{"id":11177,"date":"2020-08-18T15:03:45","date_gmt":"2020-08-18T20:03:45","guid":{"rendered":"https:\/\/www.billingparadise.com\/blog\/?p=11177"},"modified":"2026-03-25T05:12:22","modified_gmt":"2026-03-25T10:12:22","slug":"sentara-healthcare-bounces-back-from-the-losses-of-covid-19","status":"publish","type":"post","link":"https:\/\/www.billingparadise.com\/blog\/sentara-healthcare-bounces-back-from-the-losses-of-covid-19\/","title":{"rendered":"How Sentara Healthcare Bounced Back From The Losses of COVID-19?"},"content":{"rendered":"<section  class=\"section no\"><div class=\"row\"><div class=\"wpb_column col-md-12 have-padding\"><div class=\"text-block \" ><div class=\"simple-text \"><h2>Sentara Healthcare Bounces Back From The Losses of COVID-19<\/h2>\n<p><span style=\"font-weight: 400\">The COVID-19 pandemic has stretched the resources of every healthcare organization to its limit and then some more. A lot of organizations incurred sudden and devastating losses and they were backed into a corner and forced to close shop, having no other way to manage the losses. <\/span><a href=\"https:\/\/www.sentara.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">Sentara Healthcare<\/span><\/a><span style=\"font-weight: 400\"> fortunately found its financial salvation in their Health Plan.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-11178 size-full aligncenter\" src=\"https:\/\/www.billingparadise.com\/blog\/wp-content\/uploads\/2020\/08\/Procedures-for-Self-Quarantine-under-Covid-19.png\" alt=\"Sentara Healthcare Managing COVID-19 Losses\" width=\"800\" height=\"300\" srcset=\"https:\/\/www.billingparadise.com\/blog\/wp-content\/uploads\/2020\/08\/Procedures-for-Self-Quarantine-under-Covid-19.png 800w, https:\/\/www.billingparadise.com\/blog\/wp-content\/uploads\/2020\/08\/Procedures-for-Self-Quarantine-under-Covid-19-300x113.png 300w, https:\/\/www.billingparadise.com\/blog\/wp-content\/uploads\/2020\/08\/Procedures-for-Self-Quarantine-under-Covid-19-768x288.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the recently disclosed <\/span><a href=\"https:\/\/emma.msrb.org\/SS1397545-SS1086997-.pdf\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">financial documents<\/span><\/a><span style=\"font-weight: 400\">, the 12 hospital system based in Norfolk, Virginia, had a consistently profitable year until 2020. In the wake of COVID-19, their stellar record took some sizable damage and ended the first half of 2020, with a net loss.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The healthcare organization ended their first two quarters of 2020 with an operating income of $159.4 million, which is significantly down from their $230.5 million in the same period in 2019. Also, after factoring in nonoperating items, the health system reported a net loss of $38.7 million for the first half of this year, compared to net income of $569.4 million in the same period of 2019.<\/span><\/p>\n<p><b>Sentara Healthcare Effectively Handling COVID-19<\/b><\/p>\n<p><span style=\"font-weight: 400\">Up until June 30, 2020, the health system reported revenues of $3.9 billion, which is up 16.2 percent from a year earlier. This was possible because of the increased premium and capitation revenue, which was made possible by year-over-year growth in health plan membership. However this growth took a slight downward dive of 9.2 percent in net patient service revenue.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The health system also claims that their operating expenses increased 20 percent year-over-year in the first half of 2020. This increase can be directly attributed to higher medical claims expense and costs tied to the COVID-19 pandemic.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Sentara Healthcare Bounces Back From The Losses of COVID-19 The COVID-19 pandemic has stretched the resources of every healthcare organization to its limit and then some more. A lot of organizations incurred sudden and devastating losses and they were backed into a corner and forced to close shop, having no other way to manage the [...]","protected":false},"author":2,"featured_media":11179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[721,841,717,716],"tags":[],"class_list":["post-11177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-billing-collections","category-medical-billing","category-most-popular","category-most-recent"],"_links":{"self":[{"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/posts\/11177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/comments?post=11177"}],"version-history":[{"count":2,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/posts\/11177\/revisions"}],"predecessor-version":[{"id":450865,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/posts\/11177\/revisions\/450865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/media\/11179"}],"wp:attachment":[{"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/media?parent=11177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/categories?post=11177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/tags?post=11177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}