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Healthcare Trends during the Pandemic

More updates on Healthcare during the Pandemic

Posted On: September 8, 2020 by Mike Mallaro in: Healthcare, VGM

The business of healthcare continues to face serious headwinds as a result of the pandemic.  A few newsworthy developments:  A recent Kaufman Hall analysis found hospital and health system operating margins were down 96% in 2020 (through July) as compared to same period of 2019.  A meaningful amount of that decline was offset by government intervention and financial support.  But even after all stimulus and support aid from the government, hospitals and...
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Tags: DMEPOS, future, health, trends, mega-trends, healthcare, hme, vgm

Healthcare Trends during the Pandemic

Update on healthcare trends during pandemic

Posted On: August 25, 2020 by Mike Mallaro in: Healthcare, VGM

Healthcare activity continues to be muted due to impact of the pandemic. Elective medical procedures are still tracking nearly 20% below “normal” levels.  The pipeline for new candidates for procedures in not re-filling as fast as historically.  Hip and knee replacement volume was actually slightly lower in recent weeks than in June, speaking to the pipeline issue. This same rationale will impact HME patient pipelines.  Prescription volumes were 8-10% below...
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Tags: CPAP, healthcare, healthcare trends, hme, pandemic, vgm

Healthcare Trends during the Pandemic

Healthcare Trends during the Pandemic

Posted On: July 30, 2020 by Mike Mallaro in: Healthcare, VGM

We know the pandemic has had a huge impact on the healthcare business and consumption of healthcare, and with second quarter data being reported over these past couple weeks, we can quantify some of the impacts: In reviewing second quarter financial results of the three largest health insurers reporting (UnitedHealth, Cigna and Anthem), it is clear that the pandemic is resulting in lower numbers of visits, procedures and healthcare incidents, which results in healthcare spend being meaningfully...
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Tags: coronavirus, covid, healthcare, healthcare demand, healthcare trends, pandemic

Choices

Choices

Posted On: June 22, 2020 by Mike Mallaro in: Healthcare, Social commentary, VGM, Work Culture

We all exercise freedom of choice.  We choose our partner, how to spend our time and where we buy groceries.  We choose the shows we watch, our religion and our favorite teams.  The people we serve exercise their freedom of choice as well.  Every person we do business with has a choice.  They can choose to work with us.  Alternatively, they can choose to do business with someone else, or use alternative methods that do not include us.  Success comes when make...
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Tags: choices, community, connections, relationships

Thank You

Thank You

Posted On: April 15, 2020 by Mike Mallaro in: Healthcare, Opinions

I’d like to interrupt my Power of One blog posts series this week for some well-deserved thank yous. In the midst of everything that’s going on right now, it can be easy to be so focused on protecting ourselves and our families that we forget about the brave people risking their own health every day to help us do it. So, in no particular order: · Thank you to the hospitals for going above and beyond, for working long hours, and for bravely facing the worst that this epidemic...
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Tags: thanks, thankyou, pandemic, wegotthis

5 Healthcare Predictions for the 2020s

5 Healthcare Predictions for the 2020s

Posted On: January 3, 2020 by Mike Mallaro in: Healthcare, Opinions

I’ve been talking a lot about the future lately. I think I’ll keep the crystal ball rolling just a bit longer. In an election year where healthcare has pulled ahead of the economy as the primary concern of voters, I think it’s safe to say that we can expect some changes in the next decade to the way we do business in this arena. A lot will depend on who’s in charge after November is over, but a lot won’t. As another week draws to a close, I’d like to share a few...
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Tags: future, health, trends, mega-trends

Choices

Choices

Posted On: November 22, 2019 by Mike Mallaro in: Community & Loneliness, Employee Ownership, Healthcare, Work Culture

We all exercise freedom of choice every day of our lives. We choose our partner, how to spend our time, and where we buy our groceries. We choose the shows we watch, which religion we’ll follow (if any at all), and which sports teams we'll cheer on. The people you serve in your organization exercise their freedom of choice every day as well. Every person you do business with has a choice. They can choose to work with you, or they can choose to do business with someone else. They can also...
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Tags: choices, freedom, community, connections, relationships

63%: A Cybersecurity Story

63%: A Cybersecurity Story

Posted On: November 15, 2019 by Mike Mallaro in: Healthcare, VGM

When I wrote about cybersecurity last week, I attempted to sound an alarm bell for healthcare providers about the magnitude of the threat we face as we seek to protect our businesses and their data from cybercriminals. Today, I want to follow up with a story that should scare you. It definitely scares me. Our company invests heavily in IT security, and we’ve done a pretty good job of making our systems and data secure. One of the things we do is hiring an outside firm to do system penetration...
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Tags: cyber, data, breach, cybersecurity

Cybercrime

Cybercrime

Posted On: November 8, 2019 by Mike Mallaro in: Healthcare, VGM

If you’re a provider of healthcare, then it’s likely that you’re not allocating enough leadership and resources toward protecting your company from cybercrime. Cybercrime against healthcare providers receives a fair amount of attention in the media and in industry circles. People are aware of the threat. They talk about it, and most even worry about it, but the actual threat posed by cybercrime far exceeds the effort and resources put forth to combat it in my opinion. This mismatch...
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Tags: cyber, data, breach, cybersecurity

The Impact of the ACA

The Impact of the ACA

Posted On: October 18, 2019 by Mike Mallaro in: Healthcare, VGM

I’m going to take a bit of a risk this week and talk about Obamacare. The Affordable Care Act, a/k/a Obamacare, was signed into law in 2010. This “reform” of our healthcare system remains an emotional flashpoint for many on both sides of the aisle, but at the same time is often misunderstood. If we can, I’d like to set aside the emotional baggage that surrounds the law for a moment and try to take a look at the actual impact that Obamacare has had on our country and our industry...
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Tags: aca obamacare, healthcare