Independent, Smaller Hospitals Will Need to Make Tough Choices to Survive COVID-19 Financial Crisis: Analysis
09/08/2020
Independent hospitals could need to make drastic decisions such as reducing service lines or workforces to survive the cash crisis caused by the COVID-19 pandemic, a new analysis finds, according to a FierceHealthcare report.
The analysis, published Thursday from consulting firm Kaufman Hall and the law firm Waller, projects an increased number of independent hospitals and smaller systems partnering up due to massive financial damage caused by COVID-19. Kaufman Hall also finds that more integrated and larger systems with more access to capital are better positioned.