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Tsunami of economic turmoil to hit the healthcare in 2021-2022: COVID-19 pandemic is just an earthquake.

Authors :
Arredondo E
Kashyap R
Surani S
Source :
Hospital practice (1995) [Hosp Pract (1995)] 2021 Oct; Vol. 49 (4), pp. 232-239. Date of Electronic Publication: 2021 Apr 21.
Publication Year :
2021

Abstract

The COVID-19 pandemic caused the United States to hit record numbers of COVID-19 cases: peak unemployment of 14.7%, an increase in $4 trillion in national debt, and an estimated 3.4% GDP decline. The current socio-economic environment the pandemic created is just an earthquake that can create a tsunami that is bound to hit the healthcare system and can be felt around the globe. This tsunami is composed of a post-pandemic increase in healthcare facilities admission of indigent patients, decrease in medical reimbursement, and high operating costs to maintain healthcare workers, which can cause a synergistic effect that can lead to healthcare facilities experiencing significant negative total revenue. Time is of the essence, and it is imperative to make a collective effort from all healthcare professionals and legislatures to shift the nation's attention to the issue at hand that can threaten the closure of many healthcare facilities post-pandemic.

Details

Language :
English
ISSN :
2154-8331
Volume :
49
Issue :
4
Database :
MEDLINE
Journal :
Hospital practice (1995)
Publication Type :
Academic Journal
Accession number :
33866912
Full Text :
https://doi.org/10.1080/21548331.2021.1917896