Hospitals Losing Billions As Elective Procedures Are Paused

Hospitals Losing Billions As Elective Procedures Are Paused

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Health Sciences, Social Studies, Biology

University

Hard

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During the COVID-19 outbreak, hospitals are losing over $50 billion monthly due to paused elective procedures, which form a significant part of their revenue. Elective procedures include surgeries like colonoscopy and hip replacement. Meanwhile, health insurance companies are seeing increased profits as the delay in procedures offsets the costs of COVID-19 care. Experts suggest that normal levels of elective procedures will resume only after a COVID-19 treatment or vaccine is developed, and hospitals may take years to recover financially.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated monthly financial loss for hospitals due to the pause in elective procedures during the COVID-19 pandemic?

$100 billion

$200 billion

$50 billion

$10 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of hospital revenues is typically generated from surgical stays?

25%

48%

60%

75%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are health insurance companies financially affected by the COVID-19 pandemic?

They are experiencing losses.

Their profits are decreasing.

Their profits are increasing.

They are unaffected.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is offsetting the additional costs of COVID-19 patient care for insurance companies?

Reduced administrative costs

Delays in elective procedures and preventative care

Government subsidies

Increased premiums

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to medical experts, when will doctors be able to resume normal levels of elective procedures?

Never

Immediately

In a few months

Once a COVID-19 treatment or vaccine is developed