Medical Office Building Special Report
Stimulus Loans Aid Providers; Backlog of Appointments Await Post-Pandemic
Medical office shutdowns impact providers’ bottom lines. The delay of elective surgeries and nonessential surgical and dental procedures during the COVID-19 pandemic has caused many healthcare offices to partially or fully close their offices, leaving many firms in a zero-revenue situation. While off-campus urgent care centers, micro-hospitals and health-system sponsored wellness centers may take on a heavier role in treating individuals without the disease, the risk-to-benefit ratio of making a trip to these facilities will likely prompt a widespread rescheduling of routine appointments. These cancellations and office closures may translate to a wave of work for many practices once the pandemic lifts, likely boosting these firms’ recovery and longer-term financial stability.