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PA Hospitals Out $5 Billion From COVID-19

Pennsylvania hospitals reported a combined $5 billion in additional expenses and lost revenue associated with the COVID-19 public health emergency during the nine-month period from January through September, according to a new report from the Pennsylvania Health Care Cost Containment Council.

The report breaks down the additional costs and lost revenue as follows:

  • staffing expenses – $379 million
  • testing expenses – $81 million
  • supplies and equipment: $258 million
  • construction – $21 million
  • housing care – $500,000
  • other expenses – $88 million
  • lost revenue – $4.1 billion

These figures, the report notes, do not reflect emergency funds hospitals received through the Coronavirus Preparedness and Response Supplemental Appropriations Act, the Families First Coronavirus Response Act, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), or the Paycheck Protection Program and Health Care Enhancement Act.

Learn more about how COVID-19 has affected the financial performance of Pennsylvania’s hospitals in the PHC4 analysis “COVID-19 Disaster Emergency Report.”

 

Filed in Coronavirus, COVID-19.

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