Hospitals could lose between $53 billion and $122 billion due to the lingering effects of COVID-19, depending on the speed of vaccine distribution and complete recovery of patient volumes, according to a new report from Kaufman Hall.
The report, released Wednesday and commissioned by the American Hospital Association (AHA), details several factors that will continue to depress hospital finances this year. The report comes as the AHA is pressing Congress to include more money for the provider relief fund in its next package.
“Whether recovery from COVID-19 in 2021 is relatively rapid or relatively slow, America’s hospitals will face another year of struggle to regain their financial health while providing necessary care and services to a nation that is continuing to experience the effects of an unprecedented pandemic,” the report said.
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