Financial Trends and Insights From the Top 25 Not-For-Profit U.S. Health Systems - Update: Q2 and Q3 2022
Read the latest report here >>
Alvarez & Marsal’s (A&M) Healthcare Industry Group helps health systems navigate local, state and federal market dynamics. The COVID-19 pandemic, and its accompanying economic and social disruptions, led A&M to investigate the impact of these forces on the healthcare economy. The latest report provides a detailed analysis of the financial and operating performance of the top 25 U.S. not-for-profit health systems, with publicly available datasets, for Q2 and Q3 2022.
A&M publishes this report quarterly to continue to monitor and track the trends driving the health system economy as well as recovery stemming from the unique market dynamics of the pandemic.
Past Barometer of the Post-COVID Healthcare Economy Quarterly Reports:
Why Private Equity Works in Value-Based Primary Care
February 2, 2026
Private equity’s influence in value‑based primary care is widely debated, but new evidence shows a different reality. This analysis gives healthcare leaders clarity on where disciplined capital strengthens care models, and where it doesn’t.
The State of Transformation for U.S. Healthcare Providers
January 26, 2026
Market dynamics for health systems are shifting. The most significant driver is the federal Medicaid mandate, which expired at the end of December 2025 and is now pending legislation. This uncertainty is prompting health system leaders to rethink strategy and operations. In this context, we’ll share how other health systems are responding and what these changes mean for organizations like yours.
Strategic Agility for Healthcare Leaders: Building Resilience Amid Disruption
January 12, 2026
The healthcare industry stands at a critical crossroads, grappling with an era of profound disruption and uncertainty. Over the past two decades, the pace of change has accelerated dramatically, reshaping the competitive landscape and challenging the ability of all stakeholders to adapt.
Provider-Sponsored Health Plans: Bridge or Anchor?
December 17, 2025
Provider-sponsored health plans are no longer neutral—they either create enterprise value or drain capital. This analysis gives CFOs and CEOs a clear framework to decide whether to scale, partner, restructure, or exit.
