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Financial Implications of COVID-19 on Hospitals and Health Systems
The AHA, along with numerous others, have rightly labeled this pandemic the greatest financial threat in history for hospitals and health systems as we continue to fight this pandemic at the same time that non-COVID patient visits remain down. This financial pressure has created a serious obstacle to keeping the doors open for many hospitals.
More Support Needed to Help Hospitals and Health Systems Weather Third COVID-19 Wave
As the COVID-19 pandemic has persisted and again surged across the country, infecting more than 10 million people and resulting in nearly a quarter million deaths, America’s hospitals and health systems continue to face historic challenges. Since the start of the pandemic, hospitals and health systems have faced unprecedented financial pressures resulting from: the astronomical costs of preparing for a surge of COVID-19 patients, months of essential hospital revenue being erased due to the combination of a forced shutdown and slowdown of regular operations for non-emergent care; and treating a growing number of uninsured patients.
Fact Sheet: COVID-19 Pandemic Results in Bankruptcies or Closures for Some Hospitals
As the COVID-19 pandemic has persisted and again surged across the country, infecting more than 10 million people and resulting in over a quarter million deaths, America’s hospitals and health systems continue to face historic challenges. Since the start of the pandemic, hospitals and health systems have faced unprecedented financial pressures resulting from: the astronomical costs of preparing for a surge of COVID-19 patients, months of essential hospital revenue being erased due to the combination of a forced shutdown and slowdown of regular operations for non-emergent care; and treating a growing number of uninsured patients.
Fact Sheet: Financial Challenges Facing Hospitals and Health Systems as a Result of COVID-19
As hospitals rise to meet the challenges of COVID-19 head on, the virus and its effect on the nation have created historic financial pressures for America’s hospitals and health systems. Hospitals have canceled non-emergency procedures, and many Americans are postponing care as they shelter in place to stop the spread of the virus.
Fact Sheet: Hospital Costs Explained
The mission of each and every hospital in America is to serve the health care needs of the people in its community 24 hours a day, seven days a week. But, hospitals’ work is made more difficult by our fragmented health care system — a system that leaves millions of people unable to afford the health care services they need.
Fact Sheet: Hospitals Need Additional Flexibility on Repaying CMS Accelerated and Advance Payments
The Centers for Medicare & Medicaid Services’ (CMS) accelerated/advance payment program provides necessary funds when there are disruptions in claims submission and/or processing.
Fact Sheet: More Funding Needed for the Provider Relief Fund
The COVID-19 pandemic has resulted in historic challenges for hospitals and health systems and the communities they serve. The surging number of cases and hospitalization rates have directly impacted the U.S. health care system and its ability to continue to provide access to care.
COVID-19 Relief Reconciliation Advocacy
Congress is discussing another COVID-19 relief package, one that would use its reconciliation process to approve legislation that could spur the nation’s health and economic recoveries from the ongoing pandemic. The following resources will aid AHA members’ efforts to advocate on behalf of hospitals and health systems.