Last year, the COVID-19 pandemic put intense pressure on hospital staff and resources, and dealt severe blows to hospital revenues and operating margins. This year, hospitals continue to manage the ongoing uncertainties of the pandemic relative to patient volumes, revenues, and expenses. In this issue of the Kaufman Hall Report, we discuss the potential ongoing effects of COVID-19. Kaufman Hall projects hospital margins could be down as much as 80% and revenues down as much as $122 billion in 2021 compared to pre-pandemic levels.
Also included in the Spring 2021 Kaufman Hall Report:
- Seven best practices for smart, assertive post-pandemic cost reduction
- Strategic imperatives for hospitals and health systems in 2021
- Insights from two Scripps Health executives on the benefits of rolling forecasting in navigating the pandemic
- Strategies and tactics for building resiliency for uncertain times
Lastly, we are excited to announce information on Kaufman Hall’s 2021 Healthcare Leadership Conference, including the date, speakers, and when to look for information on how to register.