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.
What 'Light' Daily Cleaning of Patient Rooms Misses
Sprinkler Compliance: Navigating Code Mandates, Renovation Triggers and Patient Safety
MUSC Board of Trustees Approves $1.1B South Carolina Cancer Hospital
Study Outlines Hand Hygiene Guidelines for EVS Staff
McCarthy Completes $65M Sharp Rees-Stealy Kearny Mesa MOB Modernization