American Hospital Association asks Congress for more action as health systems expect to lose $323 billion

Healthcare Finance News June 30, 2020
Susan Morse

HHS is expected to renew the Public Health Emergency before it expires in July, tweeted Michael Caputo, HHS’s assistant secretary for public affairs.

Hospitals and health systems continue to suffer the financial strain of COVID-19 at an estimated cost of over $20 billion a month, according to the American Hospital Association.

In a new report, the AHA estimates an additional $120.5 billion in financial losses from July through December due to lower patient volumes. These estimates are in addition to the $202.6 billion in losses between March and June, according to the AHA in a report released last month.

This brings total losses for the nation’s hospitals and health systems to at least $323.1 billion in 2020.

Hospitals...