How is Modern Healthcare Coping with the Pandemic?
We know it’s hard to imagine, but we’ve already reached the halfway point of the calendar year. The year 2021 appears to be shaping up to be yet another exciting year in the healthcare industry. Given the increasing number of COVID-19 vaccinations and the fact that things are starting to open up, we thought it would be an exciting moment to look at the rising trends that have characterized the first half of the year.
The following are the significant trends we’ve observed so far this year:
The Common Flu Isn’t So Common Anymore
I know it’s hard to imagine, but we’ve already reached the halfway point of the calendar year. The year 2021 appears to be shaping up to be yet another exciting year in the healthcare industry. Given the increasing number of COVID-19 vaccinations and the fact that things are starting to open up, we thought it would be an exciting moment to look at the rising trends that have characterized the first half of the year. The following are the significant trends we’ve observed so far this year:
As we previously discussed, COVID-19 prompted millions of patients to postpone medical treatment. Patients’ symptoms are exacerbated due to these delays in care, and their healthcare outcomes are worse as a result. However, that there’s some positive news – the number of patients seen appears to have increased. Looking at procedure claims for malignant neoplasms (also known as cancerous tumors), the quantity of the lawsuit over the last four months of 2020 was equal to or slightly higher than the claims volume for the same time in 2019.
Furthermore, claims volume in March 2021 was 103 percent higher than in March 2019, showing that more patients are coming to seek tests for previously postponed care.
Regarding diabetes tests, our claims data shows a similar pattern to that observed in the literature. According to our claims data, the number of encounters for diabetes tests from September to December 2020 exceeded by more than 100% the number of interactions for the same period in 2019. February and March 2021 are both exceeded 100 percent of the volume for the same months in 2019. During the second half of 2021, we’ll be maintaining a tighter check on this trend to see if the number of vaccinations increases as more people become immunized.
Virtual Care Solutions Becoming More Popular
COVID-19, which resulted from the shift in care sites, was a catalyst for the explosive rise of telehealth services. Between March 2020 and April 2021, telehealth treatment claims continued to average more than 5,000 percent of the volume of shares received in 2019. Now that things are starting to get back to normal, everyone’s attention is committed to strengthening telehealth and its possible impact.
The number of weekly telehealth visits has only slightly decreased from 1.49 million in 2020 to 1.48 million in 2021 through April, compared to a weekly average of 1.49 million in 2020. To find potential for their virtual care solutions, healthcare software and information technology businesses will want to keep a careful eye on where the market for telemedicine remains stable and where it begins to decline. Now is the best time to invest in premium integrated healthcare services.
COVID-19 has placed significant stress on health care professionals, nurses and carers and has increased burnout problems. According to a Medscape supplier burnout poll, 42 percent indicate they are burnout – and this percentage is up to 50 percent when you look at specific areas such as critical care or sex. One element contributing to the burnout of a doctor is that he feels overworked. According to Definitive Healthcare’s physician statistics, the most patient workload was in 2019 and 2020 based on the average number of applications for physical medicine and rehabilitation suppliers across specialties.
In the meantime, oncologists and hematologists have rated ambulatory claims over the last three years as the highest per physician. Hospitals can make better decisions to reduce burnout and lower workloads by knowing which specializations are the most demanded.
Following a tumultuous COVID-19-dominated 2020, healthcare leaders, legislators, and the general public in the United States are excited to see what the year 2021 has in store. Several pressing issues include the persistence and emergence of pandemic threats, the long-term consequences of COVID-19, future emergency readiness, and how the Biden administration would impact healthcare, particularly concerning the decision of the Affordable Care Act (ACA).
The healthcare trends for 2021 can be categorized as health legislation, patient care, and technological advancements. The healthcare business should prepare for the future by identifying the crucial areas to watch within each of these categories and which activities and events may have an impact on the healthcare system.