Five Strategies Hospitals Can Employ to Regain Lost Revenue Due to COVID-19

Over the past few months, hospitals and health systems have faced inordinate staffing impacts, volatile shifts in volume, and clinical and financial challenges as a result of COVID-19. Patient fears around COVID-19 transmission in hospital settings may be exacerbating these challenges further.

As state economies begin to reopen across the nation, hospitals and health systems must turn their attention to the long road ahead to recover lost revenue and re-engage patients. COVID-19 has had both short and long-term impacts on the healthcare industry. The below outlines these impacts and also provides strategies on how to mitigate these challenges and enhance profitability.