When the coronavirus first hit the U.S. two years ago, hospitals quickly realized that the pandemic would play havoc not only with their care capabilities, but also with their bottom lines, Healthcare Dive reports.
As hospital systems became overwhelmed with patients sick with COVID-19, lucrative inpatient volumes plummeted, and many operators have yet to fully recover. To compensate for oscillating revenue, some hospitals have shifted their focus to outpatient service lines and alternative revenue sources, including investments.
In fact, more hospitals — especially large nonprofit systems with substantial cash pools — are acting more like venture capitalists as they ramp up investments in companies with products they can use and scale, all with an eye toward what might generate a return on investment down the line. Read more.
