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.
Partnering on Personnel: Strategies for Success
Kaiser Permanente Opens First Two Medical Offices in Northern Nevada
Acadia Healthcare Reports Data Breach
Site Selection Mistakes: What Not To Do
High-Performance EFCO Systems Shape MUSC's New Black River Medical Center