How much CARES Act cash went to HCA, CHS + UHS in Q2

Alia Paavola –
Wednesday, July 29th, 2020
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Community Health Systems (Franklin, Tenn.).

Universal Health Services (King of Prussia, Pa.).

UHS stated it received about $218 million in relief help from the CARES Act in the second quarter. This consisted of $157 million that went to its acute care hospitals and $61 million to its behavioral health facilities..

More short articles on healthcare financing: UHS sees earnings grow to $251.9 M in Q2GOP unveils $1 trillion COVID-19 relief bundle: 9 things to knowCHS swings to $70M earnings in Q2, prepares to sell more healthcare facilities.

The health center operator didnt report in its monetary outcomes how much funding it got after the three-month period ended June 30..

Below is just how much help made offered under the Coronavirus Aid, Relief and Economic Security Act that three of the for-profit hospital operators gotten in the second quarter. Dallas-based Tenet Healthcare hasnt released its second-quarter revenues yet..

HCA Healthcare (Nashville, Tenn.).

To assist balance out losses from the COVID-19 pandemic, the federal government has designated $175 billion in relief funding to medical facilities and health systems throughout the U.S..

In the second quarter of this year, HCA tape-recorded $822 million in stimulus income from the federal government..

After June 30, HCA got around $300 million in extra targeted distribution funds..

During the three-month duration ended June 30, CHS received $564 million in coronavirus relief aid. CHS said it will return some of the relief funding to HHS due to the fact that it got some quantities for previously divested health centers.

CHS also said it received $109 million in relief help payments in July that are not included in the total for the second quarter..

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