READING, Pennsylvania (WPVI) — A recent report projects COVID-19-related financial losses for hospitals across Pennsylvania will top $10 billion.

Andy Carter, President and CEO of the Hospital and Healthsystem Association of Pennsylvania who commissioned the report, said that might only be the beginning.

“The fact that, going forward, we don’t know what to expect in terms of a second or third, or more, waves of the pandemic means that financial uncertainty can be very damaging to their future,” Carter said.

In fact, some local hospital systems have already made the difficult decision to furlough or even lay off employees.

Tower Health has announced the elimination of 1,000 positions system-wide, after reporting a 40% drop in revenue, which includes the closure of the maternity unit at Pottstown Hospital.

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