The average hospital would need to run at 110% of previous capacity for six months straight to recover lost patient volume.
Health systems across the U.S. are losing an average of $1.4 billion in daily revenue due to a decline in patient volume amid the COVID-19 pandemic, new data shows.
Crowe LLP, a Chicago-based public accounting, consulting and technology firm, reported May 1 that hospitals experienced a 56% reduction in traffic between March 1 and April 15, as both patients and doctors reprioritized or delayed normal services to prepare for an expected surge in COVID-19 cases.
While some cities, like San Francisco, saw a brief rise in patients being treated for the novel coronavirus, that trend quickly reversed itself after the worst of the public health crisis had passed in certain areas.
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Tom McParland
Tom McParland of New York Law Journal can be contacted at [email protected]. Follow him on Twitter @TMcParlandALM.
