COVID-19 has created a financial crisis for many U.S. hospitals, with no easy way out.
The math is simple: During the pandemic, hospitals lost a huge source of revenue from elective procedures while experiencing a dramatic uptick in costs, as facilities purchase more gear to cope with the surge of infected patients, some of whom are uninsured. “They are increasing unanticipated costs and decreasing any revenue you have to offset it,” Halee Fischer-Wright, MD, MMM, the president and