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COVID-19 pushes Cleveland Clinic to $39.9M operating loss in Q1

Cleveland Clinic’s revenue climbed to $2.6 billion in the first quarter of this year, up from $2.5 billion in the same period a year earlier, according to unaudited financial documents.

Including April, the first full month the health system limited services due to the pandemic, Cleveland Clinic experienced net patient service revenue shortfalls of more than $500 million, compared to plan, and incurred about $100 million in COVID-19 preparedness costs.  
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