Despite fears, Colorado’s biggest hospitals made money during the pandemic
When the coronavirus shut down Colorado last spring, fears mounted that the state’s hospitals were about to get hammered financially.
In rapidly shifting to focus on caring for sick COVID-19 patients, hospitals paused lucrative elective procedures. Patients skipped usual visits. Hospitals pumped money into buying protective equipment and turning floors into coronavirus units. Estimates for lost revenue stretched into the billions of dollars.
But a new report released by a state agency on Wednesday concludes that Colorado’s large hospital systems ultimately turned a profit in 2020, despite...…When the coronavirus shut down Colorado last spring, fears mounted that the state’s hospitals were about to get hammered financially.
In rapidly shifting to focus on caring for sick COVID-19 patients, hospitals paused lucrative elective procedures. Patients skipped usual visits. Hospitals pumped money into buying protective equipment and turning floors into coronavirus units. Estimates for lost revenue stretched into the billions of dollars.
But a new report released by a state agency on Wednesday concludes that Colorado’s large hospital systems ultimately turned a profit in 2020, despite...WW…