Pandemic Taking Financial Toll on Indiana Hospitals
New Data Shows Financial Challenges for Hospitals Across the State
While Indiana hospitals continue to care for all Hoosier patients, including those with COVID-19, new data shows that the pandemic is causing significant financial challenges for hospitals across the state. With the impact of increased costs of supplies and other expenditures, suspension of elective procedures, and many patients’ avoidance of care, hospitals are operating at a significant financial loss. Though hospitals have benefited from federal support through various stimulus and relief programs, the IHA estimates that all this assistance accounts for only about 4% of hospitals’ typical annual net patient revenue.