ORD_Buckeye
Wrong glass, Sir.
Yes, because hospitals have clearly been prioritizing money making for the past two months.
But please, tell me more about how both sides of my family have been lying about covid cases. I'm sure your youtuber has all of the facts on their dirty deeds.
Detailed analysis of how bad this is hurting hospitals financially.
Hospitals and other providers have already warned the nation that operations cannot handle the increasing volume of patients presenting with COVID-19. The pandemic has also prompted many organizations to cancel or delay revenue-driving procedures such as elective surgeries to free up capacity.
Some hospital CFOs have reported that their operations could shut down in the coming weeks as many organizations struggle to make payroll and pay vendors the rising prices of supplies in short supply, including personal protective equipment.
They found that a hospitalized COVID-19 patient will incur an average of $73,300 in costs. However, the total average allowed amount per commercially insured patient is just $33,221.
In total, hospitalized COVID-19 patients are projected to cost the system between $362 billion to $1.449 trillion in charges, depending on the incidence rate of the infection in the US population, the study found. Estimated allowed amounts ranged from $139 billion on the low end to $558 billion on the high end.
Many would lose between $8,000 and $10,000 per case, researchers stressed.
“The complexity of the patients is causing a decline in nurse staffing ratios as nurses and staff are required to help each other validate that their personal protective equipment (PPE) is properly fitted,” according to the analysis.
“Costs are also higher due to expanded cleaning regimens, PPE shortages, more frequent X-rays and CT scans, and overall higher supply and drug costs. Overall, it takes longer and requires more to care for these patients than even the proxy DRGs selected.”
Medicare is boosting Inpatient Prospective Payment System (IPPS) rates by 20 percent for COVID-19 hospitalizations.
However, the proxy group analysis showed that hospitals would still lose money with the Medicare payment bump, with most hospitals incurring a loss of about $1,200 per case.
And Texas is seeing a spike in cases as it rushes to reopen. Now, this could be the result of an accompanying spike in testing as Illinois experienced when Pritzker smuggled the planeload of test kits in from China, but this isn't certain yet.
Texas reported more than 1,000 new coronavirus cases for the third straight day as the state heads into its first weekend of reopening the economy with limited measures.
The Texas Department of Health reported 1,293 new positive cases of Covid-19 on Saturday, which is its second highest single-day infection rate. This also marks the first time Texas has recorded more than 1,000 cases three days in a row.
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