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

Aligning Construction and Facility Activities to Minimize Problems

Project managers need to address risks early to prevent issues during construction and renovation projects.


Cooper University Health Care Breaks Ground on 'Project Imagine'

The groundbreaking launched the first phase of a $3 billion expansion of the Health Sciences Campus in Camden, New Jersey.


3 Employees Injured by Patient at Halifax Infirmary's Emergency Department

Police contained the threat and took the patient into custody.


How Architects Shape the Future of Healthcare Facilities

Healthcare architecture is more than just designing and building hospitals.


UNC Health, Duke Health Form Partnership for Stand-alone Children's Hospital

The partners plan to break ground together on the new NC Children’s campus by 2027.


 
 


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.