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Providertech

5 Things Healthcare Leaders Should Know about the New COVID-19 Relief Bill

There’s no denying that the healthcare industry in the United States has been hit especially hard by the COVID-19 pandemic. In addition to many physicians, nurses and other healthcare professionals being on the front line caring for patients who contracted the virus, many provider organizations sustained large drops in revenue.
A study reported by Health Affairs in September 2020 found that primary care practices are expected to lose $67,774 in gross revenue per full-time-equivalent physician. Similarly, a poll conducted by the American Medical Association (AMA) found that 81 percent of physicians disclosed revenue remained below pre-pandemic levels and 70 percent of respondents reported providing fewer total visits (in-person and telehealth) than pre-pandemic.

Multiple federal financial assistance programs were enacted in 2020 to aid U.S. businesses in remaining financially viable during the COVID-19 pandemic, including the following:

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