MMH CEO: CARES Act doesn't cover lost revenue

A federal coronavirus stimulus bill allocated $5.2 million for Midland Memorial Hospital, CEO Russell Meyers said Monday. But that grant won’t cover the hospital’s total revenue lost from canceling elective surgeries, which is in the ballpark of $9 million. The money allocated to MMH was a portion of $50 billion awarded to hospitals nationwide through the CARES Act. Each hospital’s grant was determined, in part, by its Medicare revenue.