The impact from the 2017 hurricane season will be felt for years, and the hospitals and other medical facilities in Texas and Florida will not be immune. According to a report from Moody’s Investors Service, medical facilities in these areas will be dealing with recovery costs well into the 2019 fiscal year which could affect operating performance.
A significant impact will be felt by smaller operations that offer outpatient and elective services, due to the patient volume losses and procedures that have been deferred. The financial implications of lost patient volume could linger for years as people have temporarily or permanently relocated from the areas devastated by Harvey and Irma.
As hospitals incur unbudgeted costs for overtime and clean-up while dealing with lost revenue from canceled visits and procedures, cash flow management will be more important than ever.
Posted in Triumph Healthcare Finance