AAMC-CFAS News highlights new Harvard Medical School, ABFM joint study: Potential $15 billion hit to primary care physicians from COVID-19
Submitted: June, 2020
Medical practices across the United States have been hit hard by the COVID-19 outbreak.
The new study by researchers from Harvard Medical School and the American Board of Family Medicine attempts to put a price tag on that hit by running a microsimulation for projected 2020 revenues based on volume data for general practices, general internal medicine practices, general pediatric practices and family medicine practices.
As a result, they concluded that the average revenue loss per practice per physician will be $67,774, even taking into account revenue generated by telemedicine visits, which did not make up for the massive loss of patient volume during the spring.
