Healthcare IT Today August 26, 2020
The following is a guest article by Melva T. Covington, MPH, MBA, Ph.D. from Ciox.
The eye-opening projected cost of healthcare due to the novel coronavirus in the United States is historic, with totals somewhere between $56B and $556B by the end of 2021, according to a Wakely study by American’s Health Insurance Plans.
Our nation’s hospitals are hemorrhaging dollars. The American Hospital Association suggested that together, hospitals will have lost more than $200B by mid-year 2020, losing on average $51B per month over a four-month time period. There have also been widespread disruptions to routine surgical care, with more than 28 million surgeries postponed or cancelled since the start of the COVID-19 crisis as per the British Journal of...
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