Pandemic’s Hit on Hospital Revenues Remains Top Industry Concern

Lost hospital revenue due to the Covid-19 pandemic will have the greatest impact on the health-care industry in the next year, according to a survey of industry officials.

Nearly 37% of more than 2,300 members of the pharmaceutical, medical device, information technology, and other health-care industries cited lost revenue due to delayed or canceled medical procedures as their top concern for the year ahead, health-care analytics firm Definitive Healthcare reported Thursday. The survey was conducted in June.

Elective surgeries plummeted as much as 95% in some areas of the country, particularly the Northeast and the West, after the Department of ...