Nearly a quarter of healthcare markets are designated as the highest risk for market disruption due to the pandemic.
Array Advisors released a map Tuesday afternoon of over 100 healthcare markets most likely to be disrupted by the ongoing coronavirus disease 2019 (COVID-19) outbreak.
The map, which analyzes 111 healthcare markets across the country, ranks the level of potential disruption on a scale of one to five, with five being the most likely for disruption.
Nearly a quarter of healthcare markets are designated level 5, the highest risk for market disruption due to the pandemic.
Some of the markets most likely to be disrupted include the Orlando-Kissimmee-Sanford metropolitan area, Colorado Springs, Austin-Round Rock metropolitan area, and Boise City.
Related: See When States Will Face Hospital Bed Capacity Shortages During COVID-19 Outbreak
Array noted in a press release that several factors affect a market's vulnerability to disruption by the coronavirus, including a significant decline in the number of commercially insured lives in the region and the emergence of telehealth services overtaking physician practices.
Other factors include bed supply excess, market concentration, capital position, and the existence of a state certificate of need program.
"The coming shift in competitive dynamics is unprecedented in the experience of the modern healthcare industry," the statement read. "While urgent care and other more recent innovations have disrupted parts of the healthcare ecosystem in the recent past, their impact has ultimately been additive to the status quo, resulting in greater healthcare spending rather than replacing existing providers and business models. The new normal after COVID-19 will be a fundamentally restructured healthcare market."
Jack O'Brien is the Content Team Lead and Finance Editor at HealthLeaders, an HCPro brand.