Hospitals Losing Billions from Coronavirus 

The coronavirus has placed tremendous financial pressure on hospitals across the country. A new report explains that hospitals are suffering from the higher costs associated with treating COVID-19 patients and acquiring personal protective equipment, while also losing revenue from elective procedures stopping, which continue to be postponed in most states. The report estimates the country’s hospitals will be forced to bear $202.6 billion in losses between March 1st to June 30th, or about $50.7 billion per month. Hospitals cannot afford to continue losing revenue, especially rural hospitals who already operated on slim or negative margins.