Financial Consequences of Covid-19 for U.S. Hospitals

Author

Laura PettyFollow
Trevor Mullins

Date of Award

2020

Degree Name

Healthcare Administration

College

College of Business

Type of Degree

M.S.

Document Type

Research Paper

First Advisor

Dr. Alberto Coustasse

Abstract

Introduction: The coronavirus pandemic has caused many financial issues for many businesses including putting a substantial strain on hospitals in the U.S. The impact of COVID-19 on the financial well-being of hospitals has been evaluated and the severity is still being measured as the pandemic is ongoing. The purpose of this research was to assess the financial consequences of the COVID-19 pandemic for hospitals in the United States.

Methodology: A literature review with a semi-structured interview with an expert from a local hospital was used for the methodology of this qualitative study. Five government websites and five databases were used for this study. There was a total of twenty-six sources referenced in this literature review.

Results: This literature review examined several studies as well as a semi-structured interview that supported the literature’s findings. The review also addressed the financial impact of COVID-19 on hospitals, financial impact of COVID-19 on specialties within the hospital, financial impact of COVID-19 on physicians within the hospital network, and resources to help with the financial impact of COVID-19.

Discussion/Conclusion: The COVID-19 pandemic’s crippling aspects are further discussed which explains how it has debilitated many US hospitals. The negative financial impact on hospitals is discussed in further detail.

Subject(s)

Health services administration.

COVID-19 (Disease) -- Economic aspects.

Hospitals -- Finance -- United States.

Recommended Citation

Petty, Laura and Mullins, Trevor, "Financial Consequences of Covid-19 for U.S. Hospitals" (2020). Theses, Dissertations and Capstones. 1330.
https://mds.marshall.edu/etd/1330