The cost of hospital admission for patients with the coronavirus can top tens of thousands of dollars, and there have been hundreds of thousands of hospitalizations just in the early months of the pandemic. However, social distancing measures, concerns over hospital capacity, and fears of contracting the virus are leading to some other healthcare being delayed or…
The disruption caused to the economy by COVID-19 will create a strong push to let more Americans buy into Medicare! According to KFF, 2.5 million adults ages 55 to 64 lost their jobs since March, bringing the unemployment rate for this cohort to over 12.5% (was 3.4% prior to March). A large porting of this cohort…
Four Common Missteps That Leaders Make When Under Pressure To Reduce Costs! Current economic conditions caused by the pandemic are forcing health systems to hurriedly concentrate on cost reduction strategies. We have uncovered four (4) common missteps that leaders make when under pressure to reduce costs: Misstep # 1: Stop treating a sizeable share of…
