UAB Hospital Losing $70 Million Per Month Due To COVID Restrictions
UAB Hospital is taking a financial hit from COVID-19. Officials announced Friday a projected loss of $70 million per month due to reduced clinical visits, elective surgeries and hospital stays.
“To get ready for the COVID crisis and to take care of these patients, we had to significantly decrease our clinical activity,” said UAB Health System CEO Will Ferniany in a video statement. “During the first month, we had about 3,000 elective surgery visits canceled … almost 11,000 less patient days in our hospital, and about 85,000 fewer visits to our clinics.”
Ferniany said the health system is estimated to lose around $230 million by the end of the fiscal year on September 30. He said UAB has received about $30 million in federal stimulus money to help hospitals deal with the crisis, and will seek additional financial assistance through the Centers for Medicare and Medicaid Services (CMS) and the Federal Emergency Management Agency (FEMA). He said officials are minimizing expenses and have stopped all hiring and travel.
“To deal with this, and we have to deal with it so we can be ready to care for the people of Alabama in the future, we’re trying to re-open the hospital as quickly and safely as possible, to be here to treat the people that need our care,” Ferniany said.
UAB Hospital is the largest in Alabama. It has cared for 185 COVID-19 patients, roughly 25% of those who have been hospitalized for the virus statewide. UAB officials say the health system has been instrumental in helping Alabama fight the virus by expanding testing capacity, leading in research efforts and consulting with state leadership.
Crew of fatal US military crash included Alabama father recently deployed
The six U.S. service members who died in the crash of a U.S. military refueling aircraft included an Alabama father who had just been promoted and deployed. The U.S. government released the identities of the deceased service members Saturday.
Alabama poised to drastically overhaul utility regulation. Will it lower electric bills?
The Alabama Senate unanimously voted to expand the public service commission, and create a Secretary of Energy to address rising electricity prices. A bill in the House would go even further, requiring rate case hearings and limiting utility profits.
Musher from Alabama is going for back-to-back Iditarod wins
Riches and paid appearances haven’t followed Jessie Holmes since he won the world’s most famous sled dog race, the Iditarod, last year. He doesn't mind.
Bill would move Alabama to closed primaries
Right now, any Alabama voter can participate in a primary election. Lawmakers in Montgomery took up a bill this week that would change that system.
Auburn football player uses NIL funds to open a community hub in Birmingham
Jourdin Crawford, a freshman defensive lineman at Auburn, used earnings from a Name, Image, and Likeness deal to give back to his hometown.
Ivey commutes death sentence of inmate whose accomplice fired fatal shot
Charles “Sonny” Burton was sentenced to death for the killing of Doug Battle during a 1991 robbery. However, another man shot Battle when Burton had left the building.
