Looking back to better prepare: Examining the instability of elective procedures
Wednesday, February 17th, 2021 | 12:00 pm - 1:00 pm CT
The COVID-19 pandemic has forced the healthcare industry to make dramatic changes to who receives care, how they access it and even when they can receive it. The crisis brought about a roller coaster of extreme capacity issues in both directions; hospitals fluctuated between experiencing incredibly low volumes of patients to being at capacity or higher during COVID-19 surges.
Amid all this, many patients canceled their nonurgent visits and elective procedures, which has resulted in the loss of significant revenue streams. For over many hospitals, the year ended with a second round of canceled elective procedures.
These procedures represent a major source of funds for health systems. Recent analysis shows that hospitals earn about $700 more for each elective admission than for each emergency department admission.
Join us for the first discussion in a series on the instability of elective procedures. We will discuss the volatility of 2020 and how we can use what we learned to be better prepared in 2021.
In this webinar, we will discuss:
- How nonurgent and elective procedures were affected in 2020
- Tactics to effectively manage the surgery backlog
- Successful strategies that hospitals implemented during the pandemic