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U.S. hospitals are suffering financial damage due to COVID-19 pandemic, Kaufman Hall finds

The nation’s hospitals are struggling considerable monetary destruction as a outcome of the COVID-19 pandemic reaction. Kaufman Hall’s details from additional than 800 U.S. hospitals show that volume and revenue declines, along with flat to mounting fees, resulted in a remarkable fall in margin in just a issue of weeks, plunging nonprofit hospitals, which traditionally work on slim margins, deep into the pink.

Seeking at earnings ahead of curiosity, taxes, depreciation and amortization, hospitals’ functioning margins fell additional than one hundred% in March, dropping a full thirteen share details relative to previous 12 months. When compared to most months, that’s

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