COVID-19 to cost hospitals $323 billion, American Hospital Association says

” While potentially disastrous, these forecasted losses still might underrepresent the full financial losses medical facilities will face in 2020, as the analysis does not account for currently increasing case rates in particular states, or possible subsequent rises of the pandemic occurring later this year,” the AHA said.
When compared to standard levels from last year, medical facilities and health systems are reporting a typical decrease of 19.5 percent in inpatient volume and 34.5 percent in outpatient volume. Many healthcare facilities dont expect to return to in 2015s levels in 2020.
Read the complete report here.
More articles on health care finance:14 health systems with strong financesMayo Clinic to restore pay, end furloughs months earlyHospitals lose lawsuit against HHS over rate disclosure guideline.

Hospitals will lose $323.1 billion this year due to the fact that of the COVID-19 pandemic, according to a new report from the American Hospital Association..

The overall consists of $120.5 billion in financial losses the association predicts medical facilities will see from July through December on top of $202.6 billion in losses they estimated between March and June. The losses remain in big part due to lower patient volumes.

Morgan Haefner –
Tuesday, June 30th, 2020
Print|Email.

© Copyright ASC COMMUNICATIONS 2020. Intrigued in LINKING to or REPRINTING this material? View our policies by clicking here.