University of Pennsylvania Health System predicts loss of $317 million in revenue by June 30

The University of Pennsylvania Health System has sustained massive financial losses since the coronavirus pandemic took hold in March. UPHS, which operates six hospitals and ten multi-specialty centers, expects a $317 million loss in operating revenue by June 30, The Philadelphia Inquirer reported. This loss does not include the $190 million in federal aid given to Penn's hospitals by the United States Department of Health and Human Services.