Healthcare Finance News March 20, 2020
Because there’s such a high level of uncertainty, the risk of a more severe economic impact is elevated and expenses will rise.
The financial outlook for the nonprofit public healthcare sector in the U.S. has changed from stable to negative, primarily because of the effects of the COVID-19 coronavirus outbreak, according to Moody’s Investor Service.
The sector will likely see lower cash flow compared to 2019, although it’s difficult to estimate a specific range due to the rapid and unpredictable nature of the outbreak. Revenue will likely decline as an increasing number of hospitals cancel more profitable elective surgeries or procedures and halt other services in preparation for a surge in coronavirus cases.
At the same time, expenses will rise,...
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