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.
Joint Commission Standards: What Updates Matter Most?
Swinerton Completes Construction at Atlanta's Grady Hospital
NY Governor Hochul Announces $300M in Funds for IT and Cybersecurity
Healthcare Is the New Retail
Bridgeway Behavioral Health Services Launches Campaign to Renovate Health Center