The Impact of COVID-19 on Not-for-Profit Healthcare Systems

June 09, 2020 | Nat Kellogg, CFA, President, Director of Manager Search

The onset of the global pandemic caused by COVID-19 has created substantial stress in the financial markets and the broader economy. Unlike the Global Financial Crisis (“GFC”), the current pandemic is a health care crisis that has had a much more direct and swift effect on all of our hospital clients’ operations and financial positions. The following newsletter represents Marquette’s key observations regarding the current operating environment for the not-for-profit (“NFP”) hospital sector, as well as an outlook for the remainder of 2020.

Read > The Impact of COVID-19 on Not-for-Profit Healthcare Systems

 

The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.

Nat Kellogg, CFA
President, Director of Manager Search

Get to Know Nat

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Line chart showing the personal savings rate and personal consumption amongst Americans. Chart subtitle: Personal savings rates have retreated from pandemic-induced highs, however several potential headwinds still face the American consumer this holiday season Chart description: Y-axis ranges from -15% to +30%. X-axis shows quarters from 3Q16 to 3Q21. Line for Personal Savings Rate is purple and line for Personal Consumption (Quarter-Over-Quarter Change) is dark green. Both lines were relatively steady up to 2Q20 as the coronavirus pandemic took hold of the economy. The Personal Savings Rate peaked in that quarter to 26.0% and the Consumption Rate Change decreased to the extremein 2Q20 then peaked the following quarter with a 10% increase. Both levels have returned to just slightly higher than normal levels in recent quarters. Chart source: Federal Reserve Bank of St. Louis as of September 30, 2021.

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