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

Research and Markets
·2-min read

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

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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