Pandemic cost Pennsylvania hospitals $8.1B, report finds

COVID-19-related expenses and lost revenue reported by Pennsylvania hospitals and health systems from January 2020 through December 2022 totaled $8.1 billion, according to a report published Jan. 11 by the Pennsylvania Health Care Cost Containment Council and the Hospital and Healthsystem Association of Pennsylvania.

Of the $8.1 billion, labor costs incurred were $1.3 billion. the largest expense reported. The $1.3 billion labor cost includes increased staffing and labor expenses as a result of the pandemic, acquiring additional staff resources to expand or maintain access to care and staffing emergency operation centers, as well as costs related to COVID-19 training for providers and staff.

Below is a breakdown of total COVID-related expenses for Pennsylvania hospitals from January 2020 through December 2022:

  • Staffing: $1.3 billion
  • Testing: $374 million
  • Supplies and equipment: $679 million
  • Construction: $28 million
  • Housing care: $9 million
  • Other: $434 million
  • Revenue loss: $5.3 billion

Click here for more details on the report.

 

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