By: John Lavey | Hammock President/COO
One of the big issues in healthcare “getting back to a new normal” is the resumption of elective procedures. On March 19, the Centers for Medicare and Medicaid Services (CMS) issued a recommendation to postpone most elective procedures. In effect, the spigot for a hospital’s revenue has been turned off for two months.
From an economic point of view, elective procedures are the lifeblood of a healthcare system’s revenue stream and profitability, and the loss of elective procedures is gashing hospitals’ margins.