Gies College of Business professor Tatyana Deryugina says hospitals may take more than three years to recover from the double blow of increased costs for care of COVID-19 patients and the revenue loss of elective procedures. Providers argue federal grants and loans to date will not cover the overall projected revenue shortfall, and according to the study “Natural Disasters and Elective Medical Services: How Big is the Bounce-Back?” they are likely right.
Projected hospital losses may outpace federal financial relief, research shows
Jul 15, 2020 Faculty Finance Research
Hospitals may take more than three years to recover from the double blow of increased costs for care of COVID-19 patients and the revenue loss of elective procedures, according to research co-authored by Gies professor Tatyana Deryugina.