"While the direct impact of COVID-19 has already been substantial, additional layers of delayed or indirect impact have the potential to dwarf the immediate effects. These additional layers of impact related to COVID-19 could result in $125 billion to $200 billion in incremental annual US health system cost."
"Patients turned to virtual care in droves in the early months of the pandemic, often due to a lack of alternatives as their state and local governments restricted availability of in-person care to free up healthcare resources to fight COVID-19. On a year-over-year basis, telehealth claim lines for privately insured people [jumped drastically in March, April, and May, however], virtual care claims fell 21% from May to June as states began to resume in-person treatment for non-emergency medical care, allowing patients to return to their doctor."
"Healthcare delivery tomorrow will look much different than today for a variety of reasons. Consumer expectations, the emergence of nontraditional players, and a move to value-based care are among the driving forces. Yet nearly all advancements ride on the backbone of technology and the ability to harness a massive quantity of data now being produced."
"Very rarely—perhaps even just once a generation—an extraordinary event or force comes along that completely transforms a stagnant industry. We are experiencing that moment right now in healthcare, in what is a mass acceleration of opportunities for company creation across the care delivery space."
CMS’ Site Neutral Payment regulation is expected to put a huge financial strain on hospitals. What should hospitals be doing to address what is inevitably going to be a multimillion dollar shortfall? It's important to understand what the impact could be, strategize ways of filling the hole, and actually recovering from it.