Lessening the financial impact of the pandemic

Description

Abstract: The COVID-19 pandemic has had, and will continue to have, a large economic impact. Many physician practices have experienced a reduction in patient volume as patients have lost jobs and no longer have insurance. Even those who still have insurance may be reluctant to have elective procedures performed. This article suggests some steps medical practices can take to mitigate the effects of the economic slowdown, including appointing a patient care coordinator and leveraging telehealth. A sidebar discusses the possibility of shoring up finances by having some staff members juggle roles or outsourcing some duties.