US Industry for Hospitals and Health Systems - Shortage of Physicians Could Reach 139,000 by 2033

Dublin, Dec. 17, 2020 (GLOBE NEWSWIRE) -- The "2020 Hospitals and Health Systems Market Report" report has been added to ResearchAndMarkets.com's offering.

In 2020 hospitals became overwhelmed with COVID-19 patients and experienced extreme revenue losses as elective procedures halted. HIDA's 2020 Hospitals and Health Systems Market Report analyzes the major market trends impacting the industry including impacts of COVID-19, the pandemic's impact on staffing challenges, and reimbursement trends.

• Hospitals and health systems are expected to lose $323 billion in 2020

• due to COVID-19

• Volumes decreased 35% in operating rooms and 42% in emergency departments during the first several months of the pandemic

• Shortage of physicians could reach 139,000 by 2033

Key Topics Covered:

• Executive Summary

• Market Overview

• COVID-19 Causes Severe Financial Losses For Hospitals

• Operating Room And Emergency Department Volumes Decline During COVID-19

• Cares Act Provider Relief Fund Distributes $175 Billion

• To Hospitals And Healthcare Providers

• Majority Of Hospitals Don't Believe Government Funding Is Enough To Offset Losses

• Medical Supplies/PPE Top Concern During COVID-19

• Hospitals By The Numbers

• Most U.S Community Hospitals Are Not-For-Profit And Part Of A System

• Majority Of Hospitals Are Short-Term Acute Care And Have Fewer Than 100 Beds

• Nation's Largest Integrated Delivery Networks Own 50 Or More Hospitals

• Independent Hospitals Revenue Growing At A Faster Pace Than IDNs

• Hospital Margins Still Negative But Improve Slightly

• Outpatient Services Grow 7.4% Year-To-Year

• COVID-19 Creates Uncertainty For Future Medical Costs

• Hospital Stays Longer Than 3 Days Continue To Decline

• Rural Patients Travel For Care

• Urban And Rural Hospitals See Stays And Medicare Margins Decline

• Registered Nurse Turnover Costs Hospitals $3.6-$6.1 Million Annually

• Over One-Third Of Hospitals Have Vacancy Rates Over 10%

• Shortage Of Nearly 100,000 Physicians Expected By 2033

• Over 900 Healthcare Workers Die From COVID-19

• More Than 150,000 Hospital Jobs Lost During First 3 Months Of Pandemic

• COVID-19 Causes Stress, Depression, And Anxiety For Hospital Workers

• Majority Of Providers Not Ready For Post-COVID-19 Telehealth Push

• Providers Target Capital Expenditures, Labor For Cost Reduction

• Artificial Intelligence, Electronic Health Records Top Technology Investments

• Majority Of Hospital Leaders Use Technology To Better Understand Costs

• Supply Chain Management Important To Reaching Organizational Goals

• COVID-19 Highlights Importance Of Supply Chain

• 72% Of Hospital Purchases Are Through A GPO

• Pandemic Increases Merger And Acquisition Plans

• GHX Reports $28.8 Billion In Hospital Sales Through Distribution In 2019

• GHX Lists Top Hospital Products Sold Through Distribution

For more information about this report visit https://www.researchandmarkets.com/r/nr48hw

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