Hospitals will have to confront systemic problems to undo COVID-19 financial damage

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Hospitals will have to confront systemic problems to undo COVID-19 financial damage
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As the country nears its third year with COVID-19, the health care industry is taking stock of its pandemic damage. The reality isn’t pretty — almost 1 out of...

“In spite of the economic growth and folks moving to Texas, the revenue lags what we saw pre-pandemic because of all of these factors,” Texas Hospital Association president and CEO John Hawkins said. “I think it’s a pretty comprehensive story, not necessarily a great story.”

COVID-19 cases and hospitalizations dipped significantly this summer, giving hospitals a much-needed but short-lived break from the record-breaking patient volumes seen at the height of the omicron outbreak in January. , or RSV, especially in pediatric hospitals. Experts don’t know exactly when cases of all three respiratory viruses will peak.

Federal support through additional funding and the declaration of a public health emergency added a cushion for hospital systems navigating the pandemic. But eventually, those emergency implementations will end, and more than 1 million Texans could lose government health coverage as a result, The Texas TribuneThe end of the public health emergency declaration “is an issue of concern, but it’s mostly an issue of concern for the uninsured.

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