| Literature DB >> 34304210 |
Divya Agarwal1, Rohit Saxena1, Rajesh Sinha1, Deepak Mishra2, Mahipal S Sachdev3, Namrata Sharma1.
Abstract
PURPOSE: A survey was conducted by the All India Ophthalmological Society (AIOS) to document the initial coronavirus disease 2019 (COVID-19)-related financial impact on ophthalmology practice in India. It also assessed various measures taken by ophthalmologists and the possible role of AIOS in mitigating the economic crisis.Entities:
Keywords: COVID-19; COVID-19 lockdown India; Coronavirus; SARS CoV-2; economic impact; financial distress; ophthalmologists; ophthalmology
Mesh:
Year: 2021 PMID: 34304210 PMCID: PMC8482930 DOI: 10.4103/ijo.IJO_1116_21
Source DB: PubMed Journal: Indian J Ophthalmol ISSN: 0301-4738 Impact factor: 1.848
AIOS Survey on the Financial Impact of COVID-19 on Ophthalmology Practice in India – Questionnaire
|
|
| <35 years |
| 35–50 years |
| 50–65 years |
| >65 years |
|
|
| Male |
| Female |
| Other |
|
|
| Solo private practice |
| Group private practice |
| Salaried – private hospital chain/charitable organizations/NGO hospital |
| Government employee |
| PG resident/fellow |
| Unemployed |
|
|
| Metropolitan/Tier 1 city |
| Tier 2 city |
| Tier 3 city |
| Rural area |
| Intercity travel |
|
|
| Comprehensive ophthalmology and cataract |
| Cataract and refractive surgery |
| Cornea, cataract, and refractive surgery |
| Glaucoma |
| Retina and/or uvea |
| Pediatric ophthalmology and strabismus and/or neuro-ophthalmology |
| Oculoplasty and/or ocular oncology |
| Community ophthalmology |
|
|
| <5 years |
| 5–10 years |
| 10–20 years |
| >20 years |
|
|
| <10% of pre-COVID-19 times |
| 10–25% of pre-COVID-19 times |
| 26–50% of pre-COVID-19 times |
| 51–75% of pre-COVID-19 times |
| >75% of pre-COVID-19 times |
| Same as compared to pre-COVID |
|
|
| <10% of pre-COVID-19 times |
| 10–25% of pre-COVID-19 times |
| 26–50% of pre-COVID-19 times |
| 51–75% of pre-COVID-19 times |
| >75% of pre-COVID-19 times |
| Same as compared to pre-COVID-19 |
|
|
| No such impact |
| <25% increase |
| 25–50%increase |
| >50? increase |
|
|
| Did think about it, but have not done it as yet |
| Had to lay off |
| Will continue with the same strength despite challenges |
|
|
| No experience with teleophthalmology |
| It did not match my expectation and not many of my patients were benefitted. |
| It benefitted my patients, and I am satisfied. |
| It was billed similar to my OPD face-to-face consultation charges. |
| It was billed lower than my usual consultation charges. |
| It was not billed. |
|
|
| No |
| Yes |
|
|
| It will not have any major impact on me. |
| My practice will shrink in volume. |
| It will cause serious financial distress but will continue my practice. |
| It will be difficult to continue practice and will likely close down till situation gets normalized. |
|
|
| Revenue loss which will take long time to recover |
| Preexisting debt of loans/mortgages |
| Increased running costs |
| No such concern |
|
|
| Increasing the costs of OPD consultations, services, and procedures |
| Increasing working hours of hospitals |
| Collecting outstanding payments/debts from insurance companies, government panels |
| Taking loans from banks, money lending agencies |
| Utilizing cash reserves, fixed deposits, and mutual funds |
| Shift to group practice or collaborations |
| No such plans |
|
|
| Cutting salaries of employees |
| Laying off employees/hiring on contractual basis |
| Delaying payments and extension of annual maintenance contract (AMC)/comprehensive maintenance contract (CMC) |
| Cost cutting by better inventory management and other measures |
| No such plans |
| Taking moratorium on existing loans |
|
|
| Cutting expenditure on nonessential services |
| Trying to save more money than pre-COVID-19 times |
| Diversifying savings in various investments like fixed deposits, mutual funds, sovereign bonds, etc. |
| Taking short-term or long-term loans |
| No such impact on my personal finances |
|
|
| Yes |
| No |
| Not sure |
|
|
| Strong advocacy with government for economic relief, stimulus package, subsidized loans, etc. |
| Coordinate with industry to delay payments and extension of annual maintenance contract (AMC)/comprehensive maintenance contract (CMC) |
| Coordinate with lending institutions like banks for financial aid or delaying loan repayments |
| Create a teleophthalmology platform |
| Any other suggestion |
| Other: |
|
|
| Yes |
| No |
| Yes, but not acceptable |
|
|
