As we move into the "new normal' of post pandemic healthcare patients will move toward remote visitations, whenever possible, avoiding the danger of office waiting rooms and symptomatic patients. Healthcare consumers will force this Digital Transformation, starting with ‘telehealth’ and ultimately wanting to see their healthcare providers adding other services that allow them to communicate similarly to how they communicate with other vendors, like hotels and airlines, where they have much more control over their scheduling experience.
Most practices will witness a significant drop in patient office visits. This will force clinics and providers to rethink how they deliver care. Supporting patients with chronic illnesses using remote monitoring is one example that will encourage patients and providers to adopt new technologies together. As an example, remote patient monitoring has been around for a decade and may have taken another ten years to implement into full adoption, but with a renewed focus on Hospital at Home from major providers, most clinics will be implemented by the end of 2021.
This is going to be a major revolution across the nation. It may force the closure of thousands of clinics and see more than 50,000 providers go out of business or forced into early retirement. Karma Health Partners is here to help, we have designed a methodology to drive success through process and technology that we know will get your clinic back to financial sustainability while building for an even brighter financial future.