Funding for healthcare providers during the coronavirus pandemic
Funding overview
The Covid-19 pandemic has had a huge impact on how hospitals and healthcare providers operate
In terms of the resources needed to fight the virus. Trump and the Trump Two Administration
Biden has passed various policies to ease financial pressure on health care providers. That
Financial aid offered to cover new coronavirus-related costs
Reduce the impact of lost income from delays in non-urgent care (Ochieng et al., 2022).
This memorandum describes the main sources of federal funding and how they are used.
Hospital and Physician Services
Regarding the impact of the coronavirus on hospital and doctor services, there are
Hospitalizations and use of other health care services fall
providers, resulting in a significant loss of revenue for hospitals, physicians and outpatient centers.
Ochieng et al. (2022) considered a report by MedPAC (Medicare Payment Consultation)
Committee) explained that Trump initiated aid funding and cost cuts
Funding Health Providers During a Pandemic 2
Management helped some hospitals stay profitable in 2020. In addition, the six
Hospital profits surpass pre-pandemic levels in 2021, according to MedPAC
preliminary data. Total health care spending in the second quarter of 2021 will be less than
Expected levels despite sharp rebound in hospital revenues in 2021 under Biden
administrative. In Implications for Physicians, MedPAC Emphasizes Electives
Services and primary care visits between June 2020 and December 2020
Data for 2019 (Ochieng et al., 2022). Furthermore, an analysis by MedPAC showed this at an early stage
In-person office visits declined in 2020 as allowed telehealth costs increased
services (Ochieng et al., 2022).
Provider Relief Fund
Provider Relief Fund is provided under the CARES Act to help hospitals and other institutions
Healthcare providers are absorbing unrecoverable costs and lost revenue from the pandemic.
Congress approved additional funding for the Provider Relief Fund in 2021 (Tolbert et al.
et al., 2022). HHS provides $170.9 billion of $178 billion approved by Congress
As of December 2021, $7.1 billion remains unallocated. $143.5 billion disbursed to date
December 2021 (Ochieng et al., 2022).
Funding Healthcare Providers During a Pandemic 3
relation
Ochieng N, Biniek JF, Musumeci MB, and Neumann T (2022). healthcare funding
Providers During a Pandemic: An Update. Retrieved from: https://www.kff. Organization/Policy-
Watch/fund healthcare provider updates during the pandemic.
Tolbert J, Artiga S, Kates J, and Rudowitz R (2022). Effects of Federal Forfeiture
COVID-19 funding is for access to COVID-19 testing, treatment and vaccines.
Retrieved from: https://www.kff.org/coronavirus-covid-19/issue-brief/implications-of-
the-covid-19-federal-funding-process-in-access-to-covid-19-testing-treatment-and-
Vaccination/
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