The COVID-19 pandemic led to drastic decreases in health spending over the last year as patients and providers were forced to delay routine care – leaving many hospital systems with significant revenue deficits. The Kaiser Family Foundation estimates that many hospitals will continue to face declining revenue amidst the lingering economic crisis. In these uncertain times, Hippo Virtual Care can help decrease hospitals’ overall costs, while simultaneously increasing revenue potential.
It comes as no surprise that the COVID-19 pandemic will have lasting impacts on healthcare systems worldwide. Seemingly overnight, healthcare delivery changed from in-person to digital, transforming the norm. Providers who had previously been slow to adopt virtual care models had to quickly scale up programs to reach patients and ensure the continuation of their clinics during a time of unprecedented change.