Five things to know:
1. Moody’s analysts predict that for-profit hospitals’ EBITDA will decline by a low-to-mid single-digit rate during the next year to 18 months. Moody’s had previously expected EBITDA growth of 3-4 percent.
2. Hospital profitability will decline as many decide to defer elective procedures to focus on COVID-19 patients.
3. For-profit hospitals will have a harder time controlling their costs as they pay more overtime, hire contract workers or seek supplies from new vendors.
4. Since many COVID-19 patients who need treatment are covered by Medicare, hospitals will see their reimbursement fall.
5. Moody’s made similar projections for nonprofit hospitals.
More articles on healthcare finance:
Kansas hospital abruptly closes, blames physicians for financial troubles
Trump signs $100B coronavirus relief plan: 5 things to know
West Virginia hospital to close this week
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
