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

The Role of Positive Distraction in Pediatric Design

Positive distraction by itself does not heal, but it can aid the healing process by addressing the mental well-being of an individual.


Healthcare Waste is Fueling America's Debt

As healthcare spending surpasses $5 trillion annually, facility leaders are under pressure to confront operational inefficiencies head-on.


Prairie Lakes Healthcare System to Rebrand Following Sanford Health Merger

The transition of name and branding will occur in phases beginning in late June and is part of the “Together for Good” journey.


How Digital Technologies Are Reshaping Performance in Healthcare Facilities

AI can hyper-optimize hospital operations, change the patient experience and make data-driven intelligence a foundation of hospital design.


The Role of Plumbing in Healthcare-Associated Infections

Water and plumbing systems are a dangerous source of pathogens and bacteria, so the CDC has created a set of guidelines to develop a proper water management program.


 
 


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.