![]() ![]() But for many medical practices, particularly primary care practices, the circumstances are dire, as the pandemic is now casting a long shadow over 2021. Because they have many days of cash on hand and access to capital, healthcare systems anchored by large hospitals should be able to weather the months of low revenue. Providers of all kinds - primary care physicians, specialists, dentists, clinics - have experienced sharp declines in patient volume. It’s not just hospitals that have been affected. ![]() The decrease in patient volume “that drove revenue losses in a lot of cases is still present,” Wesolowski says. At the start of 2021, the number of people going to the hospital remained low, leading to reduced hospital revenue. ![]() As a result, hospitals and healthcare systems lost at least $323 billion in 2020, according to a recent AHA report. Utilization of in-patient and out-patient care also decreased. “Folks actively avoided going to the emergency department,” says Aaron Wesolowski, vice president of policy research, analytics and strategy for the American Hospital Association (AHA). In fact, they are running dry because millions of Americans didn’t get medical care last year and are continuing to put it off this year. last March, the coffers of many hospitals and other healthcare providers are far from overflowing. Although TV footage has shown hospitals overflowing with patients since the COVID-19 pandemic hit the U.S.
0 Comments
Leave a Reply. |