June 10, 2020 / Jeff Lagasse, Associate Editor
In April, during the midst of the COVID-19 pandemic, healthcare professional services declined 68% in utilization and 48% in revenue based on total estimated in-network amounts compared to April 2019 nationally. In the Northeast, the region hit hardest at that time by the pandemic, professionals experienced particularly sharp drops in utilization (80%) and revenue (79%) in April.
These are among the findings of FAIR Health’s third COVID-19 study: Healthcare Professionals and the Impact of COVID-19: A Comparative Study of Revenue and Utilization.
During March and April, deferral of elective procedures and many routine in-person medical visits imposed a financial burden on healthcare providers and caused changes to their practices, such as a new emphasis on telehealth.
