COMMENTS/AGREE

COMMENT ON THE 2 DISCUSSIONS BELOW:

1 COMMENT:
As the Covid spreads quickly over the United States, private wellbeing safety net providers and government wellbeing projects might confront higher medical care costs. Nonetheless, the degree to which expenses develop, and how the weight is appropriated across payers, projects, people, and topography are still a lot of obscure. This short spreads out a structure for understanding changes in wellbeing costs emerging from the Covid pandemic, including the elements driving wellbeing costs upward and descending. We additionally feature some unique contemplations for private guarantors, Medicare, and Medicaid programs. Generally 15% of individuals contaminated by the Covid could require hospitalization, and a little offer require intrusive mechanical ventilation. The expense of these affirmations will fluctuate by seriousness and payer. In a previous examination, we gauge that, among individuals safeguarded through an enormous manager’s private wellbeing plan, hospitalization for pneumonia went from a normal of $9,763 to $20,292 in 2018 relying upon seriousness and comorbidities related with the condition. Notwithstanding, patients who should be put on a ventilator would have a lot greater expenses. In 2018, ventilation treatment for respiratory conditions went from $34,223 to $88,114 contingent upon the period of time ventilation is needed, for patients in enormous manager plans. Treatment costs on a for every patient reason for equivalent affirmations will be lower in Medicare and Medicaid, where suppliers are repaid at lower rates. For instance, normal emergency clinic installments for pneumonia with significant comorbidities or entanglements are $10,010 under Medicare, and hospitalizations for respiratory framework diseases requiring ventilator uphold are $40,218. By and large. A backhanded impact of the Covid flare-up is the extra strain on restricted emergency clinic assets, which will prompt some mind being postponed or done without. Moreover, because of both social separating measures and the financial plunge, people may likewise renounce outpatient care or doctor prescribed medications they would have in any case utilized. Renounced care could balance a portion of the extra expenses of treating individuals with COVID-19, however the degree costs are counterbalanced is as yet an inquiry.

2 COMMENT:

Before COVID-19 hit, it was believed that hospitals knew how to make money but when COVID-19 hit, they had to do away with the things that brought the revenue. According to this article on the American Health Association (AHA) website, lost of revenue was from cancelled hospital services due to the COVID-19 pandemic which they classified into three categories: emergency department (ED)-related; non-ED-related medical; and non ED-related surgical. They cancelled 67% of ED-related and non ED-related services, 67% of ED-related services and 50% non ED-related medical services and surgical services as well, cancelled surgeries, various levels of cancelled non-elective surgeries and outpatient treatment, and reduced emergency department services, these levels of service interruptions were blended over a timeframe and the AHA estimated a total four-month financial impact of $202.6 billion in losses for America’s hospitals and health systems, or an average of $50.7 billion per month as a result of cancelled hospital services due to the COVID-19 pandemic, U.S. non federal hospitals stand to lose approximately $161.4 billion in revenue over the four months period from March to June 2020. The impact of COVID-19 on our healthcare industry would be huge since hospitalizations over a four-month period will be $36.6 billion leaving the nation’s hospitals and health systems a total loss of $36.6 billion, including payments for COVID-19 patients, from March to June 2020 treating COVID-19 patients alone. The healthcare system also lost a lot because they had to spend about $600 million per month to purchase more medical equipments like PPE because the demand for equipment and supplies has increased as a result of the COVID-19 pandemic as hospitals have also incurred additional costs as they struggle to acquire additional supplies to meet the needs of their patients and staff to keep themselves safe. Some hospitals and health systems around the country had to incur more debt because the had to expand their treatment capacity due to more patients infected with COVID, had to set up additional space like testing tents, ICU beds, and other treatment beds, salary costs has gone up as the hospitals are experiencing increased overtime costs from their front-line workers. Due to the pandemic, there has also been drugs shortage since most hospitals are going beyond hier ways to find temporary drugs to treat patients with COVID and this situation has created a perfect storm for drug shortages for many vital drugs resulting in higher costs for hospitals.

Most people were not allowed into the hospital if they do not have COVID or do not have signs of covid, as a manager of this organization I would ensure there was a tent set outside the hospital parking lot or an open space that was designated to non-covid patients and this would allowed them see their physicians and have their regular check-ups. By so doing it would generate some revenue to he hospital to help fund covid cases.