The AHA estimates that, as a result of canceled hospital services due to the COVID-19 pandemic, U.S. nonfederal hospitals stand to lose approximately $161.4 billion in revenue over just four months.
With COVID-19 still disrupting the economy, the job market and the standard models of healthcare service delivery, it is likely that the healthcare industry will be feeling the financial impacts of the pandemic for the foreseeable future. As organizations experience challenges related to protecting their clinicians, managing medical equipment supplies and more, market volatility has healthcare executives making difficult decisions.
To learn how leaders are thinking about issues like financial concerns, workforce implications, rural health markets and more, read this post about the financial implications of the pandemic on the Cross Country Healthcare blog.
