Bay Area’s wealthiest hospitals get biggest coronavirus grants

Bay Area’s wealthiest hospitals get biggest coronavirus grants

4 years ago
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https://www.mercurynews.com/2020/06/01/bay-areas-wealthiest-hospitals-get-biggest-coronavirus-grants/

The region’s wealthiest health care providers are pulling in hundreds of millions of dollars in coronavirus emergency funds from the federal government while struggling hospitals are getting just a fraction of the relief.

Stanford Health Care — which had net operating revenue of more than $447 million in 2018 — received more than $102.4 million from the U.S. Department of Health and Human Services, the most in the Bay Area, in the agency’s initial round of distributions. Just up the Peninsula, safety-net hospital Seton Medical Center — in the hole when it comes to net operating revenue — got a comparatively paltry $4.35 million.