A new report from the hospital industry predicts half of all U.S. hospitals will be operating in the red by the end of the year unless more federal relief is approved.

The report, released Tuesday by the firm Kaufman Hall and prepared on behalf of the American Hospital Association (AHA), paints a grim picture of the impact of the COVID-19 pandemic on hospital operating margins. It is also released as the Senate returns to work this week and talks for a new relief package heat up.

Hospital margins could sink to negative 7% in the second half of 2020, and half of all hospitals are likely to operate with a negative margin, the report said.

Hospitals were slammed financially by low patient volume and cancellation of elective procedures to preserve capacity to combat COVID-19.

Read the full article from Fierce Healthcare HERE