Similar Stories to Northern Light Saw Revenue Drop $100m As Hospitals Stopped Services During Pandemic on Bing News

The parent organization of Northern Light Eastern Maine Medical Center in Bangor lost more than $100 million in patient revenue as the coronavirus pandemic forced it to cancel or delay many surgeries and other services last spring. However, in a pair of reports released last week, two prominent credit rating agencies have mostly stood by their assessments that the organization is generally on track to pay back its existing bond debt but could struggle with unanticipated operating challenges. Northern Light Health’s total patient revenue for the 2020 fiscal year was down $108 million from its 2019 levels after it put a halt to elective and nonessential services last March and only started resuming them on May 1, according to a report released last week by one of those agencies, Standard and Poor’s Global Ratings.