New York hospital takes $34M hit from nearly 2,700 canceled surgeries

Listen

Erie County Medical Center in Buffalo, N.Y., is working to recover revenue lost due to canceled surgeries and lower patient volumes tied to the COVID-19 pandemic. 

The 573-bed hospital reported a 6 percent year-over-year decline in emergency department visits in 2020, leading to a revenue drop of $1.5 million, according to Buffalo Business First

Canceled elective surgeries took a bigger financial toll on the hospital. The suspension of elective procedures last year led to nearly 2,700 canceled surgeries and $34 million in lost revenue, according to the report. 

"It is a financial hit for us to have less visits, but the more severe financial hit was lack of surgeries, that is the heart financially of the organization," Erie County Medical Center President CEO Thomas Quatroche Jr., PhD, told Buffalo Business First

Read the full Buffalo Business First article here

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Whitepapers

Featured Webinars