2020: the year COVID-19 flipped the world upside down. COVID-19 continues to have a disproportionately detrimental impact on the healthcare industry, as pre-COVID-19 many hospitals were already struggling. Even before the global pandemic, hospitals had to fight to get paid for the care they delivered. On top of that, they have to manage poor reimbursements, increased expenses to protect patient safety, and decreased revenue from patients having to cancel or delay care. The result? Over 30 hospitals are having to file for bankruptcy. This is what happens when health systems cannot get fair payment from payors. While many of the hospitals described in the Beckers list are still delivering care, they simply won’t be able to sustain it. On the other hand, they also cannot possibly go out of business; because at a time when communities are suffering and need care now more than ever, patients cannot lose access.
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