For independent, rural hospitals, coronavirus may pose an existential threat. Udow-Phillips explains.
In “Rural Michigan hospitals say coronavirus may soon force some to close,” Marianne Udow-Phillips, executive director of the Center for Health and Research Transformation at the University of Michigan, describes the thin cash margins of independent, rural hospitals and why they’re so vulnerable during this coronavirus epidemic.
To slow the spread of the virus, elective surgeries and procedures have been cancelled, which has a huge impact on hospital bottom lines.
“But rural hospitals have huge cash issues. They have very thin if any cash margin, so they don’t have what they need to weather the ups and downs.”
Udow-Phillips says she’s “worried about whether many of our rural hospitals will be able to weather this for any period of time.”
Read more in Ted Roelofs’ Bridge Magazine story.