Hospitals could struggle — and more will go bankrupt — until they get patients back in the door

CNBC June 7, 2020
Christina Farr

Key Points

– Many hospitals operated with thin margins before the Covid-19 crisis.

– April was one of the worst months ever for hospital operating margins, according to strategic consultant Nathan Kaufman.

– Telemedicine is helping stem some of the losses, but hospital execs say it’s not enough.

Hospitals across the United States are desperately trying to ramp up volume after months where they saw far fewer patients than usual.

In March and April, many hospitals cancelled or delayed elective procedures to make space for a potential flood of Covid-19 patients. Because of that, hospitals were losing millions of dollars per day just staying open. In April, the American Hospital Association estimated that hospitals were bleeding...

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