A new report says not-for-profit hospitals will be affected financially by the coronavirus long after the pandemic ends, according to an article on the Modern Healthcare website.
More hospitals are canceling profitable elective surgeries while they also have increased staffing and supply costs.
The rising price of temporary staff is another headwind. from $1,700 in January to more than $3,000 in March, according to a new report from NurseFly. Crisis pay rates have jumped to more than $4,400 per week.
Plus, hospitals likely treat more unemployed individuals and suffer investment losses, which will have lasting long-term consequences.
Spaces That Support: Patient-Centered Design for Modern Reproductive Health
Modernization of Buildings Require Collaboration Across All Disciplines
Children's Health Announces Plans for RedBird Specialty Center in Texas
How Can Healthcare Facilities Use Efficiency to Drive Climate and Health Goals?
El Camino Health Rehabilitation Hospital Officially Tops Out