Outpatient Visits, Hospital Revenues Down During COVID-19 Outbreak
May
18
Due to the COVID-19 pandemic, the number of visits to ambulatory care practices dropped almost 60% in mid-March, according to a new analysis by researchers at Harvard University and health care technology company Phreesia. Surgical and procedural specialties saw the greatest impact, with the number of visits between March 1 and April 5 decreasing more than 60%. Meanwhile, a recent FAIR Health study reported that larger hospitals and health systems were hit harder financially by the pandemic. The average per-facility revenues based on estimated allowed amounts in large facilities decreased from $4.5 million in the first quarter of 2019 to $4.2 million in 2020.
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