Healthcare Finance News April 2, 2020
Revenue is tanking, while expenses are going up, as organizations prepare for big surges in coronavirus cases.
It’s no secret that the world economy is straining under the weight of the coronavirus. Virtually every sector of the economy is being affected. Hospitals are on the front lines and vulnerable to this economic disruption as they face supply chain challenges and hits to their revenue from the cancellation of elective surgeries. Nonprofit hospitals are expected to have a particularly difficult go of things as the virus continues to spread.
In a business sense, one of the hospital industry’s big headaches is the effect the coronavirus is having on liquidity and investment portfolios. The effect, to put it simply, isn’t very good.
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