In this fourth part of a six-part series, data shows the pandemic severely affected revenues, expenses.
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%.