https://www.mddionline.com/sites/all/themes/penton_subtheme_mddionline/images/logos/footer.png
mddionline.com
7 Reasons for Medtech to Be Thankful in 2021
Amanda Pedersen Nov 23, 2021

1 7

X

1 7

ADVERTISEMENT
Hospitals Are Getting Better at Juggling
Image by Duncan Taylor / Stockimo / Alamy Stock Photo

Although the COVID-19 Delta wave and hospital labor shortages did take a hefty toll on revenue for many companies in the third quarter, there is a silver lining. During recent earnings calls, several medtech executives mentioned that hospitals are getting better at juggling COVID cases with elective (or deferrable) surgery. COVID-19 will continue to be a wildcard in terms of forecasting financial results, but we expect surges in COVID cases to have a smaller impact on procedure volumes over time.

“Hospitals, just like anybody else, they innovate, and they find a way,” Boston Scientific CEO Mike Mahoney said. “… I think the [COVID] surges will calm, and the staffing shortages will likely linger a bit. But hospitals are pretty resilient in figuring out ways to drive volume.”

Next Up
What Healthcare Jobs Will We See in the Future?
Start Slideshow ›