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UCSD Health says it's lost at least 50M since mid-March

UCSD Health
Posted at 1:42 PM, Apr 27, 2020
and last updated 2020-04-27 16:44:05-04

SAN DIEGO (KGTV) — UCSD Health says it has lost at least $50 million in revenue since mid-March amid COVID-19.

According to UCSD Health spokesperson Jackie Carr, a drop in the hospitals' average daily census and inpatient occupancy of 25 to 35 percent will account for a decrease of more than $50 million a month starting in mid-March.

The losses stem from a combination of surgeries being postponed and reductions in certain forms of care, like occupational therapy, physical therapy, and cardiac rehab.


Carr added that the system's revenue is down about 30 percent with little to no offset in costs.

UCSD School of Medicine has asked each department to evaluate ways to reduce its budget by 5 to 15 percent. There haven't been any mandates on reducing compensation, Carr said.