How hospitals can bounce back from the current downturn in business, caused by the COVID-19 outbreak?
Hospitals need to transform and find new ways to engage. The ones that cannot transform would perish. Hospitals need to maintain the balance between providing treatment to COVID and non COVID patients. When COVID cases surge, hospitals have to cater more to COVID treatment than non COVID treatment, and when COVID subsides they have to cater more to non COVID patients. This see-saw between COVID and non COVID would continue for some more months.
Already, hospitals have started witnessing recovery in business and they would recover fully in the next few months. Hospitals need to realise that surgeries have only been deferred and soon the number of surgeries would be like before, and soon the business would be like before. However, like other industries, healthcare also needs to embrace the ‘New Normal’.
Cost of care has increased due to the ‘New Normal’. Would it be the same in the future?
Hospitals would not be able to provide services at the earlier cost, given the safety measures and infrastructure changes needed now. So, obviously, the cost of care would be more than before.
Hospitals have received flak for exorbitant charges of COVID treatment. What are your views on making the treatment more affordable?
This story is from the July 2020 edition of Healthcare Radius.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2020 edition of Healthcare Radius.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Granules' Visakhapatnam - Unit V facility passes FDA inspection
Granules India's Unit V facility in Visakhapatnam has completed US FDA inspection with zero 483 observations.
Mankind to set up 'Digital Smart Classrooms' in villages
Under the project, Mankind Pharma to equip 220 government schools from Uttar Pradesh, Himachal Pradesh, and Uttarakhand with learning tools and technology.
Indegene acquires medical writing player from Germany
Indegene acquires Trilogy Writing & Consulting GmbH, enhancing medical writing capabilities for life sciences companies.
Medulance bags 25.06 cr series-A VC funding
Latest VC funding to be invested in expanding emergency healthcare in India.
HUMAN TOUCH IN HEALTHCARE
Healthcare must prioritize empathy, not efficiency, for better patient experience, moving from cost center to core strategy, argues author
SMART BANDAGES A REVOLUTION IN WOUND CARE
Wound care is about to get a technological upgrade! See how next-generation intelligent dressings may help to fight infections and assist in the fast healing of wounds
THE EMERGING THREAT OF LUPUS
Explore the prevalence and growth rates of Lupus in India and ways to tackle this emerging healthcare challenge.
INDIA'S NURSES' SHORTAGE: FINDING CURE
The acute scarcity of nurses is burdening India's healthcare system, risking patient care outcomes. Explore the way forward.
New guidelines to address fluid management in hospitalized patients
API and Kenvue India release guidelines for managing oral fluids, electrolytes, and energy in non-diarrheal patients for hospitals in India.
HealthTech hiring stays strong despite funding slowdown - Report
India's HealthTech hiring demonstrates resilience with employment surging by nine percent amidst a funding deceleration.