CFO of 10 AdventHealth hospitals says losses top $260M

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” We had a $172 million deficiency for the month of April,” Doug Hilliard, CFO of 10 AdventHealth healthcare facilities, told the AHA. “In overall, the losses are close to $263 million to date,” he stated..

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AdventHealth, a 21-hospital system based in Altamonte Springs, Fla., requires extra funds to balance out losses tied to the COVID-19 pandemic, according to a recent American Health center Association report.

” Were going to need an extra tranche of dollars to handle the pathology that were seeing today,” he told the AHA..

Like health systems throughout the U.S., AdventHealth sustained losses in the 2nd half of March due to holding off elective treatments. Losses grew considerably over the next several months due to a rise of COVID-19 clients in Florida. The health systems COVID-19 hospitalizations were at a peak of 788 patients on July 17, according to the AHA report..

Todd Goodman, department CFO of AdventHealths 20 intense care and emergency situation centers, stated the health system is grateful for the financing it has gotten under the Coronavirus Aid, Relief and Economic Security Act. More funds are required to help offset losses..

AdventHealth isnt the only Florida health system seeking more federal relief aid. A group representing the states safety-net hospitals is likewise pushing HHS for more CARES Act funding..