FAH: Hospital closures loom if feds don’t distribute more cash to fight COVID-19

Fierce Health Payers April 13, 2020
Paige Minemyer

Hospital finances are on life support as the COVID-19 pandemic continues.

And without a quick windfall from the feds, many could shutter permanently, according to a new report.

The brief (PDF) from the Federation of American Hospitals (FAH) outlines the many ways they’re taking a hit, and the group is urging federal officials to step in quickly or risk closures, especially for rural facilities.

Hospitals are facing a one-two punch of financial struggles, according to the report. A rise in patients seeking care for COVID-19 in tandem brings a rise in uncompensated care, while the number of other procedures has plummeted.

“These extraordinary pressures are putting hospitals, particularly in rural areas, at increased risk of closure,” FAH said. “Absent swift...

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