Alia Paavola –
Tuesday, August 4th, 2020
The health system got $32.8 million in supplier relief help under the Coronavirus Aid, Relief, and Economic Security Act to assist offset a few of its losses.
More posts on healthcare finance: Childrens Hospital of Philadelphia alerts of furloughs amidst continued uncertainty 6 medical facilities laying off furloughed workers permanentlyHow much CARES Act cash went to HCA, CHS + UHS in Q2.
Summa Health is expected to report its second-quarter results Aug. 15. It ended the first quarter with a $10 million operating loss and lost $16 million in April alone due to the suspension of optional care, according to the newspaper report..
The health system furloughed 728 workers throughout the spring in reaction to lower client volumes and revenue losses. It has actually revived 654 of those employees, and 74 workers stay on furlough..
Akron, Ohio-based Summa Health, one of more than 260 health systems that furloughed workers to assist balance out COVID-19-related losses this spring, has restored the majority of its furloughed personnel, according to The Beacon Journal..
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