This report highlights the effects of the pandemic on pediatric hospitals by analyzing volume and financial data from January to December 2020, as compared to the same period in 2019. The data shows the reality of lagging recovery in 33 children's hospitals from the misperception that pediatric providers avoided material damages.
The Financial Impact of COVID-19 on Children's Hospitals
- Health care for children has declined significantly through the pandemic, resulting in large volume and revenue shortfalls.
- Children’s hospitals’ patient care revenues did not recover quickly.
- 90% of children’s hospitals experienced a negative financial impact in 2020.