Telehealth
At stake is $3.2 billion in revenue for a one-day length of stay as 80% of revenue for all services is in joint replacement.
The agreement is expected to provide more stable and predictable revenue, a need underscored by the pandemic.
Leaders leveraged the changing market economy to accelerate innovation centered on telehealth and artificial intelligence.
This week's top stories include the VA giving scheduling technology a test run, fines for nursing homes not complying with testing regulations and telehealth giant Amwell getting a $100 million funding boost from Google Cloud.
Despite increased adoption of technology during COVID-19, the digital divide must be addressed by greater investment, says professor Sam Shah, founder and director of Faculty of Future Health.
Many U.S. hospitals have already seen revenues impacted due to delayed or re-prioritized nonemergency procedures.
Remote care automation and predictive triage can help patients get the care they need safely and efficiently, according to experts at FutureMed 2020.
Despite using technology more than before, consumers still say they want a personalized physician-patient relationship.
Following President Trump's executive order on virtual care, the American Hospital Association issued a series of recommendations supporting access to telehealth after the public health emergency ends.
Virtual care is keeping revenue flowing in part by improving providers' ability to bill for these services.