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AHA report: Losses deepen for hospitals and health systems

An American Hospital Association (AHA) report released this week finds the growing financial strain facing hospitals and health systems due to COVID-19 will continue through at least the end of 2020. The report estimates an additional minimum of $120.5 billion in financial losses, due in large part to lower patient volumes, from July 2020 through December 2020, or an average of $20.1 billion per month. These estimates are in addition to the $202.6 billion in losses the AHA estimated between March 2020 and June 2020 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. While potentially catastrophic, these projected losses still may underrepresent the full financial losses hospitals will face in 2020, as the analysis does not account for currently increasing case rates in certain states, or potential subsequent surges of the pandemic occurring later this year. If the current surge trends continue, the financial impact on hospitals and health systems could be even more significant. A copy of the full AHA report can be found on the AHA’s website here.

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