The financial question: What is COVID-19 doing to hospitalsâ bottom lines?
WCPO
By: Kaitlin Schroeder | Journal-News
and last updated 2021-01-31 16:00:14-05
The pandemic left hospitals busy with multiple surges in COVID-19 patients through the course of 2020, but those spikes werenât moneymakers for these health systems.
The chaotic year had been marked by the COVID-19 pandemic, which left patients needing intense levels of care, increased labor and supplies costs, caused some patients to fearfully skip care, and there were months of canceled lucrative electives.
Hospitals are not only health care providers but also among the biggest businesses and largest employers in the region, and the economic health of the region hinges on their stability.