Becker's Healthcare March 5, 2021
Many hospitals across the country took a financial hit from the COVID-19 pandemic, but some large health systems were still profitable in 2020.
The pandemic resulted in lower patient volumes and higher expenses for U.S. hospitals last year, and the financial damage may continue this year. The pandemic could cause hospitals to lose between $53 billion and $122 billion in revenue in 2021, according to a recent study by healthcare consulting firm Kaufman Hall commissioned by the American Hospital Association.
While many hospitals face financial hardships, several large health systems that have released financial results for last year reported net income of $1 billion or more. Their financial performance was fueled by several factors, including higher investment returns...
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