The medical center implemented the furloughs, which affected more than 19 percent of its 17,885-person workforce, due to financial strain tied to the COVID-19 pandemic. As of Sept. 16, URMC had called back all but 48 employees, according to Spectrum News.
In mid-April, the medical center faced a $500 million budget gap for the current fiscal year it attributed to declining revenue and higher costs tied to preparation for a surge of COVID-19 patients. After taking several steps to reduce the gap, including eliminating pay increases and delaying capital spending, the medical center implemented furloughs to help shrink a projected deficit of $315 million.
More articles on healthcare finance:
OIG tags Arizona hospital for erroneous billing
Chicago hospital defeats allegations of ‘ghost payroll’ scheme
LifePoint received $1.5B in COVID-19 relief aid