The COVID-19 crisis has caused dramatic financial harm to California hospitals, according to a new data analysis prepared by Kaufman Hall for the California Hospital Association. The current and future financial impacts of the pandemic on California hospitals include:

  • A 35% decline in discharge volumes and 62% decline in ED visits in April 2020, as compared to typical monthly volumes
  • A likely net loss in revenues of $14.6 billion through the end of December 2020

This report has two sections:

  1. Pre-COVID Hospital Financial Health: Key metrics that measure the financial performance of hospitals, and hospitals’ overall health pre-COVID-19
  2. Financial Effects of COVID-19: Findings of current and projected impacts of COVID-19 on net revenues and volumes, along with a discussion of possible long-term effects of the crisis on California hospitals