Managed Healthcare Executive June 2, 2020
Healthcare providers are facing the immediate priority of providing safe care to patients and also the existential threat of staggering financial losses. Estimates now point to industry-wide losses of $200 billion and revenue declines of up to 70% because of reduced ambulatory volumes, deferred surgeries, and elective procedures. Compounding the situation is the expectation that the payer mix will tilt towards less-profitable Medicaid patients due to the shocking increase in unemployment and loss of employer-sponsored insurance.
To address these financial challenges, healthcare providers have rapidly implemented digital solutions, which can deliver care with greater safety, scale, and flexibility than health systems ever could through traditional means. Progressive systems view digital as a long-term driver of financial performance, not just a...
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