The financial obstacles caused by the COVID-19 pandemic have forced numerous hospitals throughout the country to furlough, lay off or minimize pay for workers, and others have had to scale back services or close..
Hospitals are taking a number of steps to offset monetary damage. Executives, clinicians and other personnel are taking pay cuts, capital tasks are being put on hold, and some employees are losing their jobs. More than 260 healthcare facilities and health systems furloughed employees this year and lots of others have executed layoffs..
Lower client volumes, canceled elective treatments and greater expenses tied to the pandemic have actually developed a cash crunch for healthcare facilities. U.S. healthcare facilities are approximated to lose more than $323 billion this year, according to a report from the American Hospital Association. The total includes $120.5 billion in financial losses the AHA forecasts medical facilities will see from July to December..
Below are 11 healthcare facilities and health systems that announced layoffs because Sept. 1, most of which were credited to monetary stress triggered by the pandemic..
1. NorthBay Healthcare, a nonprofit health system based in Fairfield, Calif., is laying off 31 of its 2,863 workers as part of its pandemic healing strategy, the system revealed Nov. 2..
2. Minneapolis-based Childrens Minnesota is laying off 150 employees, or about 3 percent of its workforce. Kids Minnesota cited several reasons for the layoffs, including the monetary hit from the COVID-19 pandemic. Impacted staff members will end their work either Dec. 31 or March 31.
3. Brattleboro Retreat, a psychiatric and addiction treatment medical facility in Vermont, informed 85 workers in late October that they would be laid off within 60 days..
4. Citing a need to offset monetary losses, Minneapolis-based M Health Fairview stated it plans to downsize its medical facility and center operations. As a result of the modifications, 900 employees, about 3 percent of its 34,000-person workforce, will be laid off.
5. Lake Charles (La.) Memorial Health System laid off 205 workers, or about 8 percent of its labor force, as an outcome of damage sustained from Hurricane Laura. The health system laid off employees at Moss Memorial Health Clinic and the Archer Institute, two centers in Lake Charles that continual damage from the hurricane.
6. Burlington, Mass.-based Wellforce laid off 232 workers as a result of operating losses linked to the COVID-19 pandemic. The health system, consisting of Tufts Medical Center, Lowell General Hospital and MelroseWakefield Healthcare, experienced an extreme drop in client volume previously this year due to the suspension of outpatient check outs and optional surgeries. In the 9 months ended June 30, the health system reported a $32.2 million operating loss..
7. Baptist Health Floyd in New Albany, Ind., part of Louisville, Ky.-based Baptist Health, got rid of 36 positions. The hospital stated the cuts, which mainly impacted administrative and nonclinical functions, are because of reorganizing that is “needed to satisfy monetary challenges compounded by COVID-19.”.
8. Cincinnati-based UC Health laid off about 100 workers. The task cuts affected both non-clinical and clinical staff. A spokesperson for the health system said no physicians were laid off..
9. Mercy Iowa City (Iowa) announced in September that it will lay off 29 staff members to attend to monetary pressure tied to the COVID-19 pandemic..
10. Springfield, Ill.-based Memorial Health System laid off 143 employees, or about 1.5 percent of the five-hospital systems workforce. The health system mentioned financial pressures tied to the pandemic as the factor for the layoffs..
11. Watertown, N.Y.-based Samaritan Health announced Sept. 8 that it laid off 51 workers and will make other cost-cutting transfer to balance out monetary stress tied to the COVID-19 pandemic.
The health system, comprising Tufts Medical Center, Lowell General Hospital and MelroseWakefield Healthcare, experienced a drastic drop in patient volume earlier this year due to the suspension of outpatient gos to and elective surgical treatments. Baptist Health Floyd in New Albany, Ind., part of Louisville, Ky.-based Baptist Health, removed 36 positions.
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U.S. hospitals are estimated to lose more than $323 billion this year, according to a report from the American Hospital Association. Pointing out a need to offset financial losses, Minneapolis-based M Health Fairview said it prepares to downsize its medical facility and center operations. The health system laid off staff members at Moss Memorial Health Clinic and the Archer Institute, two centers in Lake Charles that sustained damage from the typhoon.