The first $50 billion in funding from the Coronavirus Aid, Relief and Economic Security Act was delivered to hospitals in April. HHS distributed $30 billion based on Medicare fee-for-service reimbursements and another $20 billion based on hospitals’ share of net patient revenue.
HHS announced May 1 that it is sending $12 billion to 395 hospitals that provided inpatient care for 100 or more COVID-19 patients through April 10. The agency said those hospitals accounted for 71 percent of COVID-19 inpatient admissions reported to HHS from 6,000 hospitals across the U.S.
HHS released new data May 8, sharing where the $12 billion in funding went. Below are the 25 hospitals that received the most funding.
1. Long Island Jewish Medical Center (New Hyde Park, N.Y.): $277.7 million
2. Holy Name Medical Center (Teaneck, N.J.): $213.4 million
3. Tisch Hospital (New York City): $203.2 million
4. Montefiore Hospital-Moses Campus (New York City): $156.7 million
5. Columbia University Irving Medical Center (New York City): $152.7 million
6. NewYork-Presbyterian Queens (New York City): $143.3 million
7. Mount Sinai Medical Center (New York City): $140.8 million
8. Sandra Atlas Bass Heart Hospital (Manhasset, N.Y.): $137.5 million
9. Maimonides Medical Center (New York City): $131.5 million
10. Weill Cornell Medical Center (New York City): $118.6 million
11. New York City Health + Hospitals/Elmhurst: $111.3 million
12. NYU Winthrop Hospital (Mineola, N.Y.): $108 million
13. Hackensack (N.J.) University Medical Center: $98.1 million
14. BronxCare Hospital Center-Fulton Campus (New York City): $91.5 million
15. Staten Island University Hospital-South Campus (New York City): $91.4 million
16. Ochsner Medical Center-West Bank Campus (Gretna, La.): $91.3 million
17. Montefiore Hospital-Einstein Campus (New York City): $89.2 million
18. St. Joseph’s University Medical Center (Paterson, N.J.): $88.2 million
19. NewYork-Presbyterian Brooklyn Methodist Hospital (New York City): $87 million
20. New York City Health + Hospitals/Bellevue: $86.7 million
21. Stony Brook University Hospital (New York City): $83.3 million
22. New York City Health + Hospitals/Kings County: $78.9 million
23. NewYork-Presbyterian Allen Hospital (New York City): $76.9 million
24. New York City Health + Hospitals/Lincoln: $76.1 million
25. Jamaica Hospital Medical Center (New York City): $75.9 million
More articles on healthcare finance:
Walmart Health expands as physician practices face cash crunch
How CHS, Tenet, HCA and UHS fared in Q1
HHS doling out $22B to COVID-19 hotspots, rural hospitals
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.