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The country’s hospitals & health systems are incurring huge financial losses due to COVID-19. Kaufman Hall’s study from more than 800 hospitals & health systems show that drops in volume and revenue, alongside increasing expenses, brought about a sharp reduction in margins over a few short weeks. Overall, margins fell 170% below budget in March according to the study. Kaufman Hall anticipates the pandemic will have a bigger financial impact in the months ahead.

 

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