HCA - Hospitals are heading into turbulence as COVID admissions drop - Deutsche Bank

Citing a decline in COVID admissions and normalization of elective procedures, Deutsche Bank warns that healthcare providers are entering into an “air pocket” that could lead to anxiety among investors. In a note issued this week, the analysts led by Pito Chickering slashed their 1Q and 2Q revenue estimates for hospitals to reflect the lower COVID admissions in March and a drop in COVID revenue from the add-on payments. The remarks come at a time the U.S. is seeing a record low of COVID-related hospitalizations. Citing the Department of Health and Human Services, NBC News reported this week that the seven-day average of hospitalizations reached 16,760 on March 31, the lowest level since the U.S. started tracking data at the start of the pandemic. In Texas, where some of the leading for-profit hospital operators have a major presence, the COVID-related admissions for this week have approached the lowest level since data collection

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Hospitals are heading into turbulence as COVID admissions drop - Deutsche Bank