As we move into post-peak pandemic phases throughout the country, hospitals are focused on quickly and safely ramping up their elective procedures, which account for about half of their revenues.
Editor's Note: This article was originally posted on CipherHealth's website.
In an RCA Benchmarking Analysis conducted by Crowe for nearly 1,500 hospitals, the daily revenue losses for hospitals with 100+ beds was an astounding $1.44 billion between March 1st and April 15th, 2020. To recover this lost volume, the average hospital needs to run at 110% of previous capacity for six months.
Providing alternative ways for patients to access care forestalls a different kind of public health crisis caused by delayed or forgone care – and can mean the difference between organizations that continue serving their communities for decades to come and those that will be forced to close. At the same time, it’s essential to keep practices in place that mitigate the spread of COVID-19 and continue to provide the best possible care to both COVID and non-COVID patients alike.
Addressing the Most Common Communication Gaps
In our educational webinar “Roadmap to Recovery: Communication Strategies to Maximize Revenue and Ensure Continuity of Care” on May 28th, CipherHealth’s VP of Clinical Services, Lyndsey Lord, MBA, RN, discussed three essential considerations for managing the clinical and operational impact of deferred procedures. Click here to continue>>
News from our partners.