UPMC Hamot has received $ 14 million in CARES Act funding to replace some of the patient revenue that was lost in 2020 due to the COVID-19 pandemic.
Hamot was one of many hospitals across the country to receive funding from the federal government under the CARES Act.
“The funding has certainly offset some of our expenses,” said David Gibbons, President of UPMC Hamot. “When the pandemic started, there was a pretty dramatic drop in patient numbers between March and May. We also rolled out the paycheck protection program, secured personal protective equipment for our employees, and opened a testing clinic and now a vaccination clinic.”
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Gibbons spoke for the entire healthcare system on Friday after attending the UPMC fourth quarter 2020 financial briefing. It focused on the Erie Hospital in honor of its 10th anniversary with UPMC.
Hamot officials did not reveal any financial information for the fourth quarter or 2020 during the briefing as UPMC only discloses its finances as a unit. The Pittsburgh-based healthcare system saw operating revenues grow 12% in 2020, largely driven by profits from the UPMC Health Plan.
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However, Gibbons said the fourth quarter of 2020 was busy for Hamot as COVID-19 cases and hospital stays increased.
“At one point, all six COVID units were operational,” Gibbons said. “Part of the problem was the inability to discharge some patients to local long-term care facilities.”
COVID-19 cases have decreased significantly since the beginning of January. Only 16 COVID-19 patients were hospitalized in Hamot on Friday, Gibbons said.
Contact David Bruce at firstname.lastname@example.org. Follow him on Twitter @ETNBruce.