Pandemic’s Financial Impact Takes Human Toll

More than 260 hospitals and health systems furloughed workers in last year

By By Dan Hounsell


The COVID-19 pandemic has changed nearly every aspect of healthcare facilities, from the physical layout of buildings to the activities that take place inside them. And beyond the staggering human toll the illness has wrought, it is having another kind of human impact.

The resulting financial problems are forcing hundreds of hospitals across the nation to furlough, lay off or reduce pay for workers, and others have had to scale back services or close, according to Becker’s Hospital Review. Lower patient volume, canceled elective procedures and higher expenses tied to the pandemic have created a cash crunch, and hospitals are taking steps to offset financial damage. Executives, clinicians and other staff are taking pay cuts, capital projects are being put on hold, and some employees are losing their jobs. More than 260 hospitals and health systems furloughed workers in the last year, and dozens of others have implemented layoffs.



March 15, 2021


Topic Area: Facility Operations


Recent Posts

Designing a Home Away from Home

Ronald McDonald House Atlanta balances the familiarity of home with the demands of a high-use facility serving families of children receiving medical care.


Stephens County Hospital Becoming Part of Wellstar Health System

The transaction is expected to be completed toward the end of 2026, pending the conclusion of regulatory approvals.


Grafton City Hospital Joins Vandalia Health

The transition follows approval from the West Virginia Health Care Authority and continues a longstanding partnership between the organizations.


Protecting Patients from C. auris Through Bed and Mattress Safety

Managers face an urgent question: What happens when a colonized patient returns to a contaminated mattress?


Geisinger Wyoming Valley Medical Center Tops Off New Acute Care Tower

The new acute care tower, designed by FCA, will enhance the hospital’s ability to serve patients by incorporating facilities and expanding its range of services.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.