MHE State of the Industry survey: The pandemic’s effects

The pandemic has had pronounced effects on the finances of their healthcare organizations, according to the respondents to the MHE State of the Industry. About one-quarter (26%) said it severely reduced revenues and one-fifth (20%) said it severely increase expenses.

The MHE survey results add to the enormous pile of evidence that the pandemic shifted healthcare delivery to virtual care. Just under 30% of the respondents indicated that their use of, payment for, or involvement in telehealth had increased by 51%-99% and 15% indicated that it had increased by 100%-199%.