More than $500M in aid heading to Iowa hospitals covers only half of COVID-19 losses
Iowa Public Radio: Iowa hospitals received $190.3 million in CARES Act relief fund payments in April and were expecting as much as $360 million more in a second round of federal relief aid underway now, interviews and documents shared with IowaWatch show. Some of the state’s 118 hospitals also received in April advance Medicare payments worth $900 million in an accelerated payment program that requires the hospitals to pay back those funds with future Medicare billings. The cash helps, especially at small, rural access care hospitals of 25 or fewer beds that have been stretched thin during the COVID-19 pandemic, hospital and industry leaders said in IowaWatch interviews. But it won’t bring them to the break-even point. That’s because a lot of Iowa hospitals operated in the red before the pandemic hit.

University of Iowa hospitals expects $100 million coronavirus hit through June
Cedar Rapids Gazette: Coronavirus-related losses across the University of Iowa Health Care system could top $100 million through June 30, the end of its current budget year, leadership announced this week. And the next budget year could be even tougher as Iowa’s largest academic medical center has and continues to make its ability to respond to the COVID-19 pandemic a top priority. Several cost-cutting measures are on the table. 

– Pier 1 to go out of business and close all 540 stores (ABC News)