American Hospital Association October 16, 2020
A recent article from Axios attempts to say that the hospital and health system field is not being negatively impacted financially by the pandemic. The article ignores the diverse experiences of hospitals during the pandemic, particularly those that are under significant financial pressure.
According to our own estimates, the hospital field is estimated to lose at least $323 billion this year alone due to lost revenue from canceled or postponed services and costs associated with treating COVID patients. In addition, an analysis prepared by Kaufman, Hall & Associates, LLC and released by the AHA this summer found that without further government support, average hospital margins could sink to -7% in the second half of 2020, with half of all hospitals...
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