In a published yesterday, AHA President and CEO Rick Pollack notes, 鈥淓ven before the Covid-19 pandemic, the financial state of many hospitals was very fragile, with one of every four hospitals in America operating in the red.

鈥淓very hospital in America prepared for Covid-19 patients. Moreover, every hospital stopped doing regularly scheduled procedures. As a result, expenses have skyrocketed and revenues have virtually dried up. Our own report found that hospitals and health systems are projected to lose more than $200 billion between March 1 and June 30 because of this pandemic.

鈥淎nd while $44 billion in relief funds has been sent to hospitals, the government assistance won鈥檛 make up for the catastrophic financial losses created by Covid-19. Moody鈥檚 also found that the federal aid won鈥檛 completely cover the revenue hospitals will lose.

鈥淲e need support and resources to ensure that we can continue to deliver the critical care that our patients and communities depend on, while also ensuring that we are prepared for the continuing challenges we face from this pandemic, as well as other potential emergencies.鈥

Related News Articles

Headline
The Food and Drug Administration July 15 announced a recall by Sandoz on certain lots of cefazolin, due to the lots being mislabeled as penicillin G potassium鈥
Headline
 The Food and Drug Administration July 10 approved Moderna鈥檚 Spikevax COVID-19 vaccine for children under 12 with at least one underlying condition that鈥
Headline
The Occupational Safety and Health Administration June 30 released a proposed rule to remove what remains of its emergency temporary standard for occupational鈥
Headline
Department of Health and Human Services Secretary Robert F. Kennedy Jr. May 27 announced in a post on X that the Centers for Disease Control and Prevention鈥
Headline
Leaders of the Food and Drug Administration May 20 announced new guidelines for administering the COVID-19 vaccine in a paper published by the New England鈥
Headline
A study published April 8 by the Public Library of Science鈥檚 Journal of Global Public Health found that driving while infected with COVID-19 raises the risk of鈥