New Report Shows COVID’s Financial Hit on Pennsylvania Hospitals

According to a new report by the Pennsylvania Health Care Cost Containment Council (PHC4) in collaboration with The Hospital and Healthsystem Association of Pennsylvania (HAP), Pennsylvania’s hospitals lost $8.1 billion during the COVID-19 pandemic but continued to provide economic value to the state. Of the expenses and lost revenue reported, the largest expense was staffing, which amounted to $1.3 billion. The report also indicates that in fiscal year 2022, hospitals provided an economic value of $182 billion in spending, an increase of $39 billion from before the pandemic in fiscal year 2019. Read the report.

The post New Report Shows COVID’s Financial Hit on Pennsylvania Hospitals appeared first on Pennsylvania Office of Rural Health.

Recommend0 recommendationsPublished in My Healthy Pennsylvania, Rural Health PA

Related Articles

What Are the Risk and Protective Factors for Violent Child Death?

Gun violence and traffic crashes may seem like unpredictable events. But they are not random. They are systematic. Data reveal trends and patterns in gun violence and traffic crashes that can help us identify risk factors and protective factors. This is especially important for addressing violent child deaths. So what does the data show? Join …
The post What Are the Risk and Protective Factors for Violent Child Death? appeared first on Salud America.

Latest Reports Released on Pennsylvania Hospital Utilization Rates!

The Pennsylvania Health Care Cost Containment Council (PHC4) publicly released new County-Level Utilization and Condition-Specific Reports today, giving stakeholders in Pennsylvania valuable insight into ambulatory/outpatient usage and hospitalization rates of high interest conditions, using the […]
The post Latest Reports Released on Pennsylvania Hospital Utilization Rates! appeared first on Pennsylvania Office of Rural Health.