Contracting has historically been one of the main ways that the government responds to emergencies. In the ongoing COVID-19 pandemic, for one, the federal government had awarded around $17.8 billion in contracts as of mid-June 2020.
The idea is, of course, to let this amount trickle down to products and services that would ultimately benefit everyone.
Needless to say, this affects every single one of us so it is crucial that we have an understanding of the developments thus far.
As a provider of healthcare staffing in Chesapeake, Virginia, at Premier Healthcare Service, here is a quick run-down of government contracting as response to the COVID-19 pandemic to fill you in:
Four agencies make up 85% of the total COVID-19 contract obligations—Health and Human Services (HHS), Homeland Security, US Department of Defense, and US Department of Veterans Affairs.
11$ billion or 62% was awarded in contracts for critical protective goods for healthcare professionals and patients.
$9.4 billion in contracts was allotted for emergency needs.
The US Department of Health and Human Services (HHS) accounted for the largest allocation at $8,944.2 while the US Department of Veteran Affairs (VA) had the lowest at $1,477.7.
The overall contract obligations have only been completed by 47% as of present. For more insights like this from our healthcare training and consulting services providers, make sure to check back.