6-12-2020
COVID-19 delivered a gut punch to the outlook for not-for-profit hospitals in 2020, moving from a “stable but delicately balanced” outlook this past January to a negative outlook in late March due to the rapidly evolving pandemic. While independent hospital leaders have always needed to keep a careful eye on their organization’s ability to remain independent—typically conducting a formal analysis every two to three years during periods when they are not experiencing financial duress—COVID-19 obliterated hospital budgets, significantly decreased operating margins and increased expenses. Learn More...