| Yes, AIOS intervention is likely to make a significant impact on the final restructured terms. |
| No, I am able to get a better deal on my own. |
|
|
| Yes |
| No |
| Maybe |
| If yes, would you still pursue it or are you putting it on hold__________________ |
|
|
| Yes |
| No |
| Maybe |
| If so, by how much percent? |
|
|
| No |
| Yes |
| If yes, from fixed to variable reduction |
| If yes, from fixed to fixed reduction |
|
|
Baseline characteristics of participants
| Parameter | Baseline characteristics ( |
|---|---|
| Age group | |
| <35 years | 110 (10.8%) |
| 35-50 years | 377 (36.7%) |
| 50-65 years | 472 (46%) |
| >65 years | 67 (6.5%) |
| Gender | |
| Male | 852 (83%) |
| Female | 174 (17%) |
| Type of practice | |
| Solo private practice | 538 (52.4%) |
| Group private practice | 90 (8.8%) |
| Salaried - Private hospital chain/Charitable organizations/NGO hospital | 325 (31.7%) |
| Government employee | 44 (4.3%) |
| PG resident/fellow | 22 (2.1%) |
| Unemployed | 7 (0.7%) |
| Area of Practice[ | |
| Metropolitan/Tier 1 city | 488 (47.6%) |
| Tier 2 city | 342 (33.3%) |
| Tier 3 city | 148 (14.4%) |
| Rural area | 43 (4.2%) |
| Intercity travel | 5 (0.5%) |
| Type of Subspecialty | |
| Comprehensive ophthalmology and cataract | 498 (48.5%) |
| 197 (19.2%) | |
| Cataract and refractive surgery | 81 (7.9%) |
| Cornea, cataract, and refractive surgery | 25 (2.4%) |
| Glaucoma | 182 (17.7%) |
| Retina and/or uvea | |
| Pediatric ophthalmology and strabismus and/or neuro-ophthalmology | 17 (1.7%) |
| Oculoplasty and/or ocular oncology | 19 (1.9%) |
| Community ophthalmology | 7 (0.7%) |
| Number of years into practice | |
| <5 years | 124 (12.1%) |
| 5-10 years | 90 (8.8%) |
| 10-20 years | 274 (26.7%) |
| >20 years | 538 (52.4%) |
NGO=Nongovernmental organization, PG=Postgraduate
Multivariate analysis of various parameters related to serious financial distress
| Parameter | Odds Ratio (95% Confidence Interval) |
|
|---|---|---|
| Practice in private sector (vs. government sector) | 4.04 (2.62-6.23) | <0.0005 |
| Practice in metropolitan/Tier 1 city (vs. others) | 3.78 (2.75-5.21) | <0.0005 |
| Salaried (vs. rest including self-employed) | 1.70 (1.24-2.33) | <0.001 |
| Comprehensive ophthalmology (vs. rest including specialty practice) | 0.67 (0.49-0.91) | <0.01 |
| Years into practice >10 years (vs. <10 years into practice) | 0.30 (0.20-0.45) | <0.0005 |
Possible measures planned by organizations to increase revenue
| Measure | No. of Respondents (%) ( |
|---|---|
| Increasing the costs of OPD consultations, services, and procedures | 285 (27.7%) |
| Increasing working hours of hospitals | 453 (44.2%) |
| Collecting outstanding payments/debts from insurance companies, government panels | 345 (33.6%) |
| Taking loans from banks, money lending agencies | 63 (6.1%) |
| Utilizing cash reserves, fixed deposits, and mutual funds | 226 (22%) |
| Shift to group practice or collaborations | 75 (7.3%) |
| No such plans | 141 (13.7%) |
OPD=Outpatient department
Possible measures planned by organizations to decrease hospital running expenditure
| Measure | No. of respondents (%) ( |
|---|---|
| Cutting salaries of employees | 580 (56.5%) |
| Laying off employees/hiring on contractual basis | 367 (35.8%) |
| Delaying payments and extension of annual maintenance contract/comprehensive maintenance contract | 435 (42.4%) |
| Cost cutting by better inventory management and other measures | 554 (54%) |
| Taking moratorium on existing loans | 75 (7.3%) |
| No such plans | 112 (10.9%) |
Possible measures planned by ophthalmologists to manage personal finances
| Measure | No. of respondents (%) ( |
|---|---|
| Cutting expenditure on nonessential services | 878 (85.6%) |
| Trying to save more money than pre-COVID-19 times | 683 (66.6%) |
| Diversifying savings in various investments like fixed deposits, mutual funds, sovereign bonds, etc. | 162 (15.8%) |
| Taking short-term or long-term loans | 61 (6%) |
| No such impact on my personal finances | 74 (7.2%) |
Possible measures that can be attempted by AIOS to help its members
| Measure | No. of respondents (%) ( |
|---|---|
| Strong advocacy with government for economic relief, stimulus package, subsidized loans, etc. | 805 (78.5%) |
| Coordinate with industry to delay payments and extension of annual maintenance contract/comprehensive maintenance contract | 746 (72.7%) |
| Coordinate with lending institutions such as banks for financial aid or delaying loan repayments | 210 (20.5%) |
| Create a teleophthalmology platform | 257 (25%) |
AIOS=All India Ophthalmological Society