BC Advantage - 2020 Issue 10

The Financial Impact Of COVID-19 On Healthcare

The financial impact of COVID-19 poses yet another threat to an already strained healthcare system. Even prior to the pandemic, healthcare costs were a major challenge. But times of crisis spur new solutions, renewed commitments, and solidarity that for many healthcare professionals equals genuine heroism. There are also many existing and affordable technologies that can be easily and quickly adopted, to help blunt the financial impact of this unprecedented chapter in history.Risk and UncertaintyLess than 25 percent of healthcare providers in the United States have cash reserves to tide them over for more than two months. Experts recommend...

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