12 U.S. Hospitals Closed During Pandemic

Lower patient volumes, canceled elective procedures among challenges to bottom lines


COVID-19 has taken a toll on every aspect of healthcare organizations seeking to tailor operations to the pandemic area. HVAC systems, public spaces and entryways have been revamped and upgraded, supply chains have been strengthened to provide needed PPE, and elective procedures have been curtailed, putting a crimp in revenues.

This last change might have had the largest impact on organizations looking to operate without the need for drastic measures. For some hospitals, though, these challenges were too much in an already difficult business environment.

Twelve hospitals in the United States have closed in the eight months since the World Health Organization declared COVID-19 a pandemic, according to Becker’s Hospital CFO Report.

Hospitals across the nation have experienced financial strain tied to the COVID-19 pandemic. Lower patient volumes, canceled elective procedures and higher expenses have created a cash crunch for hospitals, many of which were already operating on thin margins. U.S. hospitals are estimated to lose more than $323 billion this year, according to a report from the American Hospital Association.

Among the closures during the COVID-19 pandemic are: Northridge Medical Center, Commerce, Ga.; Southwest Georgia Regional Medical Center, Cuthbert; Shands Lake Shore Regional Medical Center, Lake City, Fla.; Cumberland River Hospital, Celina, Tenn.; Bluefield (W.Va.) Regional Medical Center; and First Texas Hospital Cy-Fair, Houston.

Click here to read the article.



November 19, 2020



Recent Posts

AI Usage for Healthcare Facilities

People in all industries are finding more use cases for artificial intelligence.


Ground Broken on Pelican Valley Senior Living Modernization Project

It is expected to reach completion in early-mid 2027.


All-Electric UCI Health – Irvine Hospital Set to Open

The 144-bed facility will be the nation’s first all-electric acute care hospital, serving the residents of coastal and south Orange County.


The Rising Strategic Value of Owner's Reps in Healthcare

The role of the owner’s representative has evolved beyond project advocate to strategic campus planning consultant.


Lawrence Group Designs Pair of Ignite Medical Resorts in Missouri

They combine cutting-edge physical rehabilitation with the indulgence of a 5-Star hotel.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.