Hospitals facing declining revenue amidst pandemic
by jerry on May 10, 2020
Ironically, in the middle of a public health crisis, most hospitals and other medical care providers are facing a steep drop in demand for their services, rather than than being overwhelmed. NPR reports on healthcare workers being laid off or having reduced hours. Many scheduled services were indefinitely postponed, and many people who might have visited have decided to stay away for fear of being infected.
The economy is an interconnected web, with many services organizations expecting a relatively steady flow of customers or clients. The current shelter-in-place ordinances have disrupted many retail businesses, and that also turns out to include healthcare providers.