Nonprofit healthcare sector sees negative financial outlook due to COVID-19; positive outlook expected for pharma

Jannie Delucca

The economic outlook for the nonprofit public healthcare sector in the U.S. has transformed from stable to destructive, mainly for the reason that of the consequences of the COVID-19 coronavirus outbreak, according to Moody’s Investor Service.

The sector will probably see lessen dollars move when compared to 2019, even though it can be hard to estimate a certain array because of to the fast and unpredictable mother nature of the outbreak. Profits will probably drop as an raising range of hospitals terminate extra financially rewarding elective surgical procedures or methods and halt other products and services in preparing for a surge in coronavirus situations.

At the same time, expenditures will rise, with larger staffing costs and the will need for materials these as personal protecting tools. Moody’s is assuming that the outbreak will be relatively contained by the next 50 % of this 12 months, with the financial system slowly

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