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Covid-19 pandemic continues to pressure healthcare provider financial health

September 1, 2020

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The Covid-19 pandemic has strained the financial health of healthcare providers and healthcare systems around the world. Northwell Health, a 19-hospital health system based in New York, reported a loss of $329m in H1 2020. Also in H1 2020, Cleveland Clinic, an 18-hospital health system based in Ohio, had an operating loss of $241m. As the pandemic continues to affect patient volumes in emergency departments and elective surgeries, healthcare providers will continue to struggle to maintain revenue streams in the face of rising costs.

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