“The pandemic has now left a majority of California s hospitals financially challenged, unstable and in some cases broken,” Coyle says.
Coyle cited recent findings from Kaufman Hall, who found that hospitals have sustained $8.4 billion in losses and that’s with the government stepping in to provide assistance in 2020. They project hospital losses to be around $600 million to $2 billion for 2021.
During Wednesday’s conference, many hospitals voiced their concerns, detailing how their facilities lacked the necessary infrastructure and resources to handle a pandemic.
UC San Diego Health s CEO Patty Maysent says smaller operations aren’t the only ones who have been hit. Big ones are also struggling to make up for lost time and money.
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