Becker's Healthcare December 8, 2021
A report by credit ratings agency Fitch Ratings concludes that the omicron coronavirus variant, although highly transmissible, will not have a major effect on nonprofit hospital operations and cash flows.
Despite this, hospitals are preparing for another COVID-19 surge this winter, and if omicron turns out to be more dangerous than anticipated, it could create more challenges on operating margins, according to a Dec. 8 report, which was emailed to Becker’s.
Lower rated and generally smaller hospitals operating with little capacity are less suited to handle financial problems. These challenges include a decline in reimbursement, lower elective volumes and increases in expenses, according to the report.
Higher rated hospitals have more flexibility to...
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