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New Webinar: How COVID has Changed the Delivery of Healthcare

By Sarah Leitz | Published Oct 20, 2020 | 6 min read

Healthcare in the time of COVID-19 is a singular space. Almost overnight, the entire infrastructure shifted gears and altered operations to meet the rising need of patients across the country.

The coronavirus pandemic turned hospitals into pressure cookers, bursting at the seams. But hospitals and the industries that serve them are resilient, driven, and innovative. At Altus, we have been working with our partners to expand our product suite and offer faster-than-ever fulfillment for hospitals to best meet their needs, and the patients they treat.

In light of the many changes brought on by the coronavirus, our team at Altus decided to launch a webinar series aimed at answering the industry’s top questions concerning the delivery of healthcare in this new normal.

Our new webinar

Our webinar series: How COVID Has Changed the Delivery of Healthcare, gathers industry leaders to discuss pressing questions that explore where we are now and where we can expect to be in the future.

To kick off our pilot episode, we are joined by two top-tier professionals from CME Corp, Western Sales Manager, Shannon Trahan, and Chief Strategy Officer, Cindy Juhas. We also will be speaking with one of our own team members, the National Sales Director at Altus, Joe Hillebrand. Sarah Leitz, Director of Product Marketing at Altus, will be moderating the panel.

What viewers can expect

Gear up for an invigorating discussion that dives deep into the current issues hospitals are facing and the projections for healthcare in the future. Our panelists will answer a myriad of questions like,

  • How has COVID-19 changed the landscape for hospitals?
  • In what ways have hospitals and supporting industries embraced Telehealth, and is it here to stay?
  • What fundamental changes mark the healthcare industry, and how permanent are they?
  • What are both CMS and Altus doing to meet these new challenges and retain top-of-the-line service?

Why is the future of healthcare so important?

Substantial financial loss

On top of the devastating human toll, hospitals are facing a massive financial deficit. The American Hospital Association projects a $323 billion financial loss due to COVID-19 in 2020 and spending is far from decreasing.

Many hospitals will incur colossal infrastructure costs as they seek to redesign spaces and build multi-functional locations to maximize available space, which will ultimately serve more patients. Just to supply masks throughout the pandemic “hospitals were using 45 masks per patient per day,” Joe told listeners, and he said, “these infrastructure costs aren’t going away.”

Increased spending is just one piece of the puzzle. The spike in layoffs has also left many people uninsured, which presents important consequences and challenges to the way hospitals will operate in the future. “The long term impacts of uninsured people have yet to be realized. Nearly 5.4 million people and counting have lost their insurance, which creates a domino effect that negatively affects the hospitals too. This is really our big unknown,” Cindy discusses.

The future is digital

It’s no surprise that COVID-19 exploded the virtual necessities of all industries, and Telehealth was no exception. Though the technology has been available for years, telemedicine claims have risen by 4,500%, skyrocketing from 270,000 claims in April 2019 to 12 million in 2020.

The impacts of telehealth are only just beginning. This facet of the industry is expected to grow $175 billion by 2026 and will improve access to healthcare for patients around the country. The widespread growth of 5G networks will also advance speed and latency in the Telehealth space, extending the reach of quality healthcare to rural areas. “We were able to get a level of care in rural Texas that was surprising but incredibly amazing,” Sharron said about her first-hand experience with telehealth and her family.

Telehealth is far from the only area of healthcare projected to go digital. It can be expected that nearly all aspects of a hospital system will further adopt and utilize new technology. Virtual healthcare will continue to refine and optimize efficiency as time goes on.

Companies that drive innovation

To meet these needs, both CMS and Altus have redesigned their strategy to best suit their customers’ needs. This means prioritizing relationships, delivering quality products, and applying a bit of ingenuity to meet the challenges during this time.

CMS has added countless new products to its portfolio and Altus has done the same, working to deliver products that solve people’s problems today.

Tune in to hear more pressing facts, statistics, and analysis that will open your mind and help chart the future of healthcare delivery. Watch or listen to our first episode. Let’s talk about the future of healthcare together.

Audio Version

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