Accounting & Financial Management
Many U.S. hospitals have already seen revenues impacted due to delayed or re-prioritized nonemergency procedures.
The COVID-19 pandemic has created a volatile environment, and there's a long road ahead to recovery.
Virtual care is keeping revenue flowing in part by improving providers' ability to bill for these services.
Current numbers in Florida are higher than they were in April, adding to staffing and PPE-related expenses.
There were close to 1,300 equity investments in healthcare companies during Q2, with tech startups drawing much of the capital.
A number of high-yield healthcare issuers have defaulted since the start of the crisis, and near-term credit risk remains elevated.
Even upticks in COVID-19 patients haven't made up for the revenue losses, since reimbursement for those services is comparatively slim.
Hospital margins could sink to a median as low as -7% by year's end, and half of all hospitals may be in the red.
Executives spoke about navigating through the pandemic during the Healthcare Financial Management Association Digital Annual Conference.
Demand for physicians, as gauged by the number of new search engagements, has declined by over 30% since March 21.