BHM Annual Report

The State of
Bone Health

Annual Report

2026 Edition — Coming This Fall

The definitive annual benchmark on clinical practice, market dynamics, treatment gaps, infrastructure investment, and economic burden across the bone health field. Built for clinicians, payers, industry, and investors.

54M
Americans affected by
osteoporosis or low bone density
$57B
Annual U.S. fracture
cost burden
80%
Post-fracture patients
never subsequently treated
40–60%
Secondary fracture reduction
in coordinated FLS care

About the Report

The field's most persistent problems are structural, not scientific.

The clinical science of bone health is mature. The tools to identify fracture risk exist. Effective treatments are approved and available. What is missing is the systematic infrastructure to deploy them — and the independent data to measure why.

The BHM Annual Report exists to fill that gap. Each edition benchmarks where the field stands, identifies what is working, and makes the economic and clinical case for change. It is the data layer that connects analysis to action.

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What the Report Covers

Clinical Practice Trends
Screening rates, treatment initiation, pharmacologic therapy utilization, and adherence benchmarks by specialty and setting.
Market & Payer Dynamics
PBM trends, prior authorization barriers, Medicare Advantage vs. fee-for-service treatment rate comparisons, and benefit design analysis.
Infrastructure Investment
FLS deployment rates, coordinator workforce capacity, technology adoption, and capital flow into bone health infrastructure.
Economic Burden Analysis
Direct and indirect fracture costs, hospitalization rates, long-term care transitions, and the actuarial case for preventive investment.

Report Structure

What's Inside the 2026 Report

01
Executive Summary

The State of the Field

A high-level synthesis of where bone health stands in 2026 — the treatment gap, the infrastructure deficit, the economic stakes, and the key inflection points shaping the year ahead.

02
Clinical Practice

Screening, Diagnosis & Treatment Rates

Who is being screened, who is being treated, and what the gaps reveal about the structural barriers between evidence-based guidelines and clinical reality.

03
Payer Landscape

The PBM–Risk Pool Disconnect

How pharmacy benefit management incentives diverge from risk pool economics — and why the calculus of fracture prevention rarely reaches the decision-makers who can change it.

04
Infrastructure

FLS Deployment & Coordinator Capacity

The state of fracture liaison services in the U.S. — where they exist, where they don't, what they cost to build, and what they save when they run well.

05
Economics

Fracture Cost & Prevention ROI

Hip fracture hospitalization costs. Vertebral fracture downstream utilization. Long-term care transition rates. The actuarial case for infrastructure investment over fracture cost avoidance.

06
Outlook

The Capital-Infrastructure Connection

Where investment is moving, what infrastructure gaps remain capital-ready, and the indicators that will define whether 2026 becomes an inflection point for the field.

From the 2026 Report

The Lifespan
Fracture Risk
Framework

Risk identification can begin at age 40. Intervention before first fracture is the highest-value point in the continuum. The infrastructure to do this exists in clinical science. What is missing is systematic deployment at scale.

The 2026 report provides the first comprehensive benchmarking of where this infrastructure exists, where it doesn't, and what the gap costs the healthcare system annually.

Access the Full Report
Clinical Phase Framework · Age 40 to End of Life
AgeStageInfrastructure Need
40–49Early bone lossBaseline DXA in high-risk subgroups; FRAX® baseline
50–59Perimenopause transitionSystematic DXA screening; secondary cause workup
60–69Osteopenia / osteoporosisTreatment initiation; coordinator-supported management
70–79Peak fracture risk decadeFall prevention integration; vertebral fracture assessment
80+End-of-life preventionFracture liaison services; post-fracture coordination

Related Research

BHM Working Paper Series

Paper 1

Unlocking Refrigerated Capital

A Structural Investment Reset for Bone Health

Where the capital is frozen, what is preventing it from flowing toward infrastructure, and how to unlock it. The economic architecture of the bone health investment problem — and the framework for solving it.

Read the Paper →
Paper 2

The Fracture-to-Death Continuum

A Lifespan Infrastructure Framework

What that capital should build — a systematic, lifespan-spanning infrastructure for identifying and reducing fracture risk from age 40 to end of life, with healthcare savings as the explicit measure of success.

Read the Paper →

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the 2026 Report.

The BHM Annual Report publishes in Fall 2026. Register below to be notified on release day.

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