HealthLeaders Media January 5, 2022
COVID-19 cases are skyrocketing, sapping the staff and resources at nearly all hospitals. But this care brings in little revenue, and it comes at the expense of elective procedures that do.
KEY TAKEAWAYS
– COVID-19 care is basically nursing care, not doctor care, and adds little to the revenue generated at any hospital.
– The nation’s hospital and ICU beds are overwhelmed with COVID-19 patients, forcing most to delay or cancel elective procedures that can generate welcomed funds.
– Hospitals need new strategies to diversify operations, facilities and locations, and to form partnerships that can help generate profits from non-traditional sources.
As the COVID-19 pandemic continues to surge, this time from both the Delta and the Omicron variants, hospitals and...
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