Becker's Healthcare December 7, 2022
The federal government provided tens of billions of dollars in COVID-19 aid to hospitals around the country to help deal with the pressures of the pandemic, but many recipients did not need the funds, according to a Dec. 4 report by The Wall Street Journal.
Federal aid strengthened some top-performing hospitals and health systems and failed to meet the needs of many others that were in financial disarray, the Journal found in an analysis of federal financial-disclosure reports.
The discrepancy is partly down to how the government calculated aid for hospitals. Revenue, as a useful indicator of a hospital or health system’s size, was used to allocate relief, instead of COVID-19 caseloads or financial pressure.
Some large health systems...
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