The ASC sector will be among the hardest hit sectors in the Moody’s U.S. healthcare corporate portfolio, according to a report released on April 21. Moody’s named the ASC, dental and physical therapy sectors as being the hardest hit sectors in healthcare because all rely on elective surgeries, which have been postponed or canceled in many states to combat the coronavirus pandemic. However, the analysts authoring the report also believe these fields could be quick to recover. “The timing of a recovery is uncertain, but we believe that when the crisis subsides, these companies will be among the first to recoup lost volumes because there will be pent-up demand for routine, preventative and other deferrable care,” according to the report.
Read the full article: Pandemic Hit the ASC Sector Hard, but It’s Also Ripe for Recovery: 6 Updates from Moody’s //
Source: https://www.beckersasc.com/asc-news/pandemic-hit-the-asc-sector-hard-but-it-s-also-ripe-for-recovery-6-updates-from-moody-s.html