NOW: In depth reporting from @stephanieinnes detailing the financial strain our front-line healthcare heroes are truly facing. Perspective from @TMCaznews @YumaRegional @AZKRMC @ArizonaMedicine @AZDentalAssn @AnnMarieAla
READ: https://bit.ly/COVIDfinanceAZ
READ: https://bit.ly/COVIDfinanceAZ
EXCERPT: Arizona hospitals are reporting revenue losses of 30% to 40% due to cancellation of elective procedures and a reduction in emergency department visits. Statewide, that equates to a revenue reduction of $430 million to $575 million per month.
"I can't imagine there is a hospital that is not impacted financially by what is going on. Our surgeries are 50% to 60% less than what they were at this time a year ago. Our billable charges are between 40% and 45% less than a year ago...
When you drop that dramatically it's very difficult to maintain the workforce. We estimate the drop in volumes to be about $20 million per month that we've lost." @tmcaznews