State to funnel $40 million to hospitals for COVID-19 losses

The state will send $40 million from the federal CARES act to hospitals to help offset lost revenue and increased expensive caused by the coronavirus pandemic.

Gov. Tony Evers said the payments will be distributed by the Wisconsin Department of Health Services, according to a news release.

“Our hospitals have been doing more with less throughout the COVID-19 pandemic, caring for vulnerable Wisconsinites and keeping our communities healthy and safe,” Evers said in the news release. “This support is critically needed as we continue to battle this virus and ensure high quality care for Wisconsinites.”

Hospitals will receive a single payment from DHS based upon their percentage of both inpatient and outpatient Medicaid revenue, compared to other facilities throughout the state.

Calculated payments will be offset by COVID-19 related relief payments provided by other federal programs, private insurance, the Indian Health Service, Medicaid, or Medicare.

The $40 million program is in addition to the distribution of personal protective equipment, as well as COVID-19 test kits and other supplies directly to hospitals and health care partners across the state, according to the governor's office.

DHS will be reaching out to hospitals with more details on the program. Hospitals can expect to begin receiving payments by the second week in July.

To read more go to WKOW:

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