Thread by @azhospitalassn, NOW: In depth reporting from @stephanieinnes detailing the financial strain our front-line [...]

AzHHA

azhospitalassn

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

COVID-19 is draining health care providers' finances and leaving some patients in limbo

COVID-19 is leaving some Arizona hospitals and providers in a weak financial position while patients suffer without routine health care.

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

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