In the third quarter, insurers saw a slight dampening from the record-high profits recorded in the previous quarter as medical utilization rebounded to about 95% of normal volumes for most major payers. They warned, however, that tailwinds may not last as people seek previously deferred care in the fourth quarter and into next year. Another widespread halting of elective procedures is unlikely as providers have learned more about safely carrying out routine care despite COVID-19 surges. But novel coronavirus case rates and hospitalizations have reached record levels nationwide this week and it’s unclear how safe people will feel returning to hospitals and doctor’s offices for non-emergent treatments.
Read the full article: Payers Saw Volumes Bounce Back in Q3, Say COVID-19 Still Volatile //
Source: https://www.healthcaredive.com/news/payervolumes-bounce-back-q3-covid-19-still-volatile-insurers-vaccine/588810