ºÚÁϲ»´òìÈ report examines COVID-19 toll on Pennsylvania hospitals
May 11, 2020
A report completed by ºÚÁϲ»´òìÈ colleagues estimated the potential financial impact on hospitals and health systems of the current COVID-19 pandemic in the Commonwealth of Pennsylvania.
The analysis, completed in mid-April, concluded that Pennsylvania hospitals and health systems are likely to experience losses in excess of $7 billion for the final 10 months of 2020 after accounting for federal disaster relief payments, based on emergency relief legislation that had been passed at the time. ºÚÁϲ»´òìÈ Principal Tom Marks and Senior Consultant Mary Goddeeris completed the report, , on behalf of the Hospital and Healthsystem Association of Pennsylvania (HAP). ºÚÁϲ»´òìÈ conducted interviews and collected data from finance officials at a sample of health systems and projected the findings across the population of Pennsylvania hospitals and health systems. The interviews and analysis were completed in mid-April, well before the full effect of the pandemic could be measured. Financial leaders consistently reported enormous declines in patient service from mid-March to mid-April due to the cancellation and deferral of non-emergency services. While there are varying assumptions about the return of pre-pandemic patient service volumes, all leaders projected a bleak forecast for the second quarter and continued negative impact of service disruption for the rest of 2020.
Learn more about ºÚÁϲ»´òìÈ’s multi-faceted COVID-19 response.