July 1, 2020

AHA: COVID-19 to cost hospitals $323 billion

By: Judy Mathias

Editor's Note

The American Hospital Association on June 30 released a report on the financial strain facing hospitals and health systems because of COVID-19, with total losses expected to be at least $323 billion in 2020.

The total included $120.5 billion in financial losses that hospitals are predicted to see from July through December, in addition to the $202.6 billion in losses that were estimated between March and June.

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The losses are in large part because of  lower patient volumes.

Hospitals and health systems are reporting an average decline of 19.5% in inpatient volume and 34.5% in outpatient volume, compared with baseline levels last year. Most hospitals don’t expect to return to last year’s levels in 2020.


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