AHA participates in business forum on COVID-19

May 01, 2020 - 03:55 PM
COVID19 Web Sized

Participating today in a virtual event on the COVID-19 pandemic, AHA President and CEO Rick Pollack talked with David Rubenstein, president of The Economic Club of Washington, D.C., about the financial challenges hospitals face.

“Right now hospitals are facing what I would call a triple whammy,” Pollack said, describing the increased expenses associated with preparing and caring for COVID-19 patients and covering the uninsured while very little revenue comes in from regular operations due to the need to cancel non-emergency procedures. “In fact, we are probably facing the biggest financial crisis in our history. … There’s no question that hospitals’ viability is going to be threatened and we will see closures as a result of this unless we’re able to get the kind of assistance that’s necessary.”

Association of American Medical Colleges President and CEO David Skorton, M.D., also joined him for the conversation and discussed the impact of the pandemic on America’s medical schools. A replay of the event is available on the Economic Club website. 

Related News Articles

Headline
Certain PREP Act liability protections for COVID-19 countermeasures extended through 2029 
The Department of Health and Human Services Dec. 10 amended the Public Readiness and Emergency Preparedness Act declaration for COVID-19, extending liability…
Headline
View the AHA's latest United Against the Flu toolkit celebrating fall
AHA's latest social media toolkit for encouraging vaccination against the flu and COVID-19 provides fall-themed social media posts and graphics. Download the…
Headline
CDC recommends two doses of COVID-19 vaccine for older individuals, lowers pneumococcal vaccine age 
The Centers for Disease Control and Prevention last week endorsed a recommendation for people aged 65 and older and for immunocompromised individuals to…
Headline
CMS releases final guidance on hospital respiratory data condition of participation reporting requirements 
The Centers for Medicare & Medicaid Services Oct. 22 released final guidance detailing reporting requirements for the hospital respiratory data condition…
Headline
CDC reminds hospital and health system workers to protect themselves, patients during respiratory virus season
The Centers for Disease Control and Prevention is reminding clinicians and other health care workers to take necessary steps to keep themselves and their…
Headline
Study: First wave of COVID-19 increased heart attack, stroke risk up to 3 years later 
The National Institutes of Health Oct. 10 released results of a study that found that infection from COVID-19 in the first wave of the pandemic appeared to…