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Arizona hospitals show and operating margin of 4.6%

Hospital financial survey results for May 2020 show an operating margin of $41 million or 4.6%. This is only part of the story as these figures include the recording of $43 million in federal funding from the CARES Act as operating income this month. Without this financial support, hospitals would have virtually broken even in May as a result of the dramatic decline in revenue following Executive Order 2020-10 resulting in an eight-week pause in elective procedures as well as a general public response to the pandemic which saw a reduction in hospital visits overall. Hospital discharges were down 8% for the month and ED visits were down by 29% compared to last year.