Sault Ste. Marie, Michigan, had only two confirmed COVID-19 cases by early May, but the pandemic was still hitting its healthcare system hard. With the small city’s War Memorial Hospital mostly shut down and elective procedures postponed, the hospital was on shaky financial ground.
“My biggest concern is how all of this will impact the overall financial viability of our hospital,” said David Jahn, War Memorial president and CEO. In early May, the hospital was projecting revenues would be down for the year by 40%, or $35 million, if the coronavirus shutdown continued. The loss is not sustainable, Jahn said.