Healthcare DIVE September 27, 2021
Dive Brief:
- Surging COVID-19 cases and hospitalizations spurred by the delta variant slammed U.S. hospitals and health systems in August, according to Kaufman Hall’s latest hospital flash report.
- Hospital margins in the month were below pre-pandemic levels from 2019, not including federal relief funding from the Coronavirus Aid, Relief and Economic Security Act passed last March. Most volume metrics were also down compared to pre-COVID-19, but up from historic lows notched in the first eight months of 2020 when pandemic mitigation measures hampered demand.
- However, average length of stay increased compared to 2019 and 2020, as hospitals saw a rise in high-acuity cases requiring longer stays. Meanwhile, expenses continued to rise, while revenues increased for a sixth consecutive month,...
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