Contact: Barry D. Buckingham
PHC4 releases fourth quarter 2021 report on the effect of the COVID-19 disaster emergency on hospitals and health care facilities in the Commonwealth
Harrisburg, PA – April 21, 2022 – The Pennsylvania Health Care Cost Containment Council (PHC4) has issued this report to provide data on the effect of the COVID-19 disaster emergency on Pennsylvania hospitals and health care facilities. In completing this report, PHC4 aggregated data related to fourth quarter of 2021 COVID-19 expenses and lost revenue as reported by hospitals and health systems in the Commonwealth.
Pennsylvania hospitals and health systems reported $244,685,752 in COVID-19 costs, between related expenses and revenue losses for the period October 2021 â December 2021. These expenses and revenue losses were attributable to coronavirus and used to prevent, prepare for and respond to the coronavirus pandemic. Total COVID-19 related expenses and lost revenue reported by Pennsylvania hospitals and health systems through December 2021 (Jan 2020-December 2021) were $7,169,954,900.
âItâs important to note that the while the number of hospitals compliant with reporting has decreased, from 91% reporting for the first three-quarter of 2020, to 48% reporting for the fourth quarter 2021, the report shows the significant financial impact on Pennsylvania hospitals and health systems.â said Barry D. Buckingham, executive director of PHC4.
Specific breakdowns for the Q4 (October 2021 â December 2021) period include:
- Staffing Expenses: $88,792,038
- Testing Expenses: $39,669,604
- Supplies & Equipment Expenses: $43,188,582
- Construction Expenses: $529,012
- Housing Care Expenses: $264,530
- Other Expenses: $21,413,086
- Revenue Loss: $50,828,900
PHC4 is an independent state agency charged with collecting, analyzing and reporting information that can be used to improve the quality and restrain the cost of health care in Pennsylvania. The COVID-19 Disaster Emergency Report is available from PHC4âs website at www.phc4.org.