Financial Impact of COVID-19 on Rural Federally Qualified Health Centers
Resource Topic: Emerging Issues, Finance, HIT/Data, Operations, Special and Vulnerable Populations
Resource Subtopic: COVID-19, Financial performance improvement, Financial trends, Sustainability.
Keywords: Access to Care, Data Collection, Management, and Analytics, Research, Rural Health Services, Uniform Data System (UDS).
Year Developed: 2021
Resource Type: Other
Primary Audience: Administrative Staff
Board of Directors
C-Suite (CEOs, CFOs, CIO, COOs, CMOs, etc.)
(See other resources developed by this organization).
Resource Summary: The Financial Impact of COVID-19 on Rural Federally Qualified Health Centers report highlights the net projected losses of Rural FQHCs from April 2020 through June 2021, after taking into account critical federal support made available through December 2020. (Released in 2021)
Resource Details: As a result of the COVID-19 pandemic, the nation’s 608 rurally-located Federally Qualified Health Centers (Rural FQHCs) experienced a 25% decline in patient visits between April and December 2020, as patients complied with stay-at-home orders. They pivoted quickly to providing care virtually, with 28% of visits delivered via telehealth. However, the loss in patient visits severely impacted health centers’ revenue, jeopardizing their financial viability even as they continue to play a critical role in the pandemic fight.