The Devil is in the (Data) Detail
The COVID-19 pandemic walloped the world, ushering in massive social, economic, cultural and health-related uncertainty.
Although the exact impact is unclear, the first moments of clarity can be found in the financial data, according to Third Horizon Strategies. The healthcare consulting firm teamed up with The Council and other national medical, care delivery, and insurance trade associations to uncover the longer-term effects of COVID-19 and the recession on the economics of the healthcare delivery system.
Dubbed the Post-Covid Delivery System Stress Test, this analysis measures the ability of the U.S. healthcare system to sustain a rapid shift in demand while maintaining the same rate of supply. Through a data-driven lens, this stress test considers variables like the nosedive in employment and how payments will shift if enrollment in public and private insurance plans change. The results will provide strategic and policy focus in 2021, but they will also allow certain stakeholders to be problem solvers. Brokers and consultants, medical professionals, financial analysts, insurance companies and telemedicine providers will be (virtually) shoulder to shoulder as they consider state and federal policy solutions and how to mitigate the financial stress of this once-in-a-generation pandemic.
Be on the lookout for the full study coming late 2020.