08.31.20

Hospitals Could Be Facing Lower Patient Volumes For a While due to COVID-19. How Are They Responding?

Source: FierceHealthcare

Patient volumes at hospitals have rebounded after major dips in March and April due to the COVID-19 pandemic. But new data show they are still below pre-pandemic levels and could stay there for a while, according to a FierceHealthcare report.

The stagnant volumes and the persistent spread of the virus have forced some hospitals to plan more conservatively in their budgets for the next year and embrace new ways to generate revenue, experts say.

“What we’ve seen since April is a slow recovery over time in particular with volumes and revenues,” Eric Swanson, vice president at consulting firm Kaufman Hall, told Fierce Healthcare. “However, it continues to be slow and it hasn’t been enough to make up for the impacts that were received in March and April.”

Read the full article.

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