HCA Healthcare returned or repaid early approximately $6 billion in CARES Act funding.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 27, 2020, provided funding to help healthcare providers, including HCA Healthcare, reimburse lost revenue and additional expenses attributable to the COVID-19 outbreak. This funding has played an essential role in allowing healthcare providers to continue to provide high-quality care to patients and communities across the country.
total CARES Act funds returned or repaid early by HCA Healthcare
At the onset of the pandemic, HCA Healthcare took a number of actions to meet the operational and financial challenges expected throughout the pandemic. As a result of these actions, and other factors, HCA Healthcare was positioned to do the right thing — return or repay early all Provider Relief Fund distributions of approximately $1.6 billion and approximately $4.4 billion in Medicare accelerated payments.