The Financial Impact of COVID-19 on Children's Hospitals

The Financial Impact of COVID-19 on Children's Hospitals

Analysis of volume and financial data highlights the effects of the COVID-19 pandemic on children's hospitals.
Quick Takes

  • 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. 

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.

Related Content

Reducing Staff Injuries Related to Behavioral Health Patients

A 90-day sprint led to decreased staff harm, patient self-harm and use of restraints among behavioral health patients.

Jan. 30, 2023

How to Protect Your Hospital From Cyberattacks

The cost of cybercrime is higher in health care than in any other industry. Here are five ways to safeguard networks and systems.

Jan. 30, 2023

Fiscal Year 2023 Omnibus Summary

This detailed summary of the FY 2023 Omnibus focuses on those provisions of most interest to children’s hospitals.

Jan. 13, 2023