QuoteWizard Research Study Finds, Healthcare Spending Declines 43% for Hospitals Throughout Pandemic – PRNewswire

22September 2020

SEATTLE, Sept. 22, 2020/ PRNewswire/– QuoteWizard ®, a LendingTree business, and among the nation’s leading online insurance coverage marketplaces released a report on healthcare costs throughout the pandemic. The COVID-19 pandemic has seen a substantial shift in how hospitals and health care centers run due to an increase of clients coming in to be dealt with for COVID-19 and an even larger number of people avoiding routine and planned visits because of the elevated risks for contracting COVID-19.

With the billions in losses that medical facilities and health care facilities are dealing with might cause a variety of unfavorable results for the American people. Medical facilities’ capability to stay operational is one initial concern that stands out. Numerous healthcare facilities with installing financial obligations are merely not able to continue running and are forced to close their doors. Hospital closures are ending up being more common, specifically in backwoods where health care facilities are scarce. Currently in the first half of 2020, there have actually been 12 rural health center closures.

Go to the full report here, https://quotewizard.com/news/posts/hospital-expenses-increase-during-pandemic Secret Findings: Health care costs in April dropped for medical facilities (-43%), and physician workplaces( -37 %). There was a 77.87% reduction in in-person medical check outs from March to April 2020 compared to the exact same period in 2019. The AHA jobs health care system losses of$120.5 billion from July through December 2020, totaling$323.1 billion in losses for 2020.

  • Over the course of 2020, primary care practices are expected to lose $67,774 per full-time-equivalent doctor. The estimated expense to neutralize this income loss nationally would be $15.1 billion.
  • Methodology

    QuoteWizard examined State Health Gain access to Data Support Center to identify which specifies rank the greatest average company medical insurance premiums, and Kaiser Household Structure information on states with the highest health center expenditures per go to

    States with already high health center costs and health insurance premiums could see even higher rates affecting their bottom line over the next decade. Given the forecasted hospital debts, these states are most likely to see the biggest increase offered the expected high rate of growth.

    About QuoteWizard QuoteWizard (quotewizard.com) is an insurance comparison marketplace for customers looking to save on insurance coverage. QuoteWizard provides customers with direct access to thousands of certified agents in all 50 states, in addition to major carriers, who use personalized quotes and the chance to conserve as much as 40% on vehicle, house, health, and life insurance. Representatives and carriers, in turn, gain from countless extremely certified leads, calls, and traffic to their website. Based in Seattle, QuoteWizard was founded in 2006.

    For more information, go to quotewizard.com, like our Facebook page and/or follow us on Twitter @quotewizard.

    About LendingTree LendingTree (NASDAQ: TREE) is the nation’s leading online marketplace that links consumers with the choices they require to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing several offers from a nationwide network of over 500 partners in one simple search, and can select the option that best fits their monetary requirements. Services include home loan, home loan refinances, car loans, personal loans, business loans, student refinances, credit cards and more. Through the My LendingTree platform, consumers get free credit rating, credit monitoring, and suggestions to enhance credit health. My LendingTree proactively compares customers’ charge account against offers on our network and informs customers when there is an opportunity to save cash. In other words, LendingTree’s function is to help streamline monetary decisions for life’s significant moments through choice, education and assistance. LendingTree, LLC is a subsidiary of LendingTree, Inc.

    . Media Contacts:
    Emily: [email protected] Nathan: [e-mail protected]

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    https://quotewizard.com/news/posts/hospital-expenses-increase-during-pandemic SOURCE QuoteWizard Source: prnewswire.com

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