The U.S. Navy hospital ship USNS Comfort enters New York Harbor during the coronavirus outbreak in New York City, Monday, March 30. Read more...
In the middle of the coronavirus crisis, some hospitals fear financial ruin
As officials scramble to supply hospitals with much needed protective equipment for doctors and nurses fighting the novel coronavirus on the front lines, hospital leaders around the country warn that they are running low on another critical supply: money.
Hospitals have taken a significant loss of revenue as they cut back lucrative elective procedures to free up resources to treat COVID-19 patients. At the same time, they are pouring money into efforts to fight the virus like buying personal protective equipment (PPE) supplies, providing child care for staff and overtime pay, transforming units to COVID-19 wings for treatment and setting up drive-thru testing sites, hospital officials told ABC News.
By Olivia Rubin and Soo Rin Kim March 30, 2020, 4:04 AM
"If we don't bail out the hospitals, we're going to lose ... the front lines."As officials scramble to supply hospitals with much needed protective equipment for doctors and nurses fighting the novel coronavirus on the front lines, hospital leaders around the country warn that they are running low on another critical supply: money.
Hospitals have taken a significant loss of revenue as they cut back lucrative elective procedures to free up resources to treat COVID-19 patients. At the same time, they are pouring money into efforts to fight the virus like buying personal protective equipment (PPE) supplies, providing child care for staff and overtime pay, transforming units to COVID-19 wings for treatment and setting up drive-thru testing sites, hospital officials told ABC News.
New York Gov. Andrew Cuomo this week called the combination a "double whammy." For hospital systems across the country the costs are astronomical and state officials told ABC News they fear some facilities do not have enough cash to keep up.Hospital leaders in numerous states echoed the dire concerns about their facilities and the urgent need for an infusion of funding.
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