Governor Tony Evers announced that $40 million in financial assistance will go to hospitals to help them with their COVID-19 losses.
Hospitals all across the state are facing lost revenue and expenses due to the global pandemic. This funding will help pay for those expenses and make up for the lost revenue.
The funding was given to Wisconsin as a part of the federal CARES act. The Wisconsin Department of Health Services (DHS) will distribute the funds to hospitals all across the state.
“Our hospitals have been doing more with less throughout the COVID-19 pandemic, caring for vulnerable Wisconsinites and keeping our communities healthy and safe,” said Gov. Evers. “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 which will be based on hospital percentage of both inpatient and outpatient Medicaid revenue, compared to other facilities throughout the state.
DHS will be reaching out to hospitals with more information. They can expect to see payments beginning the second week of July.