One in Five Hospital Execs Expect Revenue Declines of Over 30% in 2020

Nearly all hospital and health system executives recently surveyed by the Healthcare Financial Management Association (HFMA) anticipated their organizations’ revenues to be lower at the end of 2020, compared to pre-coronavirus levels.

The coronavirus pandemic has had a significant impact on hospital finances in the last couple of months, with organizations reporting volume declines of up to 99 percent for some revenue-driving procedures. But these temporary effects are likely to have lasting implications for hospital revenues this year, survey respondents indicated.

In a Guidehouse analysis of the survey, researchers found that half of the 174 hospital and health system executive respondents said it will take through the end of the year or longer for their hospitals and health systems to see elective procedure volumes return to pre-coronavirus levels.

>>Read the full article in Rev Cycle Intelligence

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