Event Title

P-27 The Impact of COVID-19 on Hospital’s Finanical Statements as it Relates to Elective Surgeries

Location

Buller Hall 251

Start Date

3-11-2022 1:30 PM

End Date

3-11-2022 3:30 PM

Description

Coronavirus has negatively affected the financial health of hospitals. As hospitals reached in-patient capacities with Covid-19 patients, hospitals were not able to provide more profitable services, such as elective surgeries. Elective surgeries account for approximately 43% of hospitals’ total revenue and profits. The impact of Covid-19 has put some hospitals into a precarious financial position. Variants of the coronavirus pandemic, such as Delta, have filled hospitals and critical care units with patients. With the increase in demand from these patients, hospitals have to adapt their strategies to remain financially viable during an unpredictable pandemic.

Acknowledgments

Advisor: Carmelita Troy, Accounting, Economics and Finance

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Mar 11th, 1:30 PM Mar 11th, 3:30 PM

P-27 The Impact of COVID-19 on Hospital’s Finanical Statements as it Relates to Elective Surgeries

Buller Hall 251

Coronavirus has negatively affected the financial health of hospitals. As hospitals reached in-patient capacities with Covid-19 patients, hospitals were not able to provide more profitable services, such as elective surgeries. Elective surgeries account for approximately 43% of hospitals’ total revenue and profits. The impact of Covid-19 has put some hospitals into a precarious financial position. Variants of the coronavirus pandemic, such as Delta, have filled hospitals and critical care units with patients. With the increase in demand from these patients, hospitals have to adapt their strategies to remain financially viable during an unpredictable pandemic.