Industry Insights

Over the last 50 years, the healthcare industry in the United States has seen a steady increase in job growth. Even during past recessions, healthcare jobs have remained secure and, in many ways, remained insulated from typical business cycles.

Every aspect of the healthcare industry is feeling the impact of both the COVID-19 pandemic and the pandemic response.

For the first time in more than 20 years, government officials, providers, health plans and employers are recommending telehealth as the first choice for care, as opposed to an alternative – due to the coronavirus (COVID-19) pandemic.

While some health facilities have experienced record numbers of patients in need of care, some primary care practices have reported up to a 70% drop in the services they are providing, while many hospitals have frozen salaries or furloughed clinical staff

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The strain on resources, the pressure on frontline workers and the financial risks to provider organizations demanded wide-scale changes take place at a rapid pace.

When the COVID-19 virus began to spread across continents in early 2020, it became clear the burden that would fall on the healthcare industry in all US 50 states.

As healthcare workers and executives on the frontlines fight to control the spread, COVID-19 has infected more than two million people, causing at least 159,000 deaths around the world.

With many states operating under ‘stay at home’ orders and hospitals in major cities facing an overwhelming volume of patients, the COVID-19 pandemic is changing daily life in the US.