Cardiology Organizations Bracing For Major Revenue Drop Because of COVID-19
Information comes from a survey MedAxiom, an American College of Cardiology company, conveyed.
MedAxiom, an American College of Cardiology company, surveyed its members from March 24-28 to assess the effect of the COVID-19 outbreak on cardiovascular organizations. Representatives of 89 organizations responded. The majority (77.5%) have 11 or more cardiologists.
Here are some of the results:
• Between 50% and 75% of the respondents expected to see their organization’s second-quarter revenues drop by almost in half (47.3%). Between 25% and 50% of the respondents expected to see second-quarter revenues fall by a little over a third (37.8%).
• Between 25% and 50% of the respondents had put 29.9% of their staff on paid leave and 10.7% on unpaid leave.
• Over 20% of respondents have closed or are planning to close 50% or more of their clinics.
• Most programs are seeing a reschedule rate of between 50% to 75% in cardiovascular procedures. Between 25% and 50% have rescheduled close to half (42.5%) of their imaging studies.
• Nearly 70% of cardiovascular programs are utilizing advanced practice providers for telehealth services.
Conversations With Perry and Friends: Paul Fronstin, Ph.D.
May 9th 2025Perry Cohen, Pharm.D., a longtime member of the Managed Healthcare Executive editorial advisory board, is host of the Conversations with Perry and Friends podcast. In this episode, his guest is Paul Fronstin, Ph.D., director of health benefits research at the Employee Benefit Research Institute.
Listen
Conversations With Perry and Friends
April 14th 2025Perry Cohen, Pharm.D., a longtime member of the Managed Healthcare Executive editorial advisory board, is host of the Conversations with Perry and Friends podcast. His guest this episode is John Baackes, the former CEO of L.A. Care Health Plan.
Listen
