2020
DOI: 10.18203/2394-6040.ijcmph20202507
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Implications and future strategies on cost management for hospitals during and after COVID-19

Abstract: The coronavirus disease (COVID-19) pandemic is throwing a new factor into hospitals calculations about how to proceed with current and future healthcare strategy implementations. As entire nations encourage their populations to remain stay home, quarantine, avoid coming out and wear masks till lockdown open, while healthcare providers doctors, nurses, technicians and other administrative staffs are more active than ever in response to the outbreak of the novel coronavirus. We expect a significant increase in c… Show more

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Cited by 8 publications
(7 citation statements)
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“…In contrast, other hospitals will experience mostly sharp reductions in elective and outpatient payments, which will create unprecedented financial challenges for HCO [ 89 ]. However, in addition to the higher costs of HCWs and resources, researchers found higher costs of treatment due to extra diagnostic tests and isolation costs [ 90 ].…”
Section: Discussionmentioning
confidence: 99%
“…In contrast, other hospitals will experience mostly sharp reductions in elective and outpatient payments, which will create unprecedented financial challenges for HCO [ 89 ]. However, in addition to the higher costs of HCWs and resources, researchers found higher costs of treatment due to extra diagnostic tests and isolation costs [ 90 ].…”
Section: Discussionmentioning
confidence: 99%
“…This contributed to reassurance of the public about safety of care and protected staff who were not directly caring for COVID-19 patients. The need for medical providers to resume elective procedures as an important source of income, in face of the heavy medical costs of the pandemic, might be another motive for the increase in MRI activity [ 31 ]. These measures might explain the phenomenon demonstrated during the second wave.…”
Section: Discussionmentioning
confidence: 99%
“…In contrast, other hospitals will experience mostly sharp reductions in elective and outpatient revenues, which will create unprecedented financial challenges for HCOs [80]. However, in addition to the greater costs of HCWs and resources, researchers found higher costs of treatment occurred as a result of extra diagnostic tests and isolation costs [81].…”
Section: The Financial Dimension In Covid-19mentioning
confidence: 99%