisions .
FINANCIAL SERVICES
DAK Alan Scharfstein Chief Executive Officer
As we begin our 2024 forecast for middle market mergers and acquisitions , we anticipate a flat first half of the year followed by a strong second half . Middle-market M & A has historically proven more resilient than its bulge bracket counterparts , demonstrating its staying power . A stabilization of interest rates will provide a platform for M & A activities , attracting both Private Equity and Strategic buyers .
Strategic buyers continue to view acquisitions as the fuel for their growth and we see this continuing into 2024 . Private Equity will direct increasing portions of their investments into add-ons to existing platform companies . As we peer into the future , 2024 promises to be a year of formidable dealmaking and transformative transactions .
HEALTHCARE
AmeriHealth New Jersey Mike Munoz Market President
Value-based health care arrangements / relationships continue to be a pillar in the delivery of health care services and aim to provide evidence-based , patient-centered care that meets
clinical standards while managing costs . Advancing the next generation of value-based care will require connecting every aspect of the health care system , from the primary care physician to the hospital and other critical care settings , including telemed and home care . This accountability within the industry aims to improve patient outcomes and preventive care , to incorporate practices like population health management , and to enhance patient experiences and empower patients to be proactive in their care .
Atlantic Health System Brian Gragnolati , FACHE , President and CEO
While artificial intelligence will increasingly shape healthcare , caring for our communities will always begin and end with the caregivers who ensure every patient and family receives the right care , at the right time . Meaningful support for healthcare professionals must be laser focused on improving workplace flexibility , building resiliency and addressing burnout , and developing future leaders by investing in each team member ’ s potential while attracting new entrants to the field . The future of medicine depends on caring for our caregivers , and Atlantic Health is proud to advance of our mission of building healthier communities through our commitment to our talented team .
Bergen New Bridge Medical Center Deborah Visconi President and CEO
The biggest challenge facing healthcare organizations in 2024 is chronic health conditions . Heart disease , cancer , diabetes , stroke are the leading causes of death and disability . They are also the leading drivers of our country ’ s $ 4.1 trillion in annual healthcare costs .
At Bergen New Bridge , we are tackling these chronic health conditions head on . We provide access to education and testing as well as disease management focusing on traditionally underserved communities . Our Outreach Team has made heart health , cancer , and stroke risk a priority when educating those we serve and our Medical Center focuses on an integrative health , total person centered-care health delivery system .
Delta Dental of New Jersey Dennis G . Wilson President and CEO
Innovation and the ability to meet emerging market demands have always been critical to success in business , and that will continue to be true in 2024 . That means anticipating customer needs and introducing effective solutions . While Delta Dental has always led the market in innovative benefits programs , we are especially proud to be doing that again in 2024 by expanding dental care access to children and adults with qualifying special health care conditions . On January 1 , we are providing a unique benefit to group-covered members of any age who have a qualifying special health care need .
Gastroenterology Associates of NJ George Pavlou , MD Chief Executive Officer
Artificial intelligence continues to provide the greatest impact in gastroenterology , as well as in all of medicine . The initial advances were in enhancements related to endoscopic procedures . Now the advances are also evident in the areas of electronic medical records and data management . The proper use of AI will improve the efficiency of data entry and workflow of our
Continued
Robotic surgery and AI diagnostic tools are making great advancements in healthcare .
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