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Employees Hospitalized with Covid Cost Employers $30,000+ over 6 Months

The costs to employers are just a fragment of the total economic toll of the coronavirus pandemic.

By Dr. Janet Young | May 27, 2022 at 09:51 AM
Man getting covid vaccinne from healthcare professional

Although the pandemic may be receding, the costs of the disease continue to be severe. A new study by health data analytics company Springbuk has estimated that in the six months following a diagnosis, patients hospitalized for Covid-19 cost their employers a total of $34,851 more than they otherwise would have.

More mild cases also resulted in higher-than-expected costs. Over the same period of time, patients who were diagnosed with Covid-19 but not hospitalized cost their employers a total of $1,037 more than expected.

These costs may hit smaller firms especially hard, as those tend to be more financially fragile than larger businesses. As one study found, the median small business with more than $10,000 in monthly expenses had only about two weeks of cash on hand.

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