Healthcare professional services utilization dropped by nearly 70% in April year over year, resulting in a 50% decline in revenue, according to Fair Health’s new analysis of 31 billion commercial claims. COVID-19 hit the Northeast the hardest as utilization of professional services – defined as any service provided by a practitioner instead of being billed by a facility – fell 80% and revenue decreased 79%. Oral surgery had the largest decreases among specialists studied with utilization dropping 81% over that period, sinking revenue by 92%. Gastroenterology had the second-largest decline. Pediatric primary care was the least impacted as utilization fell 58% and revenue decreased 35%. Patients 0-to-4 years of age were minimally affected compared with 5-to-17 year old’s and adults.
Read the full article: COVID-19 Reshapes Healthcare Utilization //
Source: https://www.modernhealthcare.com/operations/covid-19-reshapes-healthcare-utilization