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Nuvance lost over $300 million in net patient revenue due to COVID

According to reports to the state, outpatient emergency room volume at Danbury Hospital declined 20 percent in fiscal year 2020.  An audit by Ernst & Young for Nuvance Health found that the system, which includes 7 hospitals, lost over $300 million in net patient revenue due to the COVID-19 pandemic in fiscal year 2020 and faces a net loss of more than $130 million last fiscal year. The system also experienced price increases in and use of medical supplies, particularly personal protective equipment. Nuvance President and CEO Dr John Murphy earned more than $14 million in salary and fringe benefits last year, including a contractually obligated payment based on his years of service and employment agreement.

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