The COVID-19 Pandemic continues to impact operations of a pediatric office. From the business perspective of total visits to the office, the average practice continues to see less well and sick patients when compared to the pre-COVID-19 Pandemic. While the United States economy moves forward since the original lock-down, the COVID-19 disease has spread…
As the business model continues to migrate from Fee For Service (FFS) payment toward quality care payments, the incentive payments and approach of Pediatric practices can change. It is interesting to note that many quality programs provided by payers have a minimum practice panel size. The reason for this is there needs to…
There are two potential CARES Act Programs that provide support funding to Pediatric practices. The Paycheck Protection Program (PPP): This loan to grant program provides a SBA loan to Pediatric groups for which the most to all of the loan amount can be forgiven (grant). Most Pediatric groups applied in early…
The COVID-19 Pandemic caught the entire nation by surprise in March. On March 13th, President Trump declared a state of emergency and by March 16th every state declared a state of emergency. The Pandemic and the state of emergency caused shutting down activities, schools, work, stores, offices and travel. Initially, many individuals hoped the…
Since Mid-March, many parents were home watching the news that runs constantly and seeing images of NYC Hospitals as well as the daily updates from the White House team on the pandemic. The environment of children and adults being at home reduces contact for COVID-19 as well as other diseases/conditions that result in patients going…
Visits in pediatric practices were as expected through the week ending Saturday, March 14th, 2020. Starting Monday, March 16th, the impact of businesses and school closures as well as the awareness of COVID-19 pandemic had a significant impact on the engagement of patients with pediatric practices. The COVID-19 Pandemic is an event that pediatric practices…
Ken Dominy There are many components to operating an independent Pediatric Medical Practice. The core function of Pediatric practices is managing patients effectively for their well being. Decades ago, the Healthcare market was a simpler design – a Medical practice developed a fee schedule and charged patients based on the fee schedule for procedures…
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