Healthcare Finance News April 21, 2020
Margins dipped significantly across broader health systems, which include substantial physician and ambulatory operations outside of the hospital.
The nation’s hospitals are suffering significant financial damage as a result of the COVID-19 pandemic response. Kaufman Hall’s data from more than 800 U.S. hospitals show that volume and revenue declines, along with flat to rising expenses, resulted in a dramatic fall in margin within a matter of weeks, plunging nonprofit hospitals, which historically operate on thin margins, deep into the red.
Looking at earnings before interest, taxes, depreciation and amortization, hospitals’ operating margins fell more than 100% in March, dropping a full 13 percentage points relative to last year. Compared to most months, that’s a much greater change. Operating EBITDA margin...
Today's Sponsors
Today's Sponsor