Operating margins at New Jersey hospitals plummet during pandemic, report finds

The Covid-19 crisis has caused the operating margins of New Jersey hospitals to plummet into negative territory, according to an analysis from the New Jersey Hospital Association. The statewide operating margin has plunged to negative 30%, the report found. It was positive 4.3% prior to the start of the pandemic. “Covid-19 is an unprecedented event for our healthcare system," said NJHA CEO Cathy Bennett. "Our hospitals have directed all of their resources at it, including extraordinary efforts…