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Hospitals describe steep revenue losses and uneven CARES Act distributions
Summary
Hospital association leaders told the committee hospitals spent millions on PPE and testing and recorded steep revenue declines after elective procedures were halted; CARES Act funds reached some Arkansas hospitals but distribution formulas left gaps for medium and rural providers.
Beau Ryle, president and CEO of the Arkansas Hospital Association, told the committee that hospitals across the state have incurred large expenses to respond to the pandemic and have seen sharp drops in patient volume.
Ryle said hospitals spent about $34 million in the first six weeks on PPE, testing supplies and testing sites, and estimated a…
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