skip to Main Content

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

This is the discussion board assignment: COVID-19’s Impact on Hospitals’ Financi

Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates

For This or a Similar Paper Click To Order Now

This is the discussion board assignment:
COVID-19’s Impact on Hospitals’ Financial Health
Due to COVID-19, hospitals faced dire financial challenges: declining revenues, increased cost, and high uncompensated care caused in large part by employment loss, to name a few.
In this discussion, in no less than 200 words, please identify and articulate examples in these situations with data to illustrate your point of view. In addition, please reply in no less than 100 words to one of your classmates’ posting. Both postings should present quality, thoughtfulness, and unique perspectives. Graphs and other visual illustrations are highly encouraged.
_______________________________________________________________________________________
Blow is my classmate’s (VS) posting, and you should reply in 100 words.
The pandemic has been difficult on almost every industry but one of the hardest-hit is healthcare. Financially, organizations have to keep their losses at a minimum, bear the expenses to conduct operations and have profit at the end of each period. While I was researching Covid-19’s impact on Hospital’s Financial Health, I found an article called Hospitals & Health Systems Face Unprecedented Financial Pressures due to Covid, by the American Hospital Association. The article highlighted the various implications of Covid. On the finance side, “The AHA estimates that $202.6 billion in losses for America’s hospitals and health system in four months. The average loss per month is $50.7 billion.” From this article, I saw how much money is made by hospitals and how profitable most of the industry was before the pandemic. But some hospitals in low socioeconomic communities were suffering before COVID.  During COVID, those hospitals are barely holding on. Even though the government has provided relief through the CARES Act, some health systems will not recover post-pandemic. In my opinion, the hardest-hit communities will see hospitals close their doors, and this creates many questions such as how will those communities access care, and who will help cover the loss for the hospitals that stay open after the pandemic. From a financial aspect, I also worry about how the money provided by the government as well as the PPE is distributed. The most important aspect of helping hospitals is to provide equitable solutions to ensure all communities can stay above water when dealing with the pandemic. “The losses in revenue have also been met with a sharp increase in costs for hospitals since the beginning of the pandemic. The Kaiser Family Foundation estimates the cost of treating a patient with Covid-19 could be more than $20,000 and over $80,000 for patients that need a ventilator.”  Although other industries may survive price increases, I do not believe health is one of them. Healthcare in America is already extremely expensive, and many families face medical bankruptcy. “The estimated average cost of treating patients with commercial coverage is $38,221.” Most families cannot financially afford care. I think is it important to make sure that we are financially reviving hospitals but not hurting everyday Americans in the process.
https://www.aha.org/guidesreports/2020-05-05-hospitals-and-health-systems-face-unprecedented-financial-pressures-due

For This or a Similar Paper Click To Order Now

Quality Papers

At eliteacademicessays.com, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Elite academic helpers ensure that they craft each paper carefully to match the requirements of the instruction form.

Affordable Prices

Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.

Professional Academic Writers

With eliteacademicessay.com, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.

Customer Support 24/7

Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: support@eliteacademicessays.com

.

100% Originality

Eliteacademicessays.com maintains a zero-plagiarism policy in all papers. As such, Elite academic essays professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.

On-Time delivery

Elite Academic Essays guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.

Our Homework Writing Disciplines

Get High-Quality Homework Writing Services
Back To Top