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For generations, health care as a business has been termed “recession proof.” What we’ve seen since 2020 is economic shocks stemming from the pandemic putting enormous strain on health systems as they contended with a surge in patients, lack of personal protective equipment, rapid shift to telehealth, rising wages and labor shortages.
For generations, health care as a business has been termed “recession proof.” What we’ve seen since 2020 is economic shocks stemming from the pandemic putting enormous strain on health systems as they contended with a surge in patients, lack of personal protective equipment, rapid shift to telehealth, rising wages and labor shortages.
Large health systems with better cash reserves and stronger assets pivoted better than others and increased their investments at a time of acute financial uncertainty,…
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