Below are eight health centers and health systems that revealed layoffs because Sept. 1, the majority of which were associated to monetary pressure triggered by the pandemic..
The financial difficulties triggered by the COVID-19 pandemic have forced hundreds of medical facilities throughout the nation to furlough, lay off or minimize pay for workers, and others have had to downsize services or close..
Healthcare facilities are taking a variety of steps to offset monetary damage. Executives, clinicians and other personnel are taking pay cuts, capital tasks are being put on hold, and some workers are losing their tasks. More than 260 health centers and health systems furloughed workers this year and lots others have carried out layoffs..
Lower client volumes, canceled elective treatments and greater expenditures connected to the pandemic have created a money crunch for hospitals. U.S. health centers are approximated to lose more than $323 billion this year, according to a report from the American Hospital Association. The overall consists of $120.5 billion in monetary losses the AHA forecasts healthcare facilities will see from July to December..
1. Mentioning a requirement to offset monetary losses, Minneapolis-based M Health Fairview said it plans to downsize its health center and center operations. As a result of the modifications, 900 workers, about 3 percent of its 34,000-person workforce, will be laid off.
2. Lake Charles (La.) Memorial Health System laid off 205 workers, or about 8 percent of its labor force, as a result of damage sustained from Hurricane Laura. The health system laid off employees at Moss Memorial Health Clinic and the Archer Institute, 2 facilities in Lake Charles that sustained damage from the hurricane.
Burlington, Mass.-based Wellforce laid off 232 employees as a result of operating losses connected to the COVID-19 pandemic. The health system, made up of Tufts Medical Center, Lowell General Hospital and MelroseWakefield Healthcare, experienced a drastic drop in client volume previously this year due to the suspension of outpatient gos to and elective surgeries.
4. Baptist Health Floyd in New Albany, Ind., part of Louisville, Ky.-based Baptist Health, eliminated 36 positions. The healthcare facility said the cuts, which mostly affected nonclinical and administrative functions, are due to reorganizing that is “needed to fulfill financial difficulties compounded by COVID-19.”.
5. Cincinnati-based UC Health laid off about 100 employees. The job cuts impacted both non-clinical and clinical staff. A spokesperson for the health system stated no physicians were laid off..
6. Grace Iowa City (Iowa) revealed in September that it will lay off 29 staff members to attend to financial stress tied to the COVID-19 pandemic..
7. Springfield, Ill.-based Memorial Health System laid off 143 employees, or about 1.5 percent of the five-hospital systems labor force. The health system cited monetary pressures tied to the pandemic as the factor for the layoffs..
8. Watertown, N.Y.-based Samaritan Health revealed Sept. 8 that it laid off 51 employees and will make other cost-cutting transfer to balance out financial stress connected to the COVID-19 pandemic.
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More articles on health care financing: Jefferson Health to cut 500 jobs, minimize executive pay6 current health center credit downgradesTrinity Healths yearly income dips to $18.8 B.
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Citing a need to offset monetary losses, Minneapolis-based M Health Fairview said it prepares to downsize its health center and clinic operations. The health system laid off staff members at Moss Memorial Health Clinic and the Archer Institute, two facilities in Lake Charles that continual damage from the hurricane.
The health system, comprised of Tufts Medical Center, Lowell General Hospital and MelroseWakefield Healthcare, experienced a drastic drop in client volume earlier this year due to the suspension of outpatient sees and elective surgeries. Baptist Health Floyd in New Albany, Ind., part of Louisville, Ky.-based Baptist Health, eliminated 36 positions. More short articles on healthcare finance: Jefferson Health to cut 500 tasks, decrease executive pay6 current hospital credit downgradesTrinity Healths annual profits dips to $18.8 B.