Bai, Ge; Jiménez, Daniel; Phan, Phillip Hin Choi; … - National Bureau of Economic Research - 2021
We estimate the likelihood of financial distress of U.S. hospitals in 2020 due to the COVID-19 pandemic using AHA Annual Survey data for 2011-2019 and smartphone mobility data for 2020. We find that while the average likelihood of distress across all hospitals is 28.53 % in 2020, slightly...