Post-Pandemic Crisis Affiliation: Which Way is Up?
- May 4, 2020
The COVID-19 pandemic has, in essence, turned the world upside-down. Healthcare in the United States and around the world will never be the same. At its core, this transformation applies to all aspects of clinical care, especially with the rapid adoption of telehealth as a viable alternative to a significant portion of in-office patient-physician visits and a greater focus on remote monitoring as an alternative to in-hospital observation. Likewise, we believe that the economic and transactional sides of the U.S. healthcare system will change as well, both in temporary and permanent ways.
Hospital and physician clinic budgets and financial plans based on patient volumes for 2020 and 2021 are now outdated. Predictions for what will happen after the COVID-19 pandemic subsides is anyone’s guess.
- Will American consumers rush to have elective surgeries that were deferred during the pandemic crisis?
- Will they become more deliberate afterward, focusing on only the essential areas of care, for some time?
- Are the wide-spread lockdown and shelter-in-place requirements something that many consumers have accepted and will now be reticent to leave their homes unnecessarily?
- Or, more likely, will they leave only for more pleasurable experiences than going to the doctor, dentist, or hospital?
All these dynamics are unfolding in different ways each day, and only time will tell the outcome.
Coker’s latest white paper, Post-Pandemic Crisis Affiliation: Which Way is Up?, will explore a pandemic crisis and characteristics of U.S. healthcare, physician-hospital alignment, physician-to-physician affiliation, physician-investor affiliation, and more.
Contact Coker Group today for more information about the effect of a pandemic on all aspects of physician affiliations, and initiating discussions about the options that work best for your organization.
Max Reiboldt, CPA