A new report from Kaufman Hall examines two potential financial situations for hospitals in 2021 — one optimistic, and the other bleak. Hospitals could lose between $53 billion and $122 billion depending on which scenario plays out.
The financial futures of U.S. hospitals remain shaky, as Covid-19 cases and hospitalizations surge with alarming speed nationwide. Though vaccines are being distributed, the coming months will be challenging for hospitals, a new report from Kaufman Hall shows.
What You Should Know: – October was a challenging month for hospitals and health systems nationwide amid ongoing instability spurred by the COVID-19 pandemic, according to Kaufman Hall’s latest Hospital Flash Report. – Margins and volumes fell, revenues flattened, and expenses rose as COVID metrics… Read More »Hospitals Hit with Low Volumes, High Expenses, Poor Margins as COVID-19 Cases Mount
What You Should Know: – Nearly three-quarters of hospital leaders are either moderately (52%) or extremely (22%) concerned about the financial viability of their organizations without an effective treatment or vaccine for COVID-19, according to a new report from Kaufman Hall entitled, “2020 State of… Read More »Impact of COVID-19: 2020 State of Healthcare Performance Improvement Report
A report by Kaufman Hall showed that while hospitals’ operating margins improved in July, they were down 96% since the start of the year. Including funding allocated through the CARES Act. Without CARES Act funding, hospital margins were still down 28%.