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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: 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.