Aligning with Healthcare of the Future
As the crisis built in strength across the country, healthcare was one of the industries hit the hardest. Hospitals and healthcare systems struggled to combat the virus and acquire enough PPE. Carriers are still working out what this means for future premiums. Elective procedures are still being put off. Unemployment has shifted costs from private to public health plans. In this segment we'll be discussing how all of these stakeholders in the U.S. healthcare ecosystem impact each other, and our predictions for the future.
We see a reduction in commercial market revenue as a result of shifting toward Medicare and Medicaid as employees are laid off or early retire. In the short-term, we're seeing higher income due to the severe drop-off in elective procedures and office visits. This all leads to the issue of - what happens next?