Steep volume and revenue declines hit U.S. hospitals hard in April, driving Operating Margins down 282% compared to the same period last year and 326% below budget, according to a new Kaufman Hall report. The damage has been swift, as April was just the first full month for hospitals battling the effects of the COVID-19 pandemic. The median Operating Margin fell to –29% and the median Operating EBITDA Margin ended the month at –19%, down 174% compared to the same period last year and 191% below budget. These and other findings are highlighted in the May issue of Kaufman Hall’s National Hospital Flash Report, which draws on data from more than 800 hospitals. “April was the worst month ever for hospital finances,” said Jim Blake, managing director, Kaufman Hall.
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Source: https://www.prnewswire.com/news-releases/covid-19-pandemic-continues-to-ravage-hospital-finances-driving-april-operating-margins-down-282-301062980.html