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Hospitals could be facing lower patient volumes for a while due to COVID-19. How are they responding?
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. 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.
A conversation with Artifact Health
I sat down with Artifact Health to discuss a wide range of topics including the impact of COVID-19 on hospital revenue cycles and how healthcare organizations can maximize cashflow during this time. Read the full interview over at Artifact Health.
South Florida Hospitals Trying to Lure Patients Back
Although many Florida hospitals reopened for non-emergency medical procedures on Monday, they found themselves in an unanticipated position: convincing patients to return. After six weeks of hearing that hospitals are ground zero for the COVID-19 crisis, some South Floridians say they are too afraid of catching the virus to go to one.
Beyond the COVID-19 Surge
One Minute with Me. My thoughts on how hospitals can prepare to move beyond COVID-19, successfully.
‘C’mon back,’ says Baylor Scott & White in a Bid to Attract Patients and Boost Revenue
“Increases in patient volume from COVID-19 cases appear to have been dramatically offset by declines in other parts of the business, said Brian Sanderson, managing principal of health care services at Crowe. And federal relief packages, such as the $100 million sent to Baylor last month, won’t cover the gap…”
Hospital Volumes Hit Unprecedented Lows
Hospital volumes have dropped so dramatically and quickly since the end of February that many health system financial executives are scrambling for sources of cash.
What Hospital Financial Executives are Saying
For our health systems, it's now the clinical front line AND the financial front line. Here's what we're hearing from healthcare financial leaders.