Connecticut’s nearly 30 hospitals are collectively missing out on as much as $400 million in revenue per month, as the COVID-19 coronavirus drives up expenses and forces elective surgeries and other procedures to be postponed in order to preserve clinical resources and space, according to the Connecticut Hospital Association.
The city of Middletown is seeking to boost its reputation as a healthcare industry hub with a $12-million project that includes construction of two new medical office buildings.
The finances of Connecticut’s hospitals remained mostly unchanged in 2018, with slightly more hospitals turning a profit but seeing a drop in the average margin.