Healthcare Finances

Why did hospitals lose money during Covid? Hospitals sustained huge financial losses from lost revenues during COVID-19 pandemic as patients lost timely access to surgical services. Read more on www.facs.org Numerous hospitals throughout the world have suffered large financial losses as a result of the Covid-19 epidemic. The increasing demand for resources and the decline … Read more

How much does a hospital owner make? A 2019 report on 1,345 hospitals from Total Compensation Solutions found that CEOs at hospitals with an annual revenue of less than $50 million had an average annual salary of $274,300. However, at hospitals whose annual revenue topped $1 billion, the average CEO salary was $1.4 million. Read … Read more

How do hospice agencies make money? How do hospices make money? Most hospices receive their revenue from third-party insurance companies such as Medicare. If a patient is not enrolled under an insurance plan, then they can either receive a reduced rate from their hospice provider or request for help paying through donations, grants, and other … Read more