Hospitals return $2.3B in federal COVID-19 aid

Numerous medical facilities that dealt with great deals of COVID-19 clients this spring returned grants received from the federal government. In May and June, the following 10 hospitals decreased their high-impact payments and returned an overall of $183.1 million in funds, according to CDC data..

Congress designated $175 billion in relief help to health centers and other doctor to cover costs and lost incomes tied to the COVID-19 pandemic, however some medical facilities have returned the relief funds in recent months..

Tanner Medical Center – Villa Rica (Ga.) Grant quantity: $27.4 million Funds returned June 3.

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HSHS St. Johns Hospital (Springfield, Ill.) Grant amount: $27.9 million Funds returned May 13.

Tanner Medical Center – Carrollton (Ga.) Grant amount: $35.2 million Funds returned June 3.

M Health Fairview St. Josephs Hospital (Saint Paul, Minn.) Grant quantity: $24.3 million Funds returned May 26.

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Oakland, Calif.-based Kaiser Permanente announced in June that it returned more than $500 million in grants it got through the Coronavirus Aid, Relief and Economic Security Act. The nonprofit system ended the first quarter of this year with a $1.1 billion net loss, its finances bounced back in the 2nd quarter. © Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this material?

Coosa Valley Medical Center (Sylacauga, Ala.) Grant amount: $8.7 million Funds returned May 21.

Oakland, Calif.-based Kaiser Permanente announced in June that it returned more than $500 million in grants it got through the Coronavirus Aid, Relief and Economic Security Act. The nonprofit system ended the first quarter of this year with a $1.1 billion net loss, its financial resources bounced back in the second quarter. The 39-hospital system ended the 2nd quarter of this year with net earnings of $4.5 billion, up from $2 billion in the very same duration of 2019..

HCA Healthcare, a 186-hospital chain based in Nashville, Tenn., revealed Oct. 8 that it is returning $1.6 billion in provider relief grants it got under the CARES Act. The for-profit health center chain, which ended the 2nd quarter of this year with a $1.1 billion earnings, is also returning $4.4 billion in sped up Medicare payments before the loans are due..

M Health Fairview University of Minnesota Medical Center-West Bank (Minneapolis) Grant amount: $17.2 million Funds returned May 26.

Drew Memorial Health System (Monticello, Ark.) Grant amount: $8.9 million Funds returned May 15.

Springhill Medical Center (Mobile, Ala.) Grant quantity: $10.1 million Funds returned May 13.

M Health Fairview Southdale Hospital (Edina, Minn.) Grant amount: $8 million Funds returned May 26.

Memorial Hospital at Gulfport (Miss.) Grant quantity: $15.4 million Funds returned May 11.