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1 in 5 hospital execs expect revenue declines of more than 30% in 2020

from RevCycle Intelligence

1 in 5 hospital execs expect revenue declines of more than 30% in 2020 RevCycle Intelligence Nearly all hospital and health system executives recently surveyed by the Healthcare Financial Management Association (HFMA) anticipated their organizations' revenues to be lower at the end of 2020, compared to pre-coronavirus levels. The coronavirus pandemic has had a significant impact on hospital finances in the last couple of months, with organizations reporting volume declines of up to 99% for some revenue-driving procedures. But these temporary effects are likely to have lasting implications for hospital revenues this year, survey respondents indicated. READ MORE

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