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Home » Hospital traffic continues to moderately decline, Jeffries reports

Hospital traffic continues to moderately decline, Jeffries reports

July 31, 2020 By Sean Whooley

COVID-19 Coronavirus
[Image from Unsplash]
Market researcher Jefferies reports that hospital traffic in the U.S. remains on a moderate decline over the past four weeks through July 26.

Seeking to inform the recovery in medical procedures after the COVID-19 pandemic caused the delay or deferral of them over the past five months or so, Jefferies is observing 3,300 U.S. hospitals on a weekly basis, according to its analysis.

As of July 26, the analysts had the hospital traffic index at 58.7, slightly down from the previous week’s total of 59.1. Currently, hospital traffic is down 15.2% from late June.

The index had hit its most recent high of 69.2 on June 28, but that further illustrates a decline from the beginning of the pandemic in March, when the index sat around 90 points. In the months prior to that, the index remained around the 100-point mark.

 

In recent earnings reports, various executives at companies that have felt the financial wrath of deferred procedures have stated their expectation that those procedures will resume.

Stryker (NYSE:SYK) CEO Kevin Lobo noted that his orthopedic device-making company is “poised to capitalize on the broader resumption of deferrable surgeries.” Boston Scientific CEO Mike Mahoney said in the company’s earnings call that there was a recent uptick in endoscopic retrograde cholangiopancreatography (ERCP) procedures, as well as in colonoscopies.

Filed Under: Business/Financial News, Hospital Care, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Boston Scientific, coronavirus, COVID-19, Stryker

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About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at [email protected].

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