Ohio hospitals could lose $1.2B a month from suspended elective surgeries

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Hospitals in Ohio could face $1.2 billion in lost revenue due to suspending nonessential procedures in light of the COVID-19 pandemic, according to Columbus Business First.

Ohio hospitals have already seen a third of their revenue dry up from suspending elective surgeries. The Ohio Department of Health ordered hospitals to suspend the procedures March 17 to help hospitals prepare for a surge in COVID-19 patients. 

John Palmer, a spokesperson for the Ohio Hospital Association, told Columbus Business First the revenue decreases come at a time when many community hospitals are already operating on "razor-thin margins."

The association estimates its 236 hospitals and 14 health systems have annual revenue of about $48 billion.

More articles on healthcare finance:
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Hospitals face financial fallout from COVID-19: 6 things to know

 

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