1 Year of COVID-19 has Changed Healthcare

This article is part of a series on what the healthcare industry looks like one year after the novel coronavirus was declared a pandemic and life in the United States began to drastically change. Healthcare workers have been pushed to their limits during the COVID-19 crisis, and some are considering a change in profession or setting as the country marks one year into the pandemic.

Hospital profitability down as operators lack flexibility

Hospital profitability declined for the first time this year during the month of June. Operating margins were down 1.88%, according to a new flash report from Kaufman Hall. Analysts blamed the decline on the inability of many hospitals to rapidly cut expenses to match a decrease in patient volumes.