What’s A Hospital Board Member To Do?
Throughout this pandemic crisis, hospitals have been in a difficult situation. They were charged with caring for COVID-related emergencies—and required to discontinue "non-emergency" services. The result has been substantial financial losses. A report released by the American Hospital Association predicted total losses of greater than $323 billion in 2020—largely because of lower patient volumes—with the caveat that losses may be exponentially greater if there are new surges (see New AHA Report Finds Losses Deepen For Hospitals & Health Systems Due To COVID-19).
Reports indicate that elective procedures had returned to their January volumes by . . .