Contents tagged with practice viability
By Tom Banning
There is no question that the COVID-19 pandemic has created unprecedented financial pain throughout our health care system. Primary care physicians have seen a drop in patient visits of more than 50%, specialty physicians have seen patient volume evaporate, and hospitals are burning through cash as patients avoid going to the emergency room and non-urgent surgeries and other elective procedures that make up the bulk of hospital revenue have been canceled.
In a Stateline article this week, The Pew Charitable Trusts warns of the “possibility that the non-hospital health system will be decimated, and many of the surviving providers will be ill-prepared to deal with the pent-up demand that emerges from this crisis.” They predict a near future rife with acquisitions and mergers for independent physicians unable to survive months with no revenue.more