KevinMD August 5, 2020
A recent report by Merritt Hawkins, the physician recruiting firm, includes two key revelations about the impact of the COVID-19 crisis on physicians: Merritt Hawkins’ searches on behalf of prospective employers have dropped by 30 percent since March 31, and up to 35 percent of practices in some markets might soon close because of their unsustainable financial losses.
As of late May, visits to physicians—both in-person and virtual—had declined by 30 percent since the pandemic began, after dropping 60 percent during March and April and then rebounding. Many patients continue to avoid medical offices, and the expansion of telehealth has failed to recoup physician revenue losses. So Merritt Hawkins’ forecast is very believable.
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