A Bird’s Eye View of the Current Healthcare Landscape
The healthcare landscape has been significantly affected by heightened national unemployment rates, with the COVID-19 pandemic leading to a 6% unemployment rate as of April 2021.
Vaccinations are widely available and the economy is improving, but there is still a long way to go. Unemployment is certain to remain a significant concern in the upcoming months, as is healthcare access and inequities.
Under-insured and uninsured rates will affect medical practices in terms of patient count, revenue, number of billers, and healthcare needs. Providers and practice administrators can prepare for the changes by embracing digital tools, leveraging patient-centric technology, and automating administrative processes.
What's covered in this guide?
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Who's Hit Hardest by Unemployment and Insurance Loss
As millions of people lost their jobs, they also lost their insurance.
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Leveraging Healthcare Technology to Engage Patients
Digital records and technology can also help practices connect with patients.
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How Practices Can Maintain Cash Flow
Flexible payment options and digital payment methods can increase cashflows.
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“Given that more than 60% of the workingage population relies on employer-sponsored health insurance, the economic crisis is poised to spark an insurance coverage crisis.”
Source: rwjf.org
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