How COVID-19 Has Reshaped the Healthcare Industry

The challenges the healthcare industry faced from the novel coronavirus changed how the industry functioned. Essential elements such as patient care and budgets experienced great struggle and tested a facility's ability to balance and maintain primary focus areas. Here, we explore how COVID-19 has reshaped the healthcare industry and what the potential future of medicine has in store.

Facility Finances

With every facility facing new patient demands, the financial obligations and requirements to maintain the facility are changing. Many needed to reduce or cut the number of elective surgeries they performed to increase overall safety, which required a budgetary loss.

An excellent way to alleviate these budget demands is to consider medical equipment leasing solutions. This is an affordable and safe way to maintain the inventory supply of needed equipment while experiencing financial changes.

Staffing

Staffing shortages were one of the pandemic's natural consequences because of family demands, burnout, and illness. While many facilities hustled to acquire PPE inventory and additional devices, the balance in staff did not match. New and continued care plans are helping facilities alleviate the staffing shortage and pooling staff to meet the needs of one facility over another.

Patient Care

With facilities turning to staff and device pooling, patient care is shifting to incorporate technological advancements while meeting new needs. Telehealth is on the rise, and this helps reduce staff demands. Initially, telehealth was a convenient way to see patients who did not need emergency treatment.

Nearly overnight, these advancements and services went from convenient to essential. This improved patient care strategy significantly impacted how COVID-19 has reshaped the healthcare industry.

Supply Chain

A silver lining to COVID-19 was an increased awareness of supply chain issues and inventory requirements. PPE supplies and life-saving medical devices experienced hardships and forced facilities to get creative and change their approach. Now that these issues are in the light, administration and vendors can shift their work processes to find solutions for the future.

To learn more about leasing medical devices and equipment, reach out to Med One Group today. We offer professional and safe agreements to work with your facility's ever-changing demands.