Can Specialty Healthcare Practices Find Operational Efficiency Post-COVID?

 

Recently, the American Medical Association published research regarding physicians’ Medicare spending during the first few months of the pandemic. In the study, “Changes in Medicare Physician Spending During the COVID-19 Pandemic,” the AMA discovered that specialty physicians in Dermatology, Ophthalmology, Otolaryngology, Gastroenterology, and Pathology reduced their spending from 23 to 29 percent. How has this reduction in expenditure impacted these doctors a year later?

To figure it out, Voice of B2B Daniel Litwin joined Terrence D. Sims, the President of Strategic Growth and Marketing of Raintree Systems, to discuss specialty healthcare. Raintree is a “digital healthcare solutions company working to centralize and customize specialized clinical practices through EMR/EHR software solutions.”

“The spending was largely attributed to the disruption during the closure period,” Sims said, as he expects Medicare spending to go back up, but not to previous levels due to expanded virtual health services.

But, it allowed healthcare providers a chance to examine how they deliver services to patients. Some solutions that arose were virtual care, telehealth, and remote patient monitoring. Though the technology was there, doctors relied on their old methodology, but the pandemic forced them to adapt.

“We now incorporate more technology than we probably ever have,” Sims said. With more spending going toward telehealth services, Medicare spending will stay on the lower end.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Latest

Pixels and Mortar: How LED Went from Small-Scale to Major Scale
May 20, 2022
It’s hard to imagine the days when the sun used to be our only source of natural light. Since we’ve attempted to harness light in our societies, we’ve reigned in both the power of fire and Read more
What a Dip in Veganism Popularity Means for the Food and Beverage Industry
May 20, 2022
Key Insights: In 2022, 5% of respondents were vegan in the Statista Survey. Harris Poll in 2020 found that about 3% of U.S. were vegan. New data finds vegan and vegan related google searches Read more
Apprenticeships are Vital in Developing the Next Generation of Workers
May 19, 2022
  Trevor Matthews worked in refrigeration until he admittedly, lost his joy. Greg Crumpton refers to it as a complacency rut, “in a rinse repeat cycle.” Today Matthews, Founder of Refrigeration Mentor, Read more