Healthcare consumption trends during the pandemic
Posted On: March 12, 2021 by Mike Mallaro in: Healthcare, VGM
The pandemic had a significant impact on healthcare businesses and healthcare consumption. With full 2020 data now reported, we can assess the trends and what they may indicate going forward:
For the full year of 2020, health insurers experienced a reduction in healthcare consumption of about 2-3% compared to 2019. I think it is reasonable to assume healthcare consumption other than COVID declined by about 5-6% for the year, offset in part by the increased healthcare...
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Healthcare Activity in Pandemic - Q3 Update
Posted On: November 17, 2020 by Mike Mallaro in: Healthcare, Opinions, Social commentary, VGM
I continue to watch the pandemic’s meaningful impact on the healthcare business and consumption of healthcare. With third quarter data now reported, we can assess the trends and what the next few months may hold:
The initial heat of the pandemic was mid-March through mid-May. In the second quarter of 2020 (April-June) there was a reduction in non-emergent and elective healthcare services. Largely this was considered a deferral of services but in reality a portion of...
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