CARES Act

Pandemic drives $221M operating loss for Providence

by Nile
August 19, 2020

Providence posted a $221 million operating loss in the first half of 2020 due to the Covid-19 pandemic. The Washington-based health system saw patient volumes decline by 13% in the first six months.

HCA posts a billion-dollar profit, bolstered by CARES Act funds

by Nile
July 22, 2020

HCA Healthcare posted a $1.07 billion profit in the second quarter, despite a dropoff in patient volumes due to the cancelation of elective procedures. A large portion of that stemmed from relief funds allocated through the CARES Act.