Nonprofit healthcare sector sees negative financial outlook due to COVID-19; positive outlook expected for pharma
The economic outlook for the nonprofit community healthcare sector in the U.S. has adjusted from secure to adverse, mostly due to the fact of the consequences of the COVID-19 coronavirus outbreak, in accordance to Moody’s Investor Assistance.
The sector will very likely see decreased hard cash move as opposed to 2019, though it is complicated to estimate a precise range thanks to the immediate and unpredictable mother nature of the outbreak. Earnings will very likely decline as an escalating quantity of hospitals cancel more rewarding elective surgical procedures or techniques and halt other expert services in preparing for a surge in coronavirus instances.
At the similar time, bills will increase, with increased staffing charges and the require for supplies such as private protective equipment. Moody’s is assuming that the outbreak will be relatively contained by the next half of this 12 months, with the economic system slowly recovering by that