Financial Implications of COVID-19 on Hospitals and Health Systems

Heading into the COVID-19 pandemic, the financial health of many hospitals and health systems were challenged, with many operating in the red. 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 below normal levels. This financial pressure has created a serious obstacle to keeping the doors open for many hospitals. While we appreciate the support from the Administration and Congress, we need further help to stay afloat to continue our mission of caring for patients and communities.



Related Resources

Advancing Health Podcast
Public
Join us to hear how Loyola University Health System’s new laboratory approach during the COVID pandemic was able to broaden communication and collaboration…
Advisory
Member
On Thursday, May 5, we expect the RAND Corporation to release the fourth version of its National Hospital Price Transparency Study, an employer-led initiative…
Special Bulletin
Public
The American Hospital Association today released a new report that examines the tremendous growth in a variety of input costs for hospitals and health systems…
Advancing Health Podcast
Public
In this podcast that highlights a new report from the AHA detailing these factors, Philip Pandolph, president and CEO, Meadville (PA) Medical Center and Chair…
Guides/Reports
A new AHA report highlights the significant growth in expenses across labor, drugs, and supplies, as well as the impact that rising inflation is having on…
Guides/Reports
Public
Hospitals appreciate the support and resources that Congress have provided throughout the COVID-19 pandemic; however, additional support is needed to keep…