Mohawk Valley Health System President and CEO Darlene Stromstad cautioned in a memo July 27 that employees will face layoffs and more furloughs as the system grapples with pandemic losses, according to The Times Telegram..
” Clearly this is not sustainable,” Ms. Stromstad wrote in the memo, according to the Telegram.
Although the furloughs assisted support finances in the short term, they werent enough for the long term, Ms. Stromstad composed..
More articles on healthcare financing: UHS sees earnings grow to $251.9 M in Q2GOP unveils $1 trillion COVID-19 relief package: 9 things to know46 jobs cut at New York health system.
As part of the plan, the systems Faxton urgent care center will close at the end of August..
To help offset the losses, the health system prepares layoffs, furloughs, combined services and brand-new personnel schedules, according to the memo.
Even if the Mohawk Valley Health has the ability to get back to 85 percent of the variety of clients it had before the pandemic, it would lose about $86 million per year, Ms. Stromstad composed..
Regardless of receiving $30 million in pandemic aid, the health system continues to lose cash since it is seeing less clients and is spending more money to get protective equipment for personnel, according to the memo..
The health system currently has frozen working with and cut discretionary spending. It revealed in April a strategy to furlough 20 percent of its workforce, about 800 workers..
Alia Paavola –
Tuesday, July 28th, 2020
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