Abstract
Avoiding a Health Care Financial Meltdown.
Highlights
Hospitals and physicians are already feeling the pain
Hospitals and physicians are struggling to address the rapid shift in the demand for services while hemorrhaging financial resources because in most cases, the primary business model anticipated a steady flow of fee-for-service payments
Despite a rapid increase in the demand for services related to COVID-19, most other aspects of health care delivery have come to a standstill
Summary
Hospitals and physicians are struggling to address the rapid shift in the demand for services while hemorrhaging financial resources because in most cases, the primary business model anticipated a steady flow of fee-for-service payments. Despite a rapid increase in the demand for services related to COVID-19, most other aspects of health care delivery have come to a standstill. Health care practitioners have been resourceful, quickly shifting service delivery to telehealth where they have been able to obtain reimbursement from Medicare and other payers.
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