In the first two COVID months, we heard how hospital revenues often plummeted and the situation was described as dire.
For an update to February 2021, see a report from Kaufman Hall on hospital finances and margins.
- See a trade journal summary at HealthCareDive here,
- See an update by a different HCD journalist on Feb 25, here.
- See the original 30 page PDF online here.
The authors summarize, "The median hospital operating margin was down 46.1% compared to January 2020, and down 34.1% when CARES Act funding is factored in. Smaller hospitals tended to experience smaller drops than larger institutions. Adjusted discharges were down 17.6%."
Kaufman Hall provides consulting services (strategic, financial) for institutions including healthcare and education.
