Some hospitals are running low on cash after canceling many elective procedures to devote more resources to the coronavirus outbreak
Executives from three hospitals across the country detailed their dire fiscal conditions on a conference call Saturday hosted by the American Hospital Association. This may force some to close their doors just as the need for care skyrockets amid the pandemic.
But even if they could, many vendors are demanding to be paid immediately, said Kevin Donovan, CEO of LRGHealthcare, a two-hospital system in central New Hampshire, which is treating more than 10 coronavirus patients. "We are unable to pay our bills, and they are telling us they will not ship us necessary supplies until we pay them cash on delivery," Donovan said."We are unable to do that.
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