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Hospitals begin road to recovery

Hospitals want and need to get back to semi-normal, having suffered enormous financial losses from COVID-19, resulting in staff furloughs and wage reductions.

The $100 billion in the Coronavirus Aid, Relief, and Economic Security Act helped providers stay afloat. Hospitals received $50 billion directly. The remaining $50 billion went to pay for the claims of the uninsured and to target COVID-19 hot spots, rural hospitals and Indian Health Service facilities.

The money did not go far enough to keep health systems from having to cut expenses, which in most cases meant personnel.

Read full article from Susan Morse of Healthcare Finance here.