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2020 Hospitals and Health Systems Market Report

  • ID: 5221341
  • Report
  • December 2020
  • Region: Global
  • 32 Pages
  • Health Industry Distributors Association (HIDA)
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In 2020 hospitals became overwhelmed with COVID-19 patients and experienced extreme revenue losses as elective procedures halted. The 2020 Hospitals and Health Systems Market Report analyzes the major market trends impacting the industry including impacts of COVID-19, the pandemic’s impact on staffing challenges, and reimbursement trends.

  • Hospitals and health systems are expected to lose $323 billion in 2020
  • due to COVID-19
  • Volumes decreased 35% in operating rooms and 42% in emergency departments during the first several months of the pandemic
  • Shortage of physicians could reach 139,000 by 2033
Note: Product cover images may vary from those shown
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  • Executive Summary
  • Market Overview
  • COVID-19 Causes Severe Financial Losses For Hospitals
  • Operating Room And Emergency Department Volumes Decline During COVID-19
  • Cares Act Provider Relief Fund Distributes $175 Billion
  • To Hospitals And Healthcare Providers
  • Majority Of Hospitals Don’t Believe Government Funding Is Enough To Offset Losses
  • Medical Supplies/PPE Top Concern During COVID-19
  • Hospitals By The Numbers
  • Most U.S Community Hospitals Are Not-For-Profit And Part Of A System
  • Majority Of Hospitals Are Short-Term Acute Care And Have Fewer Than 100 Beds
  • Nation’s Largest Integrated Delivery Networks Own 50 Or More Hospitals
  • Independent Hospitals Revenue Growing At A Faster Pace Than IDNs
  • Hospital Margins Still Negative But Improve Slightly
  • Outpatient Services Grow 7.4% Year-To-Year
  • COVID-19 Creates Uncertainty For Future Medical Costs
  • Hospital Stays Longer Than 3 Days Continue To Decline
  •  Rural Patients Travel For Care
  • Urban And Rural Hospitals See Stays And Medicare Margins Decline
  • Registered Nurse Turnover Costs Hospitals $3.6-$6.1 Million Annually
  • Over One-Third Of Hospitals Have Vacancy Rates Over 10%
  • Shortage Of Nearly 100,000 Physicians Expected By 2033
  • Over 900 Healthcare Workers Die From COVID-19
  • More Than 150,000 Hospital Jobs Lost During First 3 Months Of Pandemic
  • COVID-19 Causes Stress, Depression, And Anxiety For Hospital Workers
  • Majority Of Providers Not Ready For Post-COVID-19 Telehealth Push
  • Providers Target Capital Expenditures, Labor For Cost Reduction
  • Artificial Intelligence, Electronic Health Records Top Technology Investments
  • Majority Of Hospital Leaders Use Technology To Better Understand Costs
  • Supply Chain Management Important To Reaching Organizational Goals
  • COVID-19 Highlights Importance Of Supply Chain
  • 72% Of Hospital Purchases Are Through A GPO
  • Pandemic Increases Merger And Acquisition Plans
  • GHX Reports $28.8 Billion In Hospital Sales Through Distribution In 2019
  • GHX Lists Top Hospital Products Sold Through Distribution
Note: Product cover images may vary from those shown