care. These factors have significantly reduce the revenue for all hospitals and health systems across the country (Rae et al, 2020). Challenges The expenses for the COVID 19 cases are higher because of the scarcity of supplies and resources available to treat patients and the high cost of labor. Overall, the cost of treating patients with COVID 19 could exceed $139 - $558 billion, depending on how many people are infected without counting the additional cost of medical supplies, equipment, treatment, and medication (FAIR Health Incorporated, 2020). With the cancellation of elective procedures, it will only add to the loss of profit. Thus, cost data accounting should be reviewed and approached correctly while tackling the COVID 19 pandemic. What is cost data accounting? To put it simpler it is a factual information concerning cost, material, overhead, and other elementswhich are expected to be incurred or incurred by the contractor in performing the contract (lawinsider.com, n.d.).