In March and April, many hospitals cancelled or delayed elective surgery and other procedures to allow for care of Covid-19 patients. Because of that, hospitals were losing millions of dollars per day just staying open and of course paying staff. According to the American Hospital Association, an estimated $50 billion dollars per month is being lost by all hospitals in the United States.
The situation is improving now for many hospitals around the country – health systems are improving as they reschedule procedures for a wide range of services. The UC San Francisco chairman for the department of of medicine, Dr Bob Wachter, “we were losing $5 million dollars per day, now we are just a few million.” However, the key to success is that hospitals move back to normal in and outpatient care, as they address the needs of a society moving back to normal. If in fact there is a second wave in fall and winter, the next coronavirus spread could put hospitals in financial difficulty.