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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: Hospitals Face Continued Financial Challenges One Year into the COVID-19 Pandemic
This document outlines the financial impact of COVID-19 on hospitals and health systems.
AHA Testimony for the Committee on Ways and Means Subcommittee on Oversight
Tax-exempt hospitals have special obligations to their communities in exchange for that privilege. They report the amounts they spend on community benefits yearly and conduct a community needs assessment at least every three years. There is no doubt that these hospitals both meet and exceed any requirements and expectations that attach to the privilege of tax exemption.