Healthcare professional revenue falls nearly 50% during COVID-19 pandemic

June 10, 2020 / Jeff Lagasse, Associate Editor

In April, during the midst of the COVID-19 pandemic, healthcare professional services declined 68% in utilization and 48% in revenue based on total estimated in-network amounts compared to April 2019 nationally. In the Northeast, the region hit hardest at that time by the pandemic, professionals experienced particularly sharp drops in utilization (80%) and revenue (79%) in April.

These are among the findings of FAIR Health’s third COVID-19 study: Healthcare Professionals and the Impact of COVID-19: A Comparative Study of Revenue and Utilization.

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During March and April, deferral of elective procedures and many routine in-person medical visits imposed a financial burden on healthcare providers and caused changes to their practices, such as a new emphasis on telehealth.

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