Finance & Budgeting
When the COVID-19 pandemic emerged, hospitals had to stop all but the most urgent non-COVID care. The result was a dramatic slowdown in volume of patients and in revenue, while expenses remained high. The result has been an unprecedented impact and an uncertain future about the ability of hospitals…
The AHA recorded this webinar on June 17 at 2 p.m. ET. Speakers from Kaufman Hall provided a comprehensive and in-depth guide for hospitals to help them assess and manage compliance with their bond covenants during the COVID-19 pandemic. The AHA moderated this conversation and attendees were able…
Hospitals’ already thin margins plunged into the red in March as non-emergency procedures and revenues fell and expenses for staff, supplies and building capacity rose to prepare for a surge in COVID-19 patients, according to a new report by health care consultancy Kaufman Hall.
The Senate today voted 67-28 to pass and send to the president a two-year budget agreement (H.R. 3877) that increases discretionary funding limits and suspends the debt limit for two years, through July 31, 2021. Without congressional action, statutory caps on discretionary funding would have…
President Trump has reached a bipartisan compromise with congressional leadership on a two-year budget and debt ceiling deal, the White House announced yesterday.
The Trump administration and congressional leaders are close to an agreement on overall spending levels in a two-year deal to raise the budget caps, as well as a two-year debt limit increase.
The House Ways and Means Committee today passed the Economic Mobility Act (H.R. 3300), tax legislation that includes an AHA-supported provision to repeal a costly tax code change in how non-profit employers such as hospitals must account for transportation and parking fringe benefits for employees…
The House of Representatives yesterday voted 226-203 to approve a package of four appropriations bills for fiscal year 2020, which includes legislation that would provide $189.9 billion in base discretionary funding for the departments of Labor, Health and Human Services and Education and related…
It is simply not true that hospital operating margins have been growing. Numerous studies and reports have been consistent that operating margins have decreased in recent years, as Medicare and Medicaid underpayments have continued to grow. Medicare payment-to-cost ratios have decreased in recent…
Patients should be confident in knowing that their hospital is their lifeline to access care in their community. The cuts proposed today raise serious concerns about how hospitals and health systems can ensure they serve as the safety net for their patients